Stellus Capital Investment Co. (NYSE:SCM) Expected to Post Quarterly Sales of $16.73 Million

Analysts expect Stellus Capital Investment Co. (NYSE:SCM – Get a rating) will report sales of $16.73 million for the current fiscal quarter, according to Zacks. Two analysts have released earnings estimates for Stellus Capital Investment. The lowest sales estimate is $16.50 million and the highest is $16.95 million. Stellus Capital Investment reported sales of $13.99 million in the same quarter last year, indicating a positive growth rate of 19.6% year-over-year. The company is due to announce its next quarterly earnings report on Monday, January 1.

On average, analysts expect Stellus Capital Investment to post annual revenue of $68.78 million for the current fiscal year, with estimates ranging from $67.40 million to $70.15 million. millions of dollars. For the next fiscal year, analysts expect the company to report sales of $72.05 million, with estimates ranging from $68.98 million to $75.12 million. Zacks Investment Research sales calculations are an average based on a survey of analysts who provide coverage for Stellus Capital Investment.

Separately, Zacks Investment Research upgraded Stellus Capital Investment shares from a “hold” rating to a “buy” rating and set a target price of $15.00 on the stock in a research report on Saturday, March 5.

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Hedge funds and other institutional investors have recently changed their stock holdings. Evolution Wealth Advisors LLC purchased a new equity stake from Stellus Capital Investment during Q3 for $25,000. Spire Wealth Management increased its stake in the shares of Stellus Capital Investment by 11.7% during the 3rd quarter. Spire Wealth Management now owns 8,625 shares of the investment management company worth $113,000 after buying 900 more shares in the last quarter. Wells Fargo & Company MN increased its stake 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 firm worth $129,000 after buying 1,915 additional shares in the last quarter. LPL Financial LLC increased its stake in the shares of Stellus Capital Investment by 7.1% during the 4th quarter. LPL Financial LLC now owns 12,600 shares of the investment management firm worth $164,000 after buying 831 additional shares in the last quarter. Finally, Eagle Global Advisors LLC increased its stake in the 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 worth $242,000 after buying an additional 7,540 shares in the last quarter. Hedge funds and other institutional investors hold 16.79% of the company’s shares.

NYSE:SCM shares opened at $14.09 on Wednesday. The company has a market capitalization of $275.01 million, a PE ratio of 8.14 and a beta of 1.23. The company’s 50-day simple moving average is $13.65 and its 200-day simple moving average is $13.49. Stellus Capital Investment has a one-year low of $12.10 and a one-year high of $14.74. The company has a debt ratio of 1.20, a quick ratio of 0.27 and a current ratio of 0.27.

Stellus Capital Investment Company Profile (Get a rating)

Stellus Capital Investment Corp. invests in companies located in the United States with an EBITDA of 5 to 50 million dollars. The fund targets companies operating in aerospace/defense, business services, consumer products, retail, education, energy/industrial services, financial services, healthcare, manufacturing, media and entertainment, food service/retail, software/technology and telecommunications.

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