Stellus Capital Reports Solid Year-End Results

Stellus Capital Investment ( (SCM) ) has released its Q4 earnings. Here is a breakdown of the information Stellus Capital Investment presented to its investors.

Stellus Capital Investment Corporation is an externally managed, closed-end, non-diversified investment management company that primarily invests in private middle-market companies through various debt and equity instruments. The company recently reported its financial results for the fourth fiscal quarter and year ended December 31, 2024, highlighting solid operating performance and significant investment activity.

In the recent quarter, Stellus Capital reported a net investment income of $0.35 per share and core net investment income of $0.37 per share. The company funded $109 million in new investments while receiving $65 million in repayments, bringing the total portfolio value to $953 million. Stellus Capital has distributed a total of $288 million to investors since its inception, equivalent to $16.69 per share.

Key financial metrics for the year include a net investment income of $41.93 million, or $1.64 per share, and core net investment income of $43.74 million, or $1.71 per share. The company also experienced a net increase in net assets resulting from operations totaling $45.84 million. The portfolio’s weighted average yield on total investments decreased to 9.7% from 11.1% in the previous year.

Looking ahead, Stellus Capital remains focused on maximizing total return for its stockholders through strategic investments in middle-market companies. The management’s outlook suggests a continued emphasis on expanding its investment portfolio while maintaining a strong financial position.