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STELLUS CAPITAL INVESTMENT CORPORATION - SCM STOCK NEWS

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Stellus Capital Investment Corporation (NYSE: SCM) is an externally-managed, closed-end, non-diversified investment management company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Headquartered in Houston, Texas, Stellus Capital is dedicated to maximizing the total return for its stockholders through a combination of current income and capital appreciation.

The company primarily invests in private middle-market companies with EBITDA ranging between $5 million to $50 million. Stellus Capital employs a strategic investment approach utilizing first lien, second lien, unsecured debt, and mezzanine debt financing, often coupled with corresponding equity co-investments. The sectors targeted by the company include business services, energy, industrials, government services, healthcare, software, and specialty finance.

Stellus Capital Investment Corporation is managed by its investment adviser, Stellus Capital Management, a firm known for its financial acumen and industry expertise. The company generates revenue primarily from interest income on debt investments, capital gains, and distributions.

Recent financial performances underscore the company's robust operational strategy. For the quarter ended September 30, 2023, Stellus reported a U.S. GAAP net investment income of $0.47 per share and core net investment income of $0.49 per share, covering the regular dividend declared of $0.40 per share. The loan portfolio, valued at $886 million, is yielding 11.5%. Operating expenses were detailed at $16.3 million against an investment income of $27.2 million for the same period.

Stellus maintains a solid liquidity position with a senior secured revolving credit agreement allowing for borrowings up to $265 million, with potential expansion up to $280 million. As of September 30, 2023, $162.3 million was outstanding under this facility. The company also raised $21.9 million through its At-the-Market Program (ATM Program) during the quarter.

The Board of Directors has declared consistent monthly dividends, affirming the company's commitment to shareholder returns. For the first quarter of 2024, a total of $0.40 per share will be distributed, reflecting financial stability and consistent income generation capabilities.

Stellus Capital continues to engage in disciplined portfolio management and prudent investment strategies, ensuring sustained growth and value maximization for its investors. For more information on Stellus Capital Investment Corporation, please visit their website.

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Stellus Capital Management, LLC announced its affiliates' participation in providing senior debt financing and an equity co-investment in support of Clearview Capital’s investment in AdCellerant, a provider of outsourced digital marketing software and services. AdCellerant partners with media companies and agencies to provide outsourced execution across a range of digital marketing tactics on a white label basis, powered by UI.Marketing, a proprietary technology platform. The Company is led by an experienced management team, and Clearview Capital expressed confidence in AdCellerant’s industry-leading digital marketing capabilities and innovative technology.
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Stellus Capital Management, LLC provided senior debt financing and equity co-investment in support of Interlock Equity’s investment in evolv Consulting, a data-driven digital consulting firm specializing in business strategy, data & analytics, and digital transformation. The Company offers services to enterprise customers in the financial services, manufacturing, and healthcare industries. Interlock's Managing Director expressed excitement about the partnership and Stellus' efficiency and flexibility throughout the transaction process. Stellus' Principal highlighted evolv's rapid growth and potential for continued success.
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Stellus Capital Investment Corporation (SCM) has declared a monthly dividend of $0.1333 for January, February, and March, totaling $0.40 per share for the first quarter of 2024. The regular dividend will be paid to shareholders of record in February, March, and April 2024. The ex-dividend date, record date, and payment dates are also provided.
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Stellus Capital Management, LLC (SCM) provided senior debt financing and equity co-investment in support of Summit Park’s acquisition of Michelli Weighing & Measurement, a leading provider of test and measurement services and equipment. Michelli, founded in 1947 and headquartered in New Orleans, LA, operates 30 locations across 11 U.S. states, serving over 6,000 customers in various end markets. Summit Park plans to expand Michelli's service offering and capitalize on growth opportunities within the industrial weighing and precision measurement markets.
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Stellus Capital Investment Corporation (NYSE:SCM) announced solid operating results for Q3 2023, with U.S. GAAP net investment income of $0.47 per share and core net investment income of $0.49 per share covering the regular dividend declared of $0.40 per share. The portfolio grew by a net $5 million to $886 million at fair value, with the loan portfolio yielding 11.5% as of September 30, 2023.
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Stellus Capital Investment Corporation (NYSE: SCM) will release its financial results for the third quarter ended September 30, 2023 on Tuesday, November 7, 2023. A conference call to discuss these results will be held on Wednesday, November 8, 2023 at 10:00 AM, Central Time. The call will be led by Robert T. Ladd, CEO, and W. Todd Huskinson, CFO.
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Stellus Capital Investment Corporation declares monthly dividend of $0.1333 per share for Q4 2023.
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Stellus Capital Management hires Zachary Roberson as VP, Director of High-Net-Worth Investor Relations.
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Stellus Capital Management provides financing for BV Investment Partners' investment in The Hardenbergh Group
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Stellus Capital Management provides senior debt financing to support Gallant Capital Partners' investments in DynTek and rSolutions.
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FAQ

What is the current stock price of STELLUS CAPITAL INVESTMENT CORPORATION (SCM)?

The current stock price of STELLUS CAPITAL INVESTMENT CORPORATION (SCM) is $13.96 as of October 11, 2024.

What is the market cap of STELLUS CAPITAL INVESTMENT CORPORATION (SCM)?

The market cap of STELLUS CAPITAL INVESTMENT CORPORATION (SCM) is approximately 363.5M.

What is Stellus Capital Investment Corporation?

Stellus Capital Investment Corporation (NYSE: SCM) is an externally-managed, closed-end, non-diversified investment management company regulated as a business development company under the Investment Company Act of 1940.

What is the primary investment focus of Stellus Capital?

Stellus Capital primarily invests in private middle-market companies with EBITDA between $5 million and $50 million, using first lien, second lien, unsecured debt, mezzanine debt, and corresponding equity co-investments.

In which sectors does Stellus Capital invest?

Stellus Capital invests in various sectors including business services, energy, industrials, government services, healthcare, software, and specialty finance.

How does Stellus Capital generate revenue?

Stellus Capital generates revenue primarily through interest income on debt investments, capital gains, and distributions.

What were the recent financial results of Stellus Capital?

For the quarter ended September 30, 2023, Stellus Capital reported a U.S. GAAP net investment income of $0.47 per share and core net investment income of $0.49 per share, with a loan portfolio yield of 11.5%.

What is the current dividend policy of Stellus Capital?

For the first quarter of 2024, Stellus Capital's Board of Directors has declared a regular monthly dividend of $0.1333 per share, totaling $0.40 per share for the quarter.

What credit facilities does Stellus Capital have?

Stellus Capital has a senior secured revolving credit agreement with an aggregate borrowing limit of up to $265 million, expandable to $280 million. As of September 30, 2023, $162.3 million was outstanding under this facility.

Who manages Stellus Capital's investment activities?

Stellus Capital's investment activities are managed by its investment adviser, Stellus Capital Management.

Where can I find more information about Stellus Capital?

For more information, visit Stellus Capital's official website at www.stelluscapital.com.

How can I participate in Stellus Capital's conference calls?

To participate in Stellus Capital's conference calls, you can dial the provided phone numbers or join via the Live Webcast on their website under the Events tab.

STELLUS CAPITAL INVESTMENT CORPORATION

NYSE:SCM

SCM Rankings

SCM Stock Data

363.49M
25.98M
4.33%
14.3%
1.07%
Asset Management
Financial Services
Link
United States of America
HOUSTON