Stellus Capital Investment (SCM) Reports In-Line Q1 EPS

Stellus Capital Investment (NYSE: SCM) reported Q1 EPS of $0.28, in-line with the analyst estimate of $0.28.

Robert T. Ladd, Chief Executive Officer of Stellus, stated, "I am pleased to report that our first quarter net investment income of $0.26 per share covered our dividend of $0.25 per share. Core net investment income was $0.28 per share. Our portfolio at fair value grew to over $714 million, largely due to strong deployment of $93 million during the period. We are seeing a robust pipeline in early 2021 and have already closed $19 million of investments since the end of the first quarter. We also continue to have available capital at favorable terms in which to grow through our SBIC licenses and our issuance of $100 million of institutional bonds at a 4.875% coupon. These bonds are due in March 2026, and the proceeds were used to retire our bonds maturing in 2022 while providing approximately $50 million of new capital for investment."

For earnings history and earnings-related data on Stellus Capital Investment (SCM) click here.

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