Brokers expect Stellus Capital Investment Co. (NYSE: SCM) will post $ 16.16 million in sales in the current quarter, Six reports. Two analysts provided estimates for Stellus Capital Investment earnings, with estimates ranging from $ 16.04 million to $ 16.29 million. Stellus Capital Investment recorded sales of $ 13.54 million in the same quarter last year, indicating a positive year-on-year growth rate of 19.4%. The company is expected to release its next earnings report on Thursday, March 3rd.
According to Zacks, analysts expect Stalos Capital Instrument to report full-year sales of $ 61.78 million for the current fiscal year, with estimates ranging from $ 61.16 million to $ 62.41 million. For the next fiscal year, analysts expect the company to post sales of $ 66.85 million, with estimates ranging from $ 66.30 million to $ 67.40 million. The Zacks sales averages are based on a survey of analysts providing coverage to Stellus Capital Investment.
Stellus Capital Investment (NYSE: SCM) recently released its earnings results on Thursday, October 28th. The investment management company reported earnings of $ 0.31 per share (EPS) for the quarter, above the consensus estimate of $ 0.30 at $ 0.01. Stalos Capital Investments had a return on equity of 8.10% and a net margin of 67.27%. The business had revenue of $ 17.03 million for the quarter, compared to analysts’ estimates of $ 16.31 million. During the same quarter last year, the company posted $ 0.29 earnings per share.
Several analysts have recently released reports on the company. Oppenheimer upgraded Stellus Capital Investment from a “market performance” rating to a “better performance” rating and set a $ 15.00 share price in the report on Monday, November 1. Raymond James raised their price target on Stellus Capital Investment from $ 15.00 to $ 15.50 and gave the company a “better performance” rating in a research comment on Monday, November 1. Finally, Zacks Investment Research Downgraded Stellus Capital Investment from a “buy” rating to a “hold” rating in a research note on Thursday, October 7th.
SCM opened at $ 13.02 on Friday. Stellus Capital Investment has a 52-week low of $ 10.12 and a 52-week high of $ 14.74. The firm has a market capitalization of $ 253.71 million, a PE ratio of 6.32 and a beta ratio of 1.33. The company has a debt-to-capital ratio of 1.24, a fast ratio of 0.22 and a current ratio of 0.22. The simple 50 day moving average of the business is $ 13.54 and the simple moving average of 200 days is $ 13.27.
The company also recently unveiled a monthly dividend, to be paid on Friday, April 15th. Shareholders listed on Thursday, March 31 will receive a $ 0.02 dividend. The former dividend date is Wednesday, March 30th. This represents an annual dividend of $ 0.24 and a return of 1.84%. The dividend ratio of Stellus Capital Investment is 54.37%.
Several institutional investors have recently bought and sold SCM shares. First Trust Advisors LP acquired a new position in shares of Stellus Capital Investment in the second quarter worth approximately $ 3,602,000. Ares Management LLC increased its stake in Stellus Capital Investment by 5.3% in the second quarter. Ares Management LLC now owns $ 837.376 of the investment management company worth $ 10,543,000 after acquiring an additional 41,980 shares during the last quarter. RMB Capital Management LLC acquired a new position in shares of Stellus Capital Investment in the third quarter worth approximately $ 467,000. Virtus ETF Advisers LLC increased its position in Stellus Capital Investment shares by 156.3% in the second quarter. Virtus ETF Advisers LLC now owns $ 52,459 of the $ 660,000 investment management firm after acquiring an additional 31,990 shares during the last quarter. Finally, US Capital Wealth Advisors LLC acquired a new position in shares of Stellus Capital Investment in the third quarter worth approximately $ 334,000. 19.53% of the shares are currently owned by institutional investors.
On Stellus Capital Investment
Stellus Capital Investment Corp. Is an externally managed, closed, non-diversified management investment company. The purpose of its investment is to maximize the overall return to shareholders in the form of current income and capital growth. The company was founded on May 18, 2012 and is headquartered in Houston, Texas.
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