Equity research analysts expect Stellus Capital Investment Co. (NYSE: SCM – Get a rating) will announce sales of $16.73 million for the current quarter, according to Zacks Investment Research. Two analysts made earnings estimates for Stellus Capital Investment. The lowest sales estimate is $16.50 million and the highest is $16.95 million. Stellus Capital Investment recorded sales of $13.99 million in the same quarter last year, indicating a positive year-over-year growth rate of 19.6%. The company is due to release its next earnings report on Monday, January 1.
On average, analysts expect Stellus Capital Investment to record annual sales of $68.78 million for the current year, with estimates ranging from $67.40 million to $70.15 million . For next year, analysts expect the company to record sales of $72.05 million, with estimates ranging from $68.98 million to $75.12 million. Zacks sales calculations are an average average based on a survey of analysts who cover Stellus Capital Investment.
Stellus Private Equity (NYSE: SCM – Get a rating) last announced its results on Tuesday, March 1. The investment management firm reported earnings per share (EPS) of $0.33 for the quarter, beating consensus analyst estimates 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 for the quarter, versus analyst estimates of $16.16 million.
A number of research analysts have recently published SCM stock reports. StockNews.com began covering Stellus Capital Investment in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Zacks Investment Research upgraded Stellus Capital Investment from a “hold” to a “buy” rating and set a $15.00 price target for the company in a research note on Saturday, March 5. Finally, Hovde Group downgraded Stellus Capital Investment from an “outperforming” rating to a “market performing” rating in a Wednesday, March 23 research note. Two research analysts have rated the stock with a hold rating and three have assigned the company’s stock a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $15.17.
Shares of NYSE: SCM traded down $0.07 in the midday session on Wednesday, hitting $13.87. 37,053 shares of the company were traded, compared to its average volume of 56,792. Stellus Capital Investment has a 1-year low of $12.10 and a 1-year high of $14.74. The company has a market capitalization of $270.74 million, a P/E ratio of 8.02 and a beta of 1.24. The company has a debt ratio of 1.20, a quick ratio of 0.27 and a current ratio of 0.27. The company has a fifty-day simple moving average of $13.77 and a two-hundred-day simple moving average of $13.58.
Several institutional investors and hedge funds have recently changed their holdings in MGS. LPL Financial LLC increased its position in Stellus Capital Investment shares by 7.1% during the 4th quarter. LPL Financial LLC now owns 12,600 shares of the investment management company worth $164,000 after buying 831 additional shares in the last quarter. Spire Wealth Management increased its position in Stellus Capital Investment shares by 11.7% during the third 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. Rockefeller Capital Management LP increased its position in Stellus Capital Investment shares by 2.2% during the third quarter. Rockefeller Capital Management LP now owns 47,851 shares of the investment management company worth $624,000 after buying 1,021 additional shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Stellus Capital Investment shares by 6.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 21,741 shares of the investment management company worth $284,000 after buying 1,270 additional shares in the last quarter. Finally, Morgan Stanley increased its position in Stellus Capital Investment shares by 5.5% during the first quarter. Morgan Stanley now owns 27,491 shares of the investment management company worth $349,000 after buying 1,425 more shares in the last quarter. 16.79% of the shares are held by institutional investors and hedge funds.
About Stellus Capital Investment (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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