Stellus Capital Investment Corp to Post Q4 2019 Earnings of $0.32 Per Share, Oppenheimer Forecasts (NYSE:SCM)

Stellus Capital Investment Corp (NYSE:SCM) – Analysts at Oppenheimer decreased their Q4 2019 EPS estimates for Stellus Capital Investment in a research note issued on Monday, November 11th. Oppenheimer analyst C. Kotowski now expects that the investment management company will post earnings per share of $0.32 for the quarter, down from their prior estimate of $0.33. Oppenheimer has a “Market Perform” rating on the stock. Oppenheimer also issued estimates for Stellus Capital Investment’s Q1 2020 earnings at $0.32 EPS, Q2 2020 earnings at $0.33 EPS, Q3 2020 earnings at $0.34 EPS and FY2020 earnings at $1.33 EPS.

SCM has been the subject of several other reports. Zacks Investment Research downgraded shares of Stellus Capital Investment from a “buy” rating to a “hold” rating in a research report on Wednesday. CIBC reissued a “market perform” rating on shares of Stellus Capital Investment in a research report on Monday, August 12th.

SCM stock traded up $0.10 during trading hours on Wednesday, hitting $14.24. The company’s stock had a trading volume of 3,237 shares, compared to its average volume of 110,025. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $267.33 million, a PE ratio of 10.04 and a beta of 0.70. Stellus Capital Investment has a 12 month low of $11.65 and a 12 month high of $15.30. The stock has a 50 day moving average price of $13.67 and a two-hundred day moving average price of $13.83.

Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings data on Thursday, November 7th. The investment management company reported $0.31 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.31. Stellus Capital Investment had a net margin of 45.89% and a return on equity of 9.61%. The firm had revenue of $15.52 million for the quarter, compared to the consensus estimate of $14.61 million.

A number of hedge funds have recently bought and sold shares of the business. Gables Capital Management Inc. grew its holdings in shares of Stellus Capital Investment by 6.2% during the third quarter. Gables Capital Management Inc. now owns 138,212 shares of the investment management company’s stock worth $1,886,000 after purchasing an additional 8,114 shares during the last quarter. Confluence Investment Management LLC grew its holdings in shares of Stellus Capital Investment by 2.5% during the third quarter. Confluence Investment Management LLC now owns 480,043 shares of the investment management company’s stock worth $6,543,000 after purchasing an additional 11,933 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Stellus Capital Investment by 26.3% during the second quarter. BlackRock Inc. now owns 89,105 shares of the investment management company’s stock worth $1,232,000 after purchasing an additional 18,534 shares during the last quarter. Virtus ETF Advisers LLC bought a new stake in shares of Stellus Capital Investment during the second quarter worth about $3,481,000. Finally, Eagle Global Advisors LLC bought a new stake in shares of Stellus Capital Investment during the second quarter worth about $177,000. 17.84% of the stock is owned by institutional investors.

The firm also recently announced a dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.1133 dividend. This is an increase from Stellus Capital Investment’s previous dividend of $0.11. The ex-dividend date is Wednesday, October 30th. Stellus Capital Investment’s payout ratio is currently 95.77%.

About Stellus Capital Investment

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 and Estimates for Stellus Capital Investment (NYSE:SCM)

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