B. Riley Has Optimistic Outlook of SCM Q4 Earnings

Stellus Capital Investment Co. (NYSE:SCM) – Equities research analysts at B. Riley boosted their Q4 2024 earnings per share estimates for Stellus Capital Investment in a research report issued to clients and investors on Monday, November 11th. B. Riley analyst B. Rowe now expects that the investment management company will post earnings of $0.45 per share for the quarter, up from their prior forecast of $0.43. The consensus estimate for Stellus Capital Investment’s current full-year earnings is $1.84 per share. B. Riley also issued estimates for Stellus Capital Investment’s Q1 2025 earnings at $0.38 EPS, Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.35 EPS and FY2025 earnings at $1.49 EPS.

Stellus Capital Investment Price Performance

Shares of SCM stock opened at $13.73 on Wednesday. Stellus Capital Investment has a 1 year low of $12.48 and a 1 year 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 firm’s 50 day moving average is $13.85 and its 200-day moving average is $13.91. The firm has a market capitalization of $371.53 million, a price-to-earnings ratio of 7.01 and a beta of 1.15.

Stellus Capital Investment Dividend Announcement

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

Institutional Investors Weigh In On Stellus Capital Investment

A number of institutional investors and hedge funds have recently made changes to their positions in SCM. Magnetar Financial LLC bought a new position in Stellus Capital Investment in the second quarter valued at about $544,000. Millennium Management LLC boosted its stake in shares of Stellus Capital Investment by 285.2% in the 2nd quarter. Millennium Management LLC now owns 213,958 shares of the investment management company’s stock valued at $2,938,000 after purchasing an additional 158,415 shares during the last quarter. Condor Capital Management grew its position in shares of Stellus Capital Investment by 47.1% during the 2nd quarter. Condor Capital Management now owns 269,416 shares of the investment management company’s stock worth $3,699,000 after buying an additional 86,323 shares during the period. Marshall Wace LLP bought a new stake in shares of Stellus Capital Investment during the second quarter worth approximately $1,302,000. Finally, Raymond James & Associates lifted its holdings in Stellus Capital Investment by 2.2% in the third quarter. Raymond James & Associates now owns 228,375 shares of the investment management company’s stock valued at $3,126,000 after buying an additional 4,859 shares during the period. Institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Company Profile

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.