Stellus Capital Investment (NYSE:SCM) Reports Quarterly Results, Beats Expectations of $0.02 per EPS
Stellus Capital Investments (NYSE: SCM – Get a rating) released its financial results on Wednesday. The investment management firm reported earnings per share (EPS) of $0.28 for the quarter, missing the $0.30 consensus estimate of ($0.02), Loyalty Earnings reports. Stellus Capital Investment posted a net margin of 52.72% and a return on equity of 8.57%. In the same quarter last year, the company earned earnings per share of $0.28.
SCM stock traded down $0.21 at midday on Friday, hitting $12.68. 88,044 shares of the company were traded, against an average volume of 68,506. The company has a 50-day simple moving average of $13.75 and a 200-day simple moving average of $13.61. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt ratio of 1.20. The stock has a market capitalization of $253.33 million, a PE ratio of 7.25 and a beta of 1.16. Stellus Capital Investment has a 1 year minimum of $12.10 and a 1 year maximum of $14.74.
The company also recently announced a monthly dividend, which will be paid on Friday, July 15. Shareholders of record on Thursday, June 30 will receive a dividend of $0.0933 per share. The ex-date of this dividend is Wednesday, June 29. This represents an annualized dividend of $1.12 and a yield of 8.83%. Stellus Capital Investment’s dividend payout ratio (DPR) is currently 64.00%.
A number of hedge funds have recently changed their holdings of MGS. Wells Fargo & Company MN increased its position in Stellus Capital Investment shares by 23.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,915 shares of the investment management firm valued at $129,000 after buying an additional 1,915 shares last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Stellus Capital Investment in the first quarter valued at approximately $163,000. LPL Financial LLC increased its position in shares of Stellus Capital Investment by 7.1% in the fourth quarter. LPL Financial LLC now owns 12,600 shares of the investment management company valued at $164,000 after buying 831 additional shares last quarter. Morgan Stanley raised its position in shares of Stellus Capital Investment by 5.5% in the first quarter. Morgan Stanley now owns 27,491 shares of the investment management company valued at $349,000 after buying an additional 1,425 shares last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in Stellus Capital Investment shares by 47.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 27,279 shares of the investment management company valued at $379,000 after buying 8,784 more shares last quarter. Hedge funds and other institutional investors own 16.41% of the company’s shares.
Several equity research analysts have recently released SCM stock reports. Zacks Investment Research downgraded shares of Stellus Capital Investment from a “buy” rating to a “hold” rating in a Wednesday, May 4 research note. The Hovde Group downgraded shares of Stellus Capital Investment from an “outperforming” rating to a “market performing” rating in a Wednesday, March 23 research note. To finish, StockNews.com purported coverage of Stellus Capital Investment shares in a Thursday, March 31, research note. They issued a “hold” rating for the company. Three analysts rated the stock with a hold rating and two gave the company a buy rating. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.17.
Stellus Capital Investment Company Profile (Get a rating)
Stellus Capital Investment Corporation is a business development firm specializing in investing in middle market private companies. It invests through senior, second-tier, unitranche and mezzanine debt, often with a matching equity investment. The fund prefers to invest in the United States and Canada.
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