B. Riley Research Analysts Cut Earnings Estimates for SCM

Stellus Capital Investment Co. (NYSE:SCM) – Investment analysts at B. Riley reduced their FY2024 earnings per share estimates for Stellus Capital Investment in a report released on Monday, November 11th. B. Riley analyst B. Rowe now expects that the investment management company will earn $1.79 per share 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. The firm’s fifty day simple moving average is $13.85 and its two-hundred day simple moving average is $13.90. Stellus Capital Investment has a 12 month low of $12.48 and a 12 month high of $14.68. The company has a current ratio of 0.29, a quick ratio of 0.26 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $372.59 million, a P/E ratio of 7.03 and a beta of 1.15.

Stellus Capital Investment Announces Dividend

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

Institutional Trading of Stellus Capital Investment

Several large investors have recently modified their holdings of the stock. PSI Advisors LLC grew its holdings in Stellus Capital Investment by 91.7% in 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 period. Chilton Capital Management LLC grew its stake in shares of Stellus Capital Investment by 15.2% in the 2nd quarter. Chilton Capital Management LLC now owns 7,600 shares of the investment management company’s stock valued at $104,000 after buying an additional 1,000 shares during the period. Virtu Financial LLC bought a new stake in Stellus Capital Investment in the 1st quarter valued at about $143,000. Farther Finance Advisors LLC increased its position in 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 valued at $179,000 after buying an additional 2,862 shares in the last quarter. Finally, Concurrent Investment Advisors LLC bought a new position in Stellus Capital Investment in the second quarter worth approximately $211,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

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.