What is B. Riley’s Forecast for SCM FY2024 Earnings?

Stellus Capital Investment Co. (NYSE:SCM) – Analysts at B. Riley dropped their FY2024 earnings per share estimates for Stellus Capital Investment in a research note issued to investors on Monday, November 11th. B. Riley analyst B. Rowe now forecasts that the investment management company will post earnings per share of $1.79 for the year, down from their prior estimate of $1.89. The consensus estimate for Stellus Capital Investment’s current full-year earnings is $1.74 per share.

Stellus Capital Investment Price Performance

Shares of SCM stock opened at $13.98 on Thursday. Stellus Capital Investment has a fifty-two week low of $12.48 and a fifty-two 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 firm has a market capitalization of $378.30 million, a price-to-earnings ratio of 7.13 and a beta of 1.15. The stock’s 50-day simple moving average is $13.86 and its 200-day simple moving average is $13.90.

Stellus Capital Investment Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.1333 per share. This represents a yield of 11.3%. The ex-dividend date of this dividend was Thursday, October 31st. Stellus Capital Investment’s dividend payout ratio is presently 81.63%.

Hedge Funds Weigh In On Stellus Capital Investment

Several hedge funds have recently made changes to their positions in SCM. Paloma Partners Management Co acquired a new position in Stellus Capital Investment in the 3rd quarter worth approximately $226,000. Prime Capital Investment Advisors LLC acquired a new stake in shares of Stellus Capital Investment in the third quarter worth $223,000. Concurrent Investment Advisors LLC raised its holdings in shares of Stellus Capital Investment by 17.6% during the third quarter. Concurrent Investment Advisors LLC now owns 18,096 shares of the investment management company’s stock worth $248,000 after purchasing an additional 2,704 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Stellus Capital Investment by 27.9% during the third quarter. Farther Finance Advisors LLC now owns 13,106 shares of the investment management company’s stock worth $179,000 after purchasing an additional 2,862 shares during the last quarter. Finally, PFG Investments LLC lifted its position in Stellus Capital Investment by 1.3% during the third quarter. PFG Investments LLC now owns 62,954 shares of the investment management company’s stock valued at $862,000 after purchasing an additional 792 shares during the period. 13.22% of the stock is owned by institutional investors and hedge funds.

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.