B. Riley Issues Positive Forecast for SCM Earnings

Stellus Capital Investment Co. (NYSE:SCM) – B. Riley upped their Q4 2024 earnings estimates for Stellus Capital Investment in a research report issued to clients and investors on Monday, November 11th. B. Riley analyst B. Rowe now expects that the investment management company will post earnings of $0.45 per share for the quarter, up from their prior estimate of $0.43. The consensus estimate for Stellus Capital Investment’s current full-year earnings is $1.79 per share. B. Riley also issued estimates for Stellus Capital Investment’s Q1 2025 earnings at $0.38 EPS, Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.35 EPS and FY2025 earnings at $1.49 EPS.

Stellus Capital Investment Trading Up 0.2 %

Shares of Stellus Capital Investment stock opened at $13.76 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 0.29 and a debt-to-equity ratio of 1.15. Stellus Capital Investment has a 12-month low of $12.48 and a 12-month high of $14.68. The company has a market capitalization of $372.32 million, a price-to-earnings ratio of 7.03 and a beta of 1.15. The firm’s 50-day moving average price is $13.85 and its two-hundred day moving average price is $13.90.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SCM. Condor Capital Management increased its stake in shares of Stellus Capital Investment by 47.1% in the 2nd quarter. Condor Capital Management now owns 269,416 shares of the investment management company’s stock valued at $3,699,000 after purchasing an additional 86,323 shares during the last quarter. Raymond James & Associates boosted its stake in Stellus Capital Investment by 2.2% in the third quarter. Raymond James & Associates now owns 228,375 shares of the investment management company’s stock valued at $3,126,000 after buying an additional 4,859 shares in the last quarter. Millennium Management LLC grew its position in Stellus Capital Investment by 285.2% in the second quarter. Millennium Management LLC now owns 213,958 shares of the investment management company’s stock valued at $2,938,000 after acquiring an additional 158,415 shares during the last quarter. Cliffwater LLC raised its stake in Stellus Capital Investment by 2.9% during the first quarter. Cliffwater LLC now owns 99,960 shares of the investment management company’s stock worth $1,295,000 after acquiring an additional 2,771 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Stellus Capital Investment in the second quarter worth about $1,302,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Stellus Capital Investment Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.1333 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a dividend yield of 11.3%. Stellus Capital Investment’s dividend payout ratio is 81.63%.

About Stellus Capital Investment

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.