Brokerages forecast that Stellus Capital Investment Corp (NYSE:SCM) will report $10.58 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Stellus Capital Investment’s earnings, with the highest sales estimate coming in at $10.95 million and the lowest estimate coming in at $10.24 million. Stellus Capital Investment reported sales of $10.20 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.7%. The firm is scheduled to issue its next quarterly earnings report on Friday, March 9th.

According to Zacks, analysts expect that Stellus Capital Investment will report full year sales of $10.58 million for the current fiscal year, with estimates ranging from $39.10 million to $41.19 million. For the next fiscal year, analysts anticipate that the company will post sales of $47.59 million per share, with estimates ranging from $43.40 million to $51.33 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Stellus Capital Investment.

Stellus Capital Investment (NYSE:SCM) last released its quarterly earnings results on Thursday, November 9th. The investment management company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). Stellus Capital Investment had a net margin of 57.94% and a return on equity of 9.35%. The company had revenue of $9.98 million during the quarter.

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $14.00 price objective on shares of Stellus Capital Investment in a research note on Friday, November 10th. Zacks Investment Research downgraded Stellus Capital Investment from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. ValuEngine downgraded Stellus Capital Investment from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. Finally, Ladenburg Thalmann Financial Services assumed coverage on Stellus Capital Investment in a research note on Monday, September 25th. They issued a “buy” rating and a $14.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $14.50.

In other news, CEO Robert T. Ladd purchased 55,693 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of $12.47 per share, with a total value of $694,491.71. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dean D’angelo purchased 12,500 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were purchased at an average cost of $12.31 per share, with a total value of $153,875.00. Following the completion of the purchase, the director now directly owns 76,327 shares in the company, valued at $939,585.37. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 196,686 shares of company stock valued at $2,439,120. Company insiders own 4.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of SCM. Ares Management LLC raised its stake in shares of Stellus Capital Investment by 77.0% during the 2nd quarter. Ares Management LLC now owns 338,937 shares of the investment management company’s stock worth $4,646,000 after purchasing an additional 147,406 shares in the last quarter. Muzinich & Co. Inc. raised its stake in shares of Stellus Capital Investment by 23.8% during the 2nd quarter. Muzinich & Co. Inc. now owns 707,551 shares of the investment management company’s stock worth $9,701,000 after purchasing an additional 135,828 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Stellus Capital Investment during the 2nd quarter worth about $733,000. JPMorgan Chase & Co. raised its stake in shares of Stellus Capital Investment by 663.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 59,389 shares of the investment management company’s stock worth $814,000 after purchasing an additional 51,608 shares in the last quarter. Finally, OxFORD Asset Management LLP purchased a new stake in shares of Stellus Capital Investment during the 2nd quarter worth about $427,000. 27.24% of the stock is owned by institutional investors.

Shares of Stellus Capital Investment (SCM) opened at $12.48 on Wednesday. The stock has a market capitalization of $199.00, a PE ratio of 7.38 and a beta of 0.53. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.44 and a quick ratio of 0.44. Stellus Capital Investment has a one year low of $11.57 and a one year high of $14.82.

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Stellus Capital Investment Company Profile

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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