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STELLUS CAPITAL INVESTMENT CORPORATION C (NYSE: SCM)
Last Trade
4:00 p.m. - 10.88
Change
 0.04 ( 0.37%)
Shares Traded
436
Day's Volume
54,716
Book Value
NA
Price/Book
NA
Beta
1.2168
Day's Range
10.80 - 10.91
Prev Close
10.92
Open
10.90
52 Wk Range
4.10 - 15.04
EPS
1.45
PE
7.50
Quarterly Div/Shr
0.25
Ex-Div
12/14/20
Yield
9.19%
Shares Out.
19.49M
Market Cap.
212.01M
  • 1 Year Stock Performance:

CAGR - Chart the growth of a $10K investment in SCM

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Related news from
Mon, 11 Jan 2021
22:25:00 +0000
Stellus Capital Investment Corporation Prices Offering Of $100 Million Of 4.875% Notes Due 2026
Stellus Capital Investment Corporation (NYSE: SCM) ("Stellus" or "the Company") today announced that it priced a public offering of $100 million aggregate principal amount of 4.875% notes due 2026 (the "Notes") on January 11, 2021. The Notes will mature on March 30, 2026, and may be redeemed in whole or in part at any time or from time to time at the Company's option at par plus a "make-whole" premium, if applicable. The Notes will bear interest at a rate of 4.875% per year payable semi-annually on March 30 and September 30 of each year, beginning September 30, 2021.
Thu, 03 Dec 2020
01:29:59 +0000
Where Do Hedge Funds Stand On Stellus Capital Investment Corporation (SCM)?
The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
Fri, 13 Nov 2020
19:11:32 +0000
3 Big Dividend Stocks Yielding at Least 10%; Analysts Say ‘Buy’
Markets continued their upward trend this week, gaining ground since the November 3 vote. There is an optimistic view that politics will settle into a more normal pattern with a new Administration. Even so, investors have been wary this past autumn – as there is plenty to be wary about. The coronavirus has started a comeback with the advent of cooler weather, and the political uncertainty that surrounded the election has left the status of further economic stimulus packages in limbo.It’s times like these that investors start taking a renewed interest in dividend stocks. These are the classic defensive stocks, and for good reason: a reliable dividend keeps the income flowing, no matter what the markets do. Wall Street analysts have chimed in – and they are recommending high-yield dividend stocks for investors looking to find protection for their portfolio. Here, we’ll take a look at three stocks that fit a profile -- a dividend yield that gives at least 10%, and a Strong Buy rating from the analyst community.Stellus Capital (SCM)Stellus Capital offers capital solutions (read: debt financing) for companies in the lower mid-market range. These are companies that may have difficulty accessing capital through large banks; Stellus shoulders the higher risk as an investment opportunity. The capital company’s portfolio includes 67 companies, $1.6 billion in assets under management, and over $6 billion in total funds invested.Stellus has been raising its dividend payment this year. The next dividend has already been declared for December, and shows an effective increase to 31 cents per common share. This comes from combining the regular 25 cent payment with a special 6-cent dividend, and after the company paid out 25 cents per share in the previous two quarters. Counting the regular dividend, the payment annualizes to $1 per common share, and gives a yield of 10.91%.Writing from Raymond James, analyst Robert Dodd says, “Core earnings covered the base dividend in 3Q20, and a strong spillover position should cushion the dividend in 2021. We continue to view the risk /reward attractively."The analyst added, "The SCM pipeline looks robust, with ~10 portfolio companies going through various stages of due diligence. Repayments in 4Q20 could be as high as $30M - with a modest positive impact to NAV from exits above fair value marks at 3Q20.”To this end, Dodd rates SCM shares an Outperform (i.e. Buy) along with a $11 price target. This figure implies a 17% upside from current levels. (To watch Dodd’s track record, click here)Overall, Stellus’ Strong Buy analyst consensus rating is based on 4 reviews, including 3 Buys and 1 Hold. The stock is selling for $9.43 and its average price target of $10.17 suggests it has a one-year upside potential of ~8%. (See SCM stock analysis on TipRanks)WhiteHorse Finance (WHF)Next up is WhiteHorse Finance, another BDC. WhiteHorse’s focus is on small-cap companies, valued at $50 million to $350 million, and WHF’s investments are typically in the $10 million to $50 million range. WhiteHorse’s portfolio totals more than $595 million.A better outlook for the future, based on earnings recovery, has given a firm foundation to dividend payments, and WhiteHorse has kept up its 35.5 cents regular dividend. Combined with a 12.5 cent special dividend, this makes the most recent payment 48 cents per common share. The yield is a sky-high 12.29%.Oppenheimer analyst Chris Kotowski is upbeat about WhiteHorse, noting “WHF reported 3Q20 core net investment income (NII) of $0.38/share versus our $0.32 estimate and consensus' $0.29E. The bottom line was boosted by an interest recovery, but what encouraged us most was both growth and improvement in asset quality. $58.3M of funding activity was only partially offset by only $26.5M of repayments, driving ~8.8% linked-quarter growth in investments alongside mark appreciation."The 5-star analyst added, "Management seemed optimistic about the outlook for loan growth, saying that it was perhaps the best environment they had seen since 2012–2013, and they clearly have the capacity to put capital to work. The current gross leverage of 0.94x (and net 0.87x) sits below management's 1.00–1.25x target leverage, leaving ample room for growth in coming quarters amidst a strong investment pipeline."As a result, Kotowski gives the stock an Outperform (i.e. Buy) rating, and his $15 price target implies a robust 29% upside for the year ahead. (To watch Kotowski’s track record, click here)Overall, WhiteHorse has a unanimous Strong Buy analyst consensus rating, with 3 buy-side reviews on record. The stock is currently priced at $11.65 and its $13.25 average price target suggests it has a one-year upside of 14%. (See WHF stock analysis on TipRanks)Capital Southwest Corporation (CSWC)Last but not least is Capital Southwest, another Texas-based company in the business development sector. CSWC focuses on lending and credit options for mid-market companies. Capital Southwest boasts a portfolio featuring $664 million invested into 69 companies, and has over $150 million in liquidity available.Revenues have been recovering since going negative in Q1, at the height of the corona crisis. Sequential gains in both Q1 and Q2 have brought quarterly revenues to $21 million, while earnings in Q3 showed a strong spike to 45 cents per share, the highest value in over two years.Rising earnings have allowed Capital Southwest to keep up its history of reliable dividend payments. The company raised its dividend going into 2020, and has maintained the 51-cent payment all year. The 10.5% yield is more than 4x higher than the average found among financial sector peer companies, bringing CSWC to the attention of dividend investors.Among CSWC's fans is JMP analyst Devin Ryan, who rates the stock a Buy and gives it a $17 price target. (To watch Ryan's track record, click here)"Overall, we think results for the quarter were strong and that Capital Southwest is one of the most attractive ways to gain exposure to lower-middle-market direct originations. We highlight improving credit quality, strong portfolio growth, a solid pipeline of deal flow, sustainable core/supplemental dividends and management’s focus on expenses as reasons we think the stock is positioned to outperform," Ryan opined.All in all, CSWC has a Strong Buy rating from the analyst consensus, with 3 recent Buy reviews and 1 Hold. Shares have an average price target of $15.67, which is almost flat compared to the current trading price. The real return here is in the dividend. (See CSWC stock analysis at TipRanks)
Fri, 30 Oct 2020
13:30:00 +0000
Stellus Capital Investment Corp. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / October 30, 2020 / Stellus Capital Investment Corp.
Fri, 30 Oct 2020
13:02:31 +0000
Recap: Stellus Capital Investment Q3 Earnings
Shares of Stellus Capital Inv (NYSE:SCM) fell 0.6% after the company reported Q3 results.Quarterly Results Earnings per share fell 17.14% year over year to $0.29, which beat the estimate of $0.26.Revenue of $14,017,000 declined by 9.66% year over year, which beat the estimate of $13,860,000.Outlook Earnings guidance hasn't been issued by the company for now.Stellus Capital Inv hasn't issued any revenue guidance for the time being.Conference Call Details Date: Oct 30, 2020View more earnings on SCMTime: 11:00 AMET Webcast URL: https://www.stelluscapital.com/public-investors/reports-presentations/Price Action 52-week high: $15.0452-week low: $4.10Price action over last quarter: Up 2.88%Company Description Stellus Capital Investment Corp is a closed-end, non-diversified management investment company. Its objective is to maximize the total return to its stockholders in the form of current income and capital appreciation. It invests through first lien, second lien, unitranche, and mezzanine debt financing, often with a corresponding equity investment. The company invests in various sectors, such as business services, energy, general industrial, government services, healthcare, software and specialty finance. Business activity of the firm is functioned through the United States and it generates revenue in the form of interest income on debt investments and capital gains and distributions.See more from Benzinga * Click here for options trades from Benzinga * Earnings Scheduled For October 30, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Fri, 30 Oct 2020
11:30:11 +0000
Stellus Capital (SCM) Tops Q3 Earnings and Revenue Estimates
Stellus Capital (SCM) delivered earnings and revenue surprises of 11.54% and 0.53%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Fri, 30 Oct 2020
10:00:00 +0000
Stellus Capital Investment Corporation Reports Results for its Third Fiscal Quarter Ended September 30, 2020
Stellus Capital Investment Corporation (NYSE: SCM) ("Stellus" or "the Company") today announced financial results for its third fiscal quarter ended September 30, 2020.
Fri, 23 Oct 2020
16:30:04 +0000
Earnings Preview: Stellus Capital (SCM) Q3 Earnings Expected to Decline
Stellus Capital (SCM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Mon, 19 Oct 2020
20:15:00 +0000
Stellus Capital Investment Corporation to Report Third Quarter 2020 Financial Results and Hold Conference Call
Stellus Capital Investment Corporation (NYSE: SCM) will release its financial results for the quarter ended September 30, 2020 on Friday, October 30, 2020, before the market opens.
Mon, 21 Sep 2020
09:15:00 +0000
Stellus Capital Investment Corporation Amends and Extends Its Revolving Credit Facility
Stellus Capital Investment Corporation (the "Company") (NYSE: SCM) announced today that on September 18, 2020 it entered into an amendment and extension of its $230 million Senior Secured Revolving Credit Agreement (the "Facility"). The Company extended the commitment termination date of the Facility to September 18, 2024 with a final maturity of September 18, 2025, and amended certain covenants and conditions of the Facility, including a reduction in the required asset coverage. The Facility was led by Zions Bancorporation, N.A. dba Amegy Bank, and includes a total of 10 bank participants. Pricing and advance rates remain unchanged on the Facility, except for the addition of a LIBOR floor of 0.25%.
Tue, 15 Sep 2020
09:00:00 +0000
Stellus Capital Investment Corporation Declares Fourth Quarter 2020 Regular Dividend of $0.25 Per Share and Special Dividend of $0.06 Per Share
Stellus Capital Investment Corporation (the "Company") (NYSE: SCM) announced that on September 13, 2020, its Board of Directors declared a regular quarterly dividend for the fourth quarter of 2020 of $0.25 per share and a special dividend of $0.06 per share.
Tue, 04 Aug 2020
10:00:00 +0000
Stellus Capital Investment Corporation Declares Third Quarter 2020 Regular Dividend of $0.25 Per Share
Stellus Capital Investment Corporation (the "Company") (NYSE: SCM) announced that on July 29, 2020, its Board of Directors declared a regular quarterly dividend for the third quarter of 2020 of $0.25 per share.
Fri, 31 Jul 2020
11:54:02 +0000
Recap: Stellus Capital Investment Q2 Earnings
Shares of Stellus Capital Investment (NYSE:SCM) were flat in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share fell 3.45% year over year to $0.28, which beat the estimate of $0.24.Revenue of $13,841,000 decreased by 2.32% year over year, which missed the estimate of $14,530,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: Jul 31, 2020View more earnings on SCMTime: 11:00 AMET Webcast URL: http://www.stelluscapital.com/cgi-bin/credit/corporation/reports.plPrice Action Company's 52-week high was at $15.04Company's 52-week low was at $4.10Price action over last quarter: Up 2.37%Company Profile Stellus Capital Investment Corp is a closed-end, non-diversified management investment company. Its objective is to maximize the total return to its stockholders in the form of current income and capital appreciation. It invests through first lien, second lien, unitranche, and mezzanine debt financing, often with a corresponding equity investment. The company invests in various sectors, such as business services, energy, general industrial, government services, healthcare, software and specialty finance. Business activity of the firm is functioned through the United States and it generates revenue in the form of interest income on debt investments and capital gains and distributions.See more from Benzinga * Earnings Scheduled For July 31, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Fri, 31 Jul 2020
11:30:11 +0000
Stellus Capital (SCM) Surpasses Q2 Earnings Estimates
Stellus Capital (SCM) delivered earnings and revenue surprises of 20.83% and -4.50%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Fri, 31 Jul 2020
10:00:00 +0000
Stellus Capital Investment Corporation Reports Results for its Second Fiscal Quarter Ended June 30, 2020
Stellus Capital Investment Corporation (NYSE: SCM) ("Stellus" or "the Company") today announced financial results for its second fiscal quarter ended June 30, 2020.
Fri, 24 Jul 2020
16:30:04 +0000
Analysts Estimate Stellus Capital (SCM) to Report a Decline in Earnings: What to Look Out for
Stellus Capital (SCM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wed, 22 Jul 2020
23:33:00 +0000
Stellus Capital Investment Corporation to Report Second Quarter 2020 Financial Results and Hold Conference Call
Stellus Capital Investment Corporation (NYSE: SCM) will release its financial results for the quarter ended June 30, 2020 on Friday, July 31, 2020, before the market opens.
Wed, 08 Jul 2020
10:00:00 +0000
Stellus Capital Investment Corporation Provides an Update on its Second Fiscal Quarter Results
Stellus Capital Investment Corporation (NYSE: SCM) ("Stellus" or "the Company") today provided an update for its second fiscal quarter ended June 30, 2020. Prior to reporting second quarter results later in July, Stellus reports the following:
Wed, 01 Jul 2020
17:57:32 +0000
Edited Transcript of SCM earnings conference call or presentation 12-May-20 3:00pm GMT
Q1 2020 Stellus Capital Investment Corp Earnings Call
Wed, 01 Jul 2020
10:00:00 +0000
Stellus Capital Investment Corporation Declares Second Quarter 2020 Regular Dividend of $0.25 Per Share
Stellus Capital Investment Corporation (the "Company") (NYSE: SCM) announced that yesterday its Board of Directors has declared a regular quarterly dividend for the second quarter of 2020 of $0.25 per share. As previously reported, the Company has changed the frequency of dividend payments from monthly to quarterly. "In light of the lower interest rate environment the Company is experiencing, we believe a dividend of $0.25 per share is appropriate for the second quarter. For the third quarter of 2020, we expect to declare the dividend by September 30th", said Robert T. Ladd, Chief Executive Officer of the Company.

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Stellus Capital Investment Corporation C (SCM)