Stellus Capital Investment (NYSE:SCM - Get Free Report) released its quarterly earnings data on Thursday. The investment management company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02), Zacks reports. The firm had revenue of $26.00 million during the quarter, compared to analysts' expectations of $25.98 million. Stellus Capital Investment had a net margin of 16.56% and a return on equity of 14.01%. During the same period in the previous year, the business earned $0.45 earnings per share.
Stellus Capital Investment Trading Up 0.8 %
Shares of NYSE:SCM traded up $0.11 during midday trading on Friday, reaching $14.28. The company's stock had a trading volume of 114,438 shares, compared to its average volume of 125,868. The firm has a market cap of $344.58 million, a price-to-earnings ratio of 18.31 and a beta of 1.14. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.31. Stellus Capital Investment has a 1 year low of $12.19 and a 1 year high of $15.40. The business has a 50 day moving average price of $13.46 and a 200 day moving average price of $13.08.
Stellus Capital Investment Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.1333 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.20%. The ex-dividend date of this dividend is Friday, June 28th. Stellus Capital Investment's dividend payout ratio is currently 205.13%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on SCM shares. StockNews.com raised Stellus Capital Investment from a "sell" rating to a "hold" rating in a research report on Wednesday, March 13th. Oppenheimer reissued a "market perform" rating and set a $14.00 price target on shares of Stellus Capital Investment in a research report on Wednesday, March 6th. Finally, B. Riley reissued a "sell" rating and set a $12.50 price target (down previously from $13.00) on shares of Stellus Capital Investment in a research report on Wednesday, March 6th.
View Our Latest Research Report on SCM
Stellus Capital Investment Company Profile
(
Get Free Report)
Stellus Capital Investment Corporation is a business development company specializing in investments in private middle-market companies. It invests through first lien, second lien, unitranche, and mezzanine debt financing, often with a corresponding equity investment. The fund prefers to invest in US and Canada.
Further Reading
Before you consider Stellus Capital Investment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stellus Capital Investment wasn't on the list.
While Stellus Capital Investment currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
