Wall Street brokerages forecast that Stellus Capital Inv (NYSE:SCM) will announce sales of $10.68 million for the current quarter, according to Zacks. Three analysts have provided estimates for Stellus Capital Inv’s earnings. The lowest sales estimate is $10.57 million and the highest is $10.76 million. Stellus Capital Inv reported sales of $9.86 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.3%. The company is scheduled to report its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Stellus Capital Inv will report full year sales of $10.68 million for the current financial year, with estimates ranging from $46.70 million to $49.82 million. For the next fiscal year, analysts anticipate that the company will report sales of $53.01 million per share, with estimates ranging from $49.70 million to $56.10 million. Zacks’ 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 released its quarterly earnings results on Tuesday, March 6th. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.03). The firm had revenue of $9.41 million for the quarter, compared to analyst estimates of $10.58 million. Stellus Capital Inv had a return on equity of 8.67% and a net margin of 57.04%.
SCM traded up $0.05 during trading on Monday, hitting $11.56. 66,964 shares of the stock were exchanged, compared to its average volume of 94,595. The firm has a market cap of $183.54, a price-to-earnings ratio of 9.55 and a beta of 0.52. Stellus Capital Inv has a 1-year low of $11.07 and a 1-year high of $14.67. 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 business also recently announced a monthly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be issued a $0.1133 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.76%. The ex-dividend date of this dividend is Wednesday, March 28th. Stellus Capital Inv’s payout ratio is currently 112.40%.
In related news, insider Robert T. Ladd bought 40,000 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were acquired at an average price of $11.68 per share, with a total value of $467,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert T. Ladd bought 7,000 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was bought at an average cost of $11.90 per share, for a total transaction of $83,300.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 107,000 shares of company stock worth $1,248,920. Corporate insiders own 4.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in SCM. Macquarie Group Ltd. acquired a new position in shares of Stellus Capital Inv in the third quarter valued at approximately $188,000. JPMorgan Chase & Co. increased its holdings in shares of Stellus Capital Inv by 36.3% in the third quarter. JPMorgan Chase & Co. now owns 80,973 shares of the investment management company’s stock valued at $1,105,000 after purchasing an additional 21,584 shares during the period. OxFORD Asset Management LLP increased its holdings in shares of Stellus Capital Inv by 18.8% in the third quarter. OxFORD Asset Management LLP now owns 36,956 shares of the investment management company’s stock valued at $504,000 after purchasing an additional 5,840 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Stellus Capital Inv by 33.7% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 41,275 shares of the investment management company’s stock valued at $564,000 after purchasing an additional 10,399 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Stellus Capital Inv by 26.2% in the third quarter. Janney Montgomery Scott LLC now owns 21,165 shares of the investment management company’s stock valued at $289,000 after purchasing an additional 4,389 shares during the period. 29.11% of the stock is currently owned by institutional investors and hedge funds.
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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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