Investment

Stellus Capital Investment (NYSE:SCM) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

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.

See Also

Earnings History for Stellus Capital Investment (NYSE:SCM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Stellus Capital Investment right now?

Before you consider Stellus Capital Investment, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Stellus Capital Investment wasn’t on the list.

While Stellus Capital Investment currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


Source link

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button