B. Riley Issues Pessimistic Estimate for SCM Earnings

Stellus Capital Investment Co. (NYSE:SCM) – Research analysts at B. Riley decreased their FY2024 EPS estimates for shares of Stellus Capital Investment in a research report issued on Monday, November 11th. B. Riley analyst B. Rowe now expects that the investment management company will post earnings per share of $1.79 for the year, down from their previous estimate of $1.89. The consensus estimate for Stellus Capital Investment’s current full-year earnings is $1.79 per share.

Stellus Capital Investment Stock Performance

Shares of SCM opened at $13.77 on Thursday. Stellus Capital Investment has a 52 week low of $12.48 and a 52 week high of $14.68. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.26 and a current ratio of 0.29. The stock has a 50 day moving average price of $13.85 and a two-hundred day moving average price of $13.90. The firm has a market capitalization of $372.59 million, a P/E ratio of 7.03 and a beta of 1.15.

Institutional Trading of Stellus Capital Investment

Several institutional investors and hedge funds have recently made changes to their positions in SCM. PSI Advisors LLC boosted its holdings in Stellus Capital Investment by 91.7% during the second quarter. PSI Advisors LLC now owns 2,300 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,100 shares during the last quarter. Chilton Capital Management LLC lifted its position in shares of Stellus Capital Investment by 15.2% during the 2nd quarter. Chilton Capital Management LLC now owns 7,600 shares of the investment management company’s stock worth $104,000 after buying an additional 1,000 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Stellus Capital Investment during the 1st quarter worth approximately $143,000. Farther Finance Advisors LLC boosted its stake in shares of Stellus Capital Investment by 27.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,106 shares of the investment management company’s stock worth $179,000 after buying an additional 2,862 shares during the last quarter. Finally, Concurrent Investment Advisors LLC bought a new position in shares of Stellus Capital Investment in the second quarter valued at approximately $211,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.1333 dividend. This represents a yield of 11.3%. The ex-dividend date is Thursday, October 31st. Stellus Capital Investment’s payout ratio is currently 81.63%.

About Stellus Capital Investment

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.