Wall Street brokerages expect that Stellus Capital Investment Corporation (NYSE:SCM) will report sales of $9.96 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Stellus Capital Investment Corporation’s earnings, with the lowest sales estimate coming in at $9.69 million and the highest estimate coming in at $10.11 million. Stellus Capital Investment Corporation posted sales of $10.20 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.4%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Stellus Capital Investment Corporation will report full year sales of $9.96 million for the current year, with estimates ranging from $38.90 million to $41.55 million. For the next year, analysts forecast that the firm will report sales of $45.74 million per share, with estimates ranging from $42.90 million to $49.23 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Stellus Capital Investment Corporation.

Stellus Capital Investment Corporation (NYSE:SCM) last issued its earnings results on Thursday, August 3rd. The investment management company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $10.39 million for the quarter, compared to analyst estimates of $9.99 million.

Several brokerages recently commented on SCM. Zacks Investment Research lowered Stellus Capital Investment Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. ValuEngine lowered Stellus Capital Investment Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Keefe, Bruyette & Woods set a $15.00 price objective on Stellus Capital Investment Corporation and gave the stock a “hold” rating in a research note on Wednesday, May 31st. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Stellus Capital Investment Corporation has an average rating of “Buy” and a consensus target price of $14.00.

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Shares of Stellus Capital Investment Corporation (SCM) opened at 13.30 on Monday. Stellus Capital Investment Corporation has a 12 month low of $10.22 and a 12 month high of $14.82. The firm has a 50-day moving average price of $13.59 and a 200 day moving average price of $13.88.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a $0.1133 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 10.22%. The ex-dividend date of this dividend is Tuesday, August 29th. Stellus Capital Investment Corporation’s dividend payout ratio is currently 64.15%.

In other Stellus Capital Investment Corporation news, Director Dean D’angelo acquired 6,500 shares of Stellus Capital Investment Corporation stock in a transaction on Tuesday, June 13th. The shares were bought at an average price of $13.35 per share, with a total value of $86,775.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert T. Ladd acquired 14,000 shares of Stellus Capital Investment Corporation stock in a transaction on Tuesday, June 13th. The stock was acquired at an average cost of $13.43 per share, for a total transaction of $188,020.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 29,400 shares of company stock worth $392,618. Insiders own 4.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Sanders Morris Harris LLC boosted 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 worth $189,000 after purchasing an additional 239 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Stellus Capital Investment Corporation during the first quarter worth $263,000. Wells Fargo & Company MN raised its position in shares of Stellus Capital Investment Corporation by 15,872.9% during the first quarter. Wells Fargo & Company MN now owns 70,760 shares of the investment management company’s stock worth $1,030,000 after acquiring an additional 70,317 shares during the last quarter. Muzinich & Co. Inc. raised its position in shares of Stellus Capital Investment Corporation by 133.4% during the first quarter. Muzinich & Co. Inc. now owns 571,723 shares of the investment management company’s stock worth $8,319,000 after acquiring an additional 326,773 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new stake in shares of Stellus Capital Investment Corporation during the first quarter worth $263,000. 26.45% of the stock is currently owned by institutional investors.

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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