Stellus Capital Investment (SCM) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Stellus Capital Investment (NYSE:SCM) released its quarterly earnings data on Wednesday. The investment management company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01, Morningstar.com reports. The business had revenue of $14.49 million during the quarter, compared to analyst estimates of $13.58 million. Stellus Capital Investment had a return on equity of 8.16% and a net margin of 59.39%.

Shares of NYSE:SCM traded down $0.02 during midday trading on Friday, hitting $13.08. The company’s stock had a trading volume of 347 shares, compared to its average volume of 65,348. The company has a market cap of $198.94 million, a P/E ratio of 10.85 and a beta of 0.68. Stellus Capital Investment has a fifty-two week low of $11.07 and a fifty-two week high of $14.10. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.21 and a current ratio of 0.21.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be given a $0.1133 dividend. This represents a $1.36 annualized dividend and a dividend yield of 10.39%. The ex-dividend date of this dividend is Friday, December 28th. Stellus Capital Investment’s dividend payout ratio is currently 112.40%.

SCM has been the subject of several research reports. Zacks Investment Research lowered Stellus Capital Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.00 target price on shares of Stellus Capital Investment in a report on Thursday, August 9th. Finally, ValuEngine upgraded Stellus Capital Investment from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th.

An institutional investor recently bought a new position in Stellus Capital Investment stock. LPL Financial LLC purchased a new stake in Stellus Capital Investment Corp (NYSE:SCM) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,970 shares of the investment management company’s stock, valued at approximately $138,000. LPL Financial LLC owned about 0.08% of Stellus Capital Investment as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 20.76% of the company’s stock.

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Stellus Capital Investment Company Profile

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 seeks to invest in companies with an EBITDA between $5 million and $50 million.

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Earnings History for Stellus Capital Investment (NYSE:SCM)

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