Stellus Capital Investments (NYSE: SCM – Get a rating) is expected to release its quarterly earnings data after the market closes on Wednesday, August 3. Analysts expect the company to report earnings of $0.28 per share for the quarter.
Stellus Capital Investments (NYSE: SCM – Get a rating) last released its quarterly earnings data on Wednesday, May 11. The investment management firm reported EPS of $0.29 for the quarter, missing the consensus estimate of $0.31 per ($0.02). Stellus Capital Investment achieved a return on equity of 8.61% and a net margin of 51.94%. The company posted revenue of $15.49 million in the quarter, versus a consensus estimate of $16.73 million. In the same quarter last year, the company posted earnings per share of $0.28. On average, analysts expect Stellus Capital Investment to post EPS of $1 for the current fiscal year and EPS of $1 for the next fiscal year.
Stellus Capital investment stock up 0.8%
NYSE SCM shares opened at $13.37 on Friday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt ratio of 1.27. The company has a fifty-day simple moving average of $12.20 and a two-hundred-day simple moving average of $13.14. The company has a market capitalization of $261.33 million, a PE ratio of 7.64 and a beta of 1.17. Stellus Capital Investment has a 12-month low of $11.02 and a 12-month high of $14.74.
Stellus Capital Investment dividend announcement
The company also recently declared a monthly dividend, which will be paid on Friday, October 14. Investors of record on Friday, September 30 will receive a dividend of $0.1133. The ex-dividend date is Thursday, September 29. This represents an annualized dividend of $1.36 and a dividend yield of 10.17%. Stellus Capital Investment’s payout ratio is 64.00%.
A Wall Street analyst gives his opinion
Separately, StockNews.com began covering Stellus Capital Investment shares in a research note on Thursday, March 31. They issued a “hold” rating for the company.
Insider buying and selling
In other news, CEO Robert T. Ladd acquired 8,834 shares of the company in a deal that took place on Wednesday, May 18. The shares were purchased at an average cost of $12.86 per share, with a total value of $113,605.24. As a result of the transaction, the CEO now owns 626,581 shares of the company, valued at approximately $8,057,831.66. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Robert T. Ladd acquired 8,834 shares of the company in a deal that took place on Wednesday, May 18. The shares were purchased at an average cost of $12.86 per share, with a total value of $113,605.24. As a result of the transaction, the CEO now owns 626,581 shares of the company, valued at approximately $8,057,831.66. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, director dean of angelo acquired 2,500 shares of the company in a transaction that took place on Thursday, June 16. The shares were purchased at an average cost of $11.38 per share, for a total transaction of $28,450.00. Following completion of the transaction, the administrator now directly owns 196,682 shares of the company, valued at approximately $2,238,241.16. Disclosure of this purchase can be found here. Insiders have acquired a total of 18,334 shares of the company worth $223,515 over the past three months. 5.30% of the shares are held by company insiders.
Stellus Capital Investment Institutional Trading
A hedge fund recently bought a new stake in the shares of Stellus Capital Investment. Envestnet Asset Management Inc. has purchased a new stake in the shares of Stellus Capital Investment Co. (NYSE: SCM – Get a rating) during the first quarter, according to the company in its latest filing to the SEC. The company bought 11,730 shares of the investment management firm, valued at around $163,000. Envestnet Asset Management Inc. held approximately 0.06% of Stellus Capital Investment when it last filed with the SEC. 16.41% of the shares are currently held by institutional investors and hedge funds.
About Stellus Capital Investment
Stellus Capital Investment Corporation is a business development firm specializing in investing in middle market private companies. It invests through senior, second-tier, unitranche and mezzanine debt, often with a matching equity investment. The fund prefers to invest in the United States and Canada.
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