Stellus Capital Investment (NYSE:SCM) issued its earnings results on Tuesday. The investment management company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.03), Bloomberg Earnings reports. Stellus Capital Investment had a net margin of 57.94% and a return on equity of 9.35%.
Stellus Capital Investment (SCM) opened at $11.43 on Wednesday. Stellus Capital Investment has a 12 month low of $11.07 and a 12 month high of $14.82. The company has a market capitalization of $185.13, a price-to-earnings ratio of 8.86 and a beta of 0.53. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.50.
The company also recently declared a monthly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be paid a $0.1133 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.90%. The ex-dividend date is Wednesday, March 28th. Stellus Capital Investment’s payout ratio is 80.95%.
SCM has been the topic of a number of research analyst reports. ValuEngine downgraded Stellus Capital Investment from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $13.00 target price on shares of Stellus Capital Investment in a report on Tuesday. Finally, Zacks Investment Research downgraded Stellus Capital Investment from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $14.17.
In other news, Director Dean D’angelo purchased 12,500 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was bought at an average cost of $12.31 per share, for a total transaction of $153,875.00. Following the purchase, the director now owns 76,327 shares of the company’s stock, valued at $939,585.37. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is currently owned by corporate insiders.
About Stellus Capital Investment
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.