Equities research analysts expect Stellus Capital Inv (NYSE:SCM) to post sales of $10.68 million for the current quarter, according to Zacks. Three analysts have issued estimates for Stellus Capital Inv’s earnings, with estimates ranging from $10.57 million to $10.76 million. Stellus Capital Inv reported sales of $9.86 million in the same quarter last year, which indicates a positive year over year growth rate of 8.3%. The business is expected to announce its next earnings results before the market opens on Tuesday, May 8th.
On average, analysts expect that Stellus Capital Inv will report full year sales of $48.36 million for the current year, with estimates ranging from $46.70 million to $49.82 million. For the next year, analysts forecast that the business will post sales of $53.01 million per share, with estimates ranging from $49.70 million to $56.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Stellus Capital Inv.
Stellus Capital Inv (NYSE:SCM) last announced its quarterly earnings data on Tuesday, March 6th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.03). The firm had revenue of $9.41 million during the quarter, compared to the consensus estimate of $10.58 million. Stellus Capital Inv had a return on equity of 8.67% and a net margin of 57.04%.
Stellus Capital Inv stock traded up $0.07 during mid-day trading on Thursday, reaching $12.16. 50,355 shares of the company were exchanged, compared to its average volume of 78,522. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The firm has a market cap of $192.79, a P/E ratio of 10.05 and a beta of 0.52. Stellus Capital Inv has a 12-month low of $11.07 and a 12-month high of $14.50.
The firm also recently disclosed a monthly dividend, which was paid on Friday, April 13th. Stockholders of record on Thursday, March 29th were issued a dividend of $0.1133 per share. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $1.36 annualized dividend and a dividend yield of 11.18%. Stellus Capital Inv’s dividend payout ratio is presently 112.40%.
In other Stellus Capital Inv news, CEO Robert T. Ladd acquired 33,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was purchased at an average price of $11.63 per share, for a total transaction of $383,790.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joshua T. Davis acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The shares were acquired at an average price of $11.65 per share, with a total value of $58,250.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 107,000 shares of company stock valued at $1,248,920. Company insiders own 4.20% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its stake in Stellus Capital Inv by 26.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 21,165 shares of the investment management company’s stock worth $289,000 after acquiring an additional 4,389 shares during the last quarter. OxFORD Asset Management LLP raised its stake in Stellus Capital Inv by 18.8% in the 3rd quarter. OxFORD Asset Management LLP now owns 36,956 shares of the investment management company’s stock worth $504,000 after acquiring an additional 5,840 shares during the last quarter. BlackRock Inc. raised its stake in Stellus Capital Inv by 9.5% in the 4th quarter. BlackRock Inc. now owns 101,800 shares of the investment management company’s stock worth $1,338,000 after acquiring an additional 8,800 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Stellus Capital Inv by 33.7% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 41,275 shares of the investment management company’s stock worth $564,000 after acquiring an additional 10,399 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in Stellus Capital Inv by 18.4% in the 4th quarter. Two Sigma Investments LP now owns 70,220 shares of the investment management company’s stock worth $923,000 after acquiring an additional 10,922 shares during the last quarter. Hedge funds and other institutional investors own 29.11% of the company’s stock.
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Stellus Capital Inv Company Profile
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 seeks to invest in companies with an EBITDA between $5 million and $50 million.
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