Stellus Capital Investment (NYSE:SCM – Get Rating) issued its earnings results on Wednesday. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02), Fidelity Earnings reports. Stellus Capital Investment had a net margin of 52.72% and a return on equity of 8.57%. During the same quarter last year, the company earned $0.28 earnings per share.
SCM stock traded up $0.21 during mid-day trading on Friday, hitting $12.68. 88,044 shares of the company were exchanged, compared to its average volume of 68,506. The business has a 50 day simple moving average of $13.75 and a 200-day simple moving average of $13.61. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $253.33 million, a PE ratio of 7.25 and a beta of 1.16. Stellus Capital Investment has a 1-year low of $12.10 and a 1-year high of $14.74.
The business also recently disclosed a monthly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.0933 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $1.12 annualized dividend and a yield of 8.83%. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 64.00%.
A number of hedge funds have recently modified their holdings of SCM. Wells Fargo & Company MN raised its position in shares of Stellus Capital Investment by 23.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,915 shares of the investment management company’s stock valued at $129,000 after buying an additional 1,915 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Stellus Capital Investment in the first quarter valued at approximately $163,000. LPL Financial LLC raised its position in shares of Stellus Capital Investment by 7.1% in the fourth quarter. LPL Financial LLC now owns 12,600 shares of the investment management company’s stock valued at $164,000 after buying an additional 831 shares in the last quarter. Morgan Stanley raised its position in shares of Stellus Capital Investment by 5.5% in the first quarter. Morgan Stanley now owns 27,491 shares of the investment management company’s stock valued at $349,000 after buying an additional 1,425 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Stellus Capital Investment by 47.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 27,279 shares of the investment management company’s stock valued at $379,000 after buying an additional 8,784 shares in the last quarter. Hedge funds and other institutional investors own 16.41% of the company’s stock.
Several equities research analysts recently issued reports on SCM shares. Zacks Investment Research downgraded shares of Stellus Capital Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Hovde Group downgraded shares of Stellus Capital Investment from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 23rd. Finally, StockNews.com assumed coverage on shares of Stellus Capital Investment in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.17.
Stellus Capital Investment Company Profile (Get Rating)
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 prefers to invest in US and Canada.
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