Stellus Private Equity (NYSE: SCM – Get a rating) will announce its results after the market closes on Wednesday, May 11. Analysts expect the company to report earnings of $0.31 per share for the quarter.
Stellus Private Equity (NYSE: SCM – Get a rating) last released its results on Tuesday, March 1. The investment management firm reported earnings per share of $0.33 for the quarter, beating analysts’ consensus estimate of $0.29 by $0.04. Stellus Capital Investment achieved a return on equity of 8.57% and a net margin of 52.72%. The company posted revenue of $17.56 million in the quarter, versus a consensus estimate of $16.16 million. 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.
Shares of SCM Action opened at $13.74 on Thursday. Stellus Capital Investment has a 1 year minimum of $12.10 and a 1 year maximum 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. The company’s 50-day moving average is $13.82 and its 200-day moving average is $13.64. The stock has a market capitalization of $274.53 million, a PE ratio of 7.94 and a beta of 1.16.
The company also recently announced a monthly dividend, which will be paid on Friday, July 15. Investors of record on Thursday, June 30 will receive a dividend of $0.0933 per share. The ex-dividend date is Wednesday, June 29. This represents an annualized dividend of $1.12 and a yield of 8.15%. Stellus Capital Investment’s dividend payout ratio is currently 64.74%.
SCM has been the subject of a number of research analyst reports. The Hovde Group downgraded shares of Stellus Capital Investment from an “outperforming” rating to a “market performing” rating in a Wednesday, March 23 report. StockNews.com purported coverage of Stellus Capital Investment shares in a Thursday, March 31, research note. They set a “holding” rating for the company. To finish, Zacks Investment Research downgraded shares of Stellus Capital Investment from a “buy” rating to a “hold” rating in a research report on Wednesday. Three research analysts rated the stock with a hold rating and two assigned the stock a buy rating. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.17.
Institutional investors and hedge funds have recently changed their positions in the company. Wells Fargo & Company MN increased its equity stake in Stellus Capital Investment by 23.9% during the fourth quarter. Wells Fargo & Company MN now owns 9,915 shares of the investment management firm valued at $129,000 after acquiring an additional 1,915 shares during the period. Envestnet Asset Management Inc. bought a new position in Stellus Capital Investment during Q1 worth approximately $163,000. LPL Financial LLC increased its stake in Stellus Capital Investment by 7.1% during the 4th quarter. LPL Financial LLC now owns 12,600 shares of the investment management company valued at $164,000 after purchasing an additional 831 shares during the period. Morgan Stanley increased its holdings of Stellus Capital Investment shares by 5.5% in the first quarter. Morgan Stanley now owns 27,491 shares of the investment management firm valued at $349,000 after buying an additional 1,425 shares last quarter. Finally, Marshall Wace LLP acquired a new equity stake from Stellus Capital Investment in the fourth quarter worth $500,000. Institutional investors hold 16.41% of the company’s shares.
Stellus Capital Investment Company Profile (Get a rating)
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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