Stellus Capital Pre-Announces Q2 NII of $0.25-$0.27, NAV Up 2%, and New SBA License
SCM is trading near its 52-week low of $6.83 (4.8% above the low).
Summary
Stellus Capital pre-announced Q2 2026 net investment income of $0.25-$0.27 per share, with NAV rising to $12.76-$12.84 — a 1.8%-2.4% increase from March 31. The portfolio shrank slightly to $965M-$975M after $49M in repayments outpaced $18M in new fundings. Non-accruals improved: one loan returned to performing status, and the non-accrual ratio fell to 5.4% of fair value. The company also secured an SBA license for a third SBIC, unlocking up to $250M in low-cost debentures, and repurchased 274K shares at $8.88. This follows a sharp Q1 decline and a dividend cut earlier this year; the Q2 rebound in NAV and NII, combined with the new SBIC capacity, suggests stabilization and potential for improved earnings power. Full results are due August 10, with a conference call on August 11.
At the time of this announcement, SCM was trading at $7.16 on NYSE in the Finance sector, with a market capitalization of approximately $205.2M. The 52-week trading range was $6.83 to $15.04. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.