Stellus Capital Investment (NYSE:SCM – Get Free Report) released its quarterly earnings results on Monday. The investment management company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26, Zacks reports. The business had revenue of $22.40 million for the quarter, compared to analysts’ expectations of $22.99 million. Stellus Capital Investment had a net margin of 17.92% and a return on equity of 8.56%.
Stellus Capital Investment Stock Performance
Shares of SCM traded down $0.05 during mid-day trading on Wednesday, hitting $6.83. 120,375 shares of the company’s stock were exchanged, compared to its average volume of 198,512. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 1.04. Stellus Capital Investment has a 52 week low of $6.54 and a 52 week high of $13.55. The stock’s 50-day simple moving average is $7.50 and its 200-day simple moving average is $8.87. The firm has a market cap of $194.60 million, a price-to-earnings ratio of 11.97 and a beta of 0.70.
Stellus Capital Investment Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be issued a dividend of $0.0833 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 14.6%. Stellus Capital Investment’s dividend payout ratio (DPR) is currently 175.44%.
Analyst Ratings Changes
A number of analysts recently commented on the company. Keefe, Bruyette & Woods lowered their price objective on Stellus Capital Investment from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, July 20th. Noble Financial restated a “neutral” rating on shares of Stellus Capital Investment in a report on Wednesday. LADENBURG THALM/SH SH reduced their price objective on shares of Stellus Capital Investment from $11.00 to $10.50 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Weiss Ratings cut shares of Stellus Capital Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Finally, Loop Capital reissued a “neutral” rating on shares of Stellus Capital Investment in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Stellus Capital Investment currently has a consensus rating of “Hold” and a consensus price target of $9.25.
About Stellus Capital Investment
Stellus Capital Investment Corporation (NYSE: SCM) is a business development company that invests in privately owned, middle-market companies. The company seeks to generate income and, to a lesser extent, capital appreciation by providing financing to businesses that may have limited access to traditional sources of capital. Stellus primarily invests in senior secured loans and other debt investments, while also making select subordinated debt and equity investments. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses with experienced management teams and the potential for stable cash flow.
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