Wall Street brokerages forecast that Stellus Capital Investment Corporation (NYSE:SCM) will report $0.31 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Stellus Capital Investment Corporation’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.30. Stellus Capital Investment Corporation posted earnings per share of $0.37 in the same quarter last year, which would suggest a negative year-over-year growth rate of 16.2%. The firm is expected to issue its next earnings report on Thursday, November 2nd.

On average, analysts expect that Stellus Capital Investment Corporation will report full-year earnings of $1.31 per share for the current year, with EPS estimates ranging from $1.28 to $1.36. For the next financial year, analysts forecast that the firm will post earnings of $1.37 per share, with EPS estimates ranging from $1.30 to $1.45. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Stellus Capital Investment Corporation.

Stellus Capital Investment Corporation (NYSE:SCM) last released its earnings results on Thursday, August 3rd. The investment management company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Stellus Capital Investment Corporation had a return on equity of 10.06% and a net margin of 68.17%. The business had revenue of $10.39 million for the quarter, compared to the consensus estimate of $9.99 million.

A number of research analysts have issued reports on SCM shares. ValuEngine upgraded shares of Stellus Capital Investment Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered shares of Stellus Capital Investment Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, May 13th. Finally, Keefe, Bruyette & Woods set a $15.00 target price on shares of Stellus Capital Investment Corporation and gave the stock a “hold” rating in a research report on Wednesday, May 31st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $14.00.

In other news, insider Robert T. Ladd purchased 7,400 shares of Stellus Capital Investment Corporation stock in a transaction that occurred on Tuesday, June 20th. The shares were acquired at an average price of $13.22 per share, for a total transaction of $97,828.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dean D’angelo purchased 6,500 shares of Stellus Capital Investment Corporation stock in a transaction that occurred on Tuesday, June 13th. The shares were purchased at an average price of $13.35 per share, for a total transaction of $86,775.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 29,400 shares of company stock worth $392,618. Company insiders own 4.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of SCM. Sanders Morris Harris LLC raised its stake in Stellus Capital Investment Corporation by 1.8% in the second quarter. Sanders Morris Harris LLC now owns 13,776 shares of the investment management company’s stock valued at $189,000 after buying an additional 239 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in Stellus Capital Investment Corporation during the first quarter valued at about $263,000. Wells Fargo & Company MN raised its stake in Stellus Capital Investment Corporation by 15,872.9% in the first quarter. Wells Fargo & Company MN now owns 70,760 shares of the investment management company’s stock valued at $1,030,000 after buying an additional 70,317 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in Stellus Capital Investment Corporation during the first quarter valued at about $263,000. Finally, Bank of Montreal Can purchased a new stake in Stellus Capital Investment Corporation during the second quarter valued at about $2,468,000. Institutional investors and hedge funds own 24.13% of the company’s stock.

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Shares of Stellus Capital Investment Corporation (SCM) opened at 13.56 on Tuesday. Stellus Capital Investment Corporation has a 52-week low of $10.22 and a 52-week high of $14.82. The company’s 50-day moving average price is $13.64 and its 200-day moving average price is $13.91.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.1133 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 10.03%. Stellus Capital Investment Corporation’s payout ratio is presently 64.15%.

About Stellus Capital Investment Corporation

Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company originates and invests primarily in private middle-market companies through first lien, second lien, unitranche and mezzanine debt financing, with corresponding equity co-investments. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation.

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