$16.31 Million in Sales Expected for Stellus Capital Investment Co. (NYSE:SCM) This Quarter

Analysts expect Stellus Capital Investment Co. (NYSE:SCMGet Rating) to announce $16.31 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Stellus Capital Investment’s earnings, with the highest sales estimate coming in at $16.48 million and the lowest estimate coming in at $16.14 million. Stellus Capital Investment reported sales of $15.10 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Stellus Capital Investment will report full-year sales of $67.46 million for the current financial year, with estimates ranging from $65.91 million to $69.00 million. For the next financial year, analysts expect that the firm will report sales of $77.72 million, with estimates ranging from $69.77 million to $85.68 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Stellus Capital Investment.

Stellus Capital Investment (NYSE:SCMGet Rating) last issued its earnings results on Wednesday, May 11th. The investment management company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Stellus Capital Investment had a return on equity of 8.61% and a net margin of 51.94%. During the same quarter in the prior year, the firm earned $0.28 EPS.

A number of equities analysts recently commented on SCM shares. StockNews.com started coverage on shares of Stellus Capital Investment in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research lowered shares of Stellus Capital Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, May 17th. Finally, Hovde Group lowered shares of Stellus Capital Investment from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Stellus Capital Investment currently has an average rating of “Hold” and a consensus target price of $15.17.

Shares of NYSE:SCM opened at $12.73 on Wednesday. The stock has a market capitalization of $248.82 million, a price-to-earnings ratio of 7.27 and a beta of 1.16. Stellus Capital Investment has a 1-year low of $12.10 and a 1-year high of $14.74. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.27 and a current ratio of 0.14. The company has a 50 day moving average price of $13.61 and a 200 day moving average price of $13.55.

The business also recently announced a monthly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.0933 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 8.80%. The ex-dividend date of this dividend is Wednesday, June 29th. Stellus Capital Investment’s dividend payout ratio (DPR) is currently 64.00%.

In related news, CEO Robert T. Ladd bought 8,834 shares of the firm’s stock in a transaction on Wednesday, May 18th. The stock was bought at an average price of $12.86 per share, with a total value of $113,605.24. Following the purchase, the chief executive officer now directly owns 626,581 shares of the company’s stock, valued at approximately $8,057,831.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.41% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in shares of Stellus Capital Investment by 23.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,915 shares of the investment management company’s stock valued at $129,000 after purchasing an additional 1,915 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Stellus Capital Investment during the 1st quarter valued at $163,000. LPL Financial LLC raised its holdings in shares of Stellus Capital Investment by 7.1% during the 4th quarter. LPL Financial LLC now owns 12,600 shares of the investment management company’s stock valued at $164,000 after purchasing an additional 831 shares in the last quarter. Eagle Global Advisors LLC raised its holdings in shares of Stellus Capital Investment by 68.5% during the 4th quarter. Eagle Global Advisors LLC now owns 18,550 shares of the investment management company’s stock valued at $242,000 after purchasing an additional 7,540 shares in the last quarter. Finally, Buckingham Strategic Partners bought a new position in shares of Stellus Capital Investment during the 1st quarter valued at $275,000. Institutional investors and hedge funds own 16.41% of the company’s stock.

About Stellus Capital Investment (Get Rating)

Stellus Capital Investment Corporation is a business development company specializing in investments in private middle-market companies. It invests through first lien, second lien, unitranche, and mezzanine debt financing, often with a corresponding equity investment. The fund prefers to invest in US and Canada.

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