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Earnings
Stellus Capital reports Q4 core NII 28c, consensus 27c » 05:26
03/05/21
03/05
05:26
03/05/21
05:26
SCM

Stellus Capital

$11.95 /

-0.1 (-0.83%)

Reports Q4 net asset…

Reports Q4 net asset value per share $14.03. Reports Q4 total assets 674.9M. In describing the company's 2020 activities, Robert Ladd, chairman and CEO of the company, stated, "I am pleased to report that our portfolio has performed well throughout the unprecedented pandemic and that our net asset value has risen back above $14.00 per share. As we have just completed our eighth full year of operations, our shareholders have received $10.99 per share of dividends life-to-date. During 2020, we paid dividends of $1.15 per share and significantly improved our liquidity and available capital position through the upsize and extension of our bank facility through September 2025, the issuance in January 2021 of $100 million of 4.875% bonds due 2026 and the continued funding of equity into our second SBIC license. For 2021, we have seen an increase in investment opportunities and as a result have funded $58 million on a cost basis since year-end 2020, increasing our investment portfolio by $43 million over the same period, net of payoffs."

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SCM Stellus Capital
$11.95 /

-0.1 (-0.83%)

SCM Stellus Capital
$11.95 /

-0.1 (-0.83%)

05/06/20
Fly Intel: Top five analyst initiations
05/06/20 National Securities
Stellus Capital initiated with a Neutral at National Securities
04/01/20 Janney Montgomery Scott
Janney Montgomery Scott downgrades four BDCs based on COVID-19 recession
04/01/20 Janney Montgomery Scott
Stellus Capital downgraded to Neutral from Buy at Janney Montgomery Scott
SCM Stellus Capital
$11.95 /

-0.1 (-0.83%)

Over a quarter ago
Earnings
Stellus Capital reports Q3 NII 27c, consensus 26c » 06:10
10/30/20
10/30
06:10
10/30/20
06:10
SCM

Stellus Capital

$8.27 /

+0.27 (+3.38%)

Reports Q3 core NII 29c…

Reports Q3 core NII 29c vs. 35c last year. Reports Q3 total realized income per share 28c. "I am pleased to report that our asset quality remains stable and that our third quarter net investment income of $0.27 per share exceeded the regular third quarter distribution of $0.25 per share. In addition, during the quarter, we extended the commitment termination date of our $230 million bank 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," reported Robert Ladd, CEO of Stellus Capital.

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SCM Stellus Capital
$8.27 /

+0.27 (+3.38%)

SCM Stellus Capital
$8.27 /

+0.27 (+3.38%)

05/06/20
Fly Intel: Top five analyst initiations
05/06/20 National Securities
Stellus Capital initiated with a Neutral at National Securities
04/01/20 Janney Montgomery Scott
Janney Montgomery Scott downgrades four BDCs based on COVID-19 recession
04/01/20 Janney Montgomery Scott
Stellus Capital downgraded to Neutral from Buy at Janney Montgomery Scott
SCM Stellus Capital
$8.27 /

+0.27 (+3.38%)

Hot Stocks
Stellus Capital declares special dividend of 6c per share » 05:34
09/15/20
09/15
05:34
09/15/20
05:34
SCM

Stellus Capital

$8.70 /

+0.275 (+3.26%)

The record date for the…

The record date for the dividend is December 15 and the payment date is December 29.

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SCM Stellus Capital
$8.70 /

+0.275 (+3.26%)

SCM Stellus Capital
$8.70 /

+0.275 (+3.26%)

05/06/20
Fly Intel: Top five analyst initiations
05/06/20 National Securities
Stellus Capital initiated with a Neutral at National Securities
04/01/20 Janney Montgomery Scott
Janney Montgomery Scott downgrades four BDCs based on COVID-19 recession
04/01/20 Janney Montgomery Scott
Stellus Capital downgraded to Neutral from Buy at Janney Montgomery Scott
SCM Stellus Capital
$8.70 /

+0.275 (+3.26%)

Earnings
Stellus Capital reports Q2 NII 28c, consensus 24c » 06:15
07/31/20
07/31
06:15
07/31/20
06:15
SCM

Stellus Capital

$7.35 /

+0.04 (+0.55%)

Reports Q2 core NII 29c…

Reports Q2 core NII 29c vs, 58c last year. Reports Q2 total realized income per share 8c. "The second quarter brought very positive results for the Company: net investment income of $0.28 per share exceeded distributions of $0.25 per share, net asset value increased by 15%, or $1.79 per share, and liquidity and access to funding exceeded $45 million. Given the stabilization of asset quality, capital base and liquidity, the Company is declaring a regular dividend of $0.25 per share for the third quarter," reported Robert Ladd, CEO of Stellus Capital.

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SCM Stellus Capital
$7.35 /

+0.04 (+0.55%)

SCM Stellus Capital
$7.35 /

+0.04 (+0.55%)

05/06/20
Fly Intel: Top five analyst initiations
05/06/20 National Securities
Stellus Capital initiated with a Neutral at National Securities
04/01/20 Janney Montgomery Scott
Janney Montgomery Scott downgrades four BDCs based on COVID-19 recession
04/01/20 Janney Montgomery Scott
Stellus Capital downgraded to Neutral from Buy at Janney Montgomery Scott
SCM Stellus Capital
$7.35 /

+0.04 (+0.55%)

Hot Stocks
Stellus Capital provides update on Q2 » 06:07
07/08/20
07/08
06:07
07/08/20
06:07
SCM

Stellus Capital

$7.96 /

-0.37 (-4.44%)

Stellus Capital provided…

Stellus Capital provided an update for Q2. Prior to reporting Q2 results later in July, Stellus reports that all borrowers that were on accrual status at April 1 made their required payments during Q2 and no new non-accruals have been added since April 1. The company announced a 25c per share dividend for the quarter. Net asset value is expected to increase for Q2 based on tightening credit spreads since March 31. Borrowings under the credit facility at June 30 were $185M, a decline of $25M since March 31 with approximately $45M of unused borrowing capacity. Cash balances at June 30 were approximately $23M of which approximately $19.5M was at the SBIC subsidiaries and unfunded commitments were approximately $27.6M at June 30.

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SCM Stellus Capital
$7.96 /

-0.37 (-4.44%)

SCM Stellus Capital
$7.96 /

-0.37 (-4.44%)

05/06/20
Fly Intel: Top five analyst initiations
05/06/20 National Securities
Stellus Capital initiated with a Neutral at National Securities
04/01/20 Janney Montgomery Scott
Janney Montgomery Scott downgrades four BDCs based on COVID-19 recession
04/01/20 Janney Montgomery Scott
Stellus Capital downgraded to Neutral from Buy at Janney Montgomery Scott
SCM Stellus Capital
$7.96 /

-0.37 (-4.44%)

Hot Stocks
Stellus Capital adjusts Q2 dividend to 25c citing lower interest rate enviroment » 12:01
07/01/20
07/01
12:01
07/01/20
12:01
SCM

Stellus Capital

$7.40 /

+0.08 (+1.09%)

Stellus Capital…

Stellus Capital Investment announced that yesterday its Board of Directors has declared a regular quarterly dividend for the second quarter of 2020 of 25c 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 25c 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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SCM Stellus Capital
$7.40 /

+0.08 (+1.09%)

SCM Stellus Capital
$7.40 /

+0.08 (+1.09%)

05/06/20
Fly Intel: Top five analyst initiations
05/06/20 National Securities
Stellus Capital initiated with a Neutral at National Securities
04/01/20 Janney Montgomery Scott
Janney Montgomery Scott downgrades four BDCs based on COVID-19 recession
04/01/20 Janney Montgomery Scott
Stellus Capital downgraded to Neutral from Buy at Janney Montgomery Scott
SCM Stellus Capital
$7.40 /

+0.08 (+1.09%)

Earnings
Stellus Capital reports Q1 NII per share 32c, consensus 32c » 06:05
05/12/20
05/12
06:05
05/12/20
06:05
SCM

Stellus Capital

$7.35 /

-0.16 (-2.13%)

Reports Q1 total realized…

Reports Q1 total realized income per share 39c vs. 90c last year. Reports Q1 core NII per share 29c vs. 34c last year. Reports Q1 net assets $224.9M vs. $270.6M last year. "First of all, I am pleased to report that our team is healthy and has been working remotely since mid-March with no disruption to our operations. With respect to our results, realized income in the first quarter of 39c per share, which included a realized gain of 7c per share, more than covered our dividend for the quarter of 34c. However, with the economic impact from the onset of the COVID-19 pandemic, credit spreads widened in March, leading, in part, to unrealized losses in the quarter of $2.65 per share", reported Robert Ladd, CEO of Stellus Capital.

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SCM Stellus Capital
$7.35 /

-0.16 (-2.13%)

SCM Stellus Capital
$7.35 /

-0.16 (-2.13%)

05/06/20
Fly Intel: Top five analyst initiations
05/06/20 National Securities
Stellus Capital initiated with a Neutral at National Securities
04/01/20 Janney Montgomery Scott
Janney Montgomery Scott downgrades four BDCs based on COVID-19 recession
04/01/20 Janney Montgomery Scott
Stellus Capital downgraded to Neutral from Buy at Janney Montgomery Scott
SCM Stellus Capital
$7.35 /

-0.16 (-2.13%)

Initiation
Fly Intel: Top five analyst initiations » 10:08
05/06/20
05/06
10:08
05/06/20
10:08
FRBA

First Bank

$7.39 /

+ (+0.00%)

, FICO

Fair Isaac

$358.00 /

+4.87 (+1.38%)

, SCM

Stellus Capital

$7.09 /

+0.4 (+5.98%)

, TXRH

Texas Roadhouse

$44.33 /

+0.67 (+1.53%)

, SCOTF

Scout24

$0.00 /

+ (+0.00%)

Catch up on today's…

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. First Bank (FRBA) initiated with a Buy at DA Davidson. 2. Fair Isaac (FICO) initiated with a Buy at Needham. 3. Stellus Capital (SCM) initiated with a Neutral at National Securities. 4. Texas Roadhouse (TXRH) resumed with an Overweight at Stephens. 5. Scout24 (SCOTF) resumed with an Equal Weight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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FRBA First Bank
$7.39 /

+ (+0.00%)

05/05/20 DA Davidson
First Bank initiated with a Buy at DA Davidson
05/05/20 DA Davidson
First Bank initiated with a Buy at DA Davidson
FICO Fair Isaac
$358.00 /

+4.87 (+1.38%)

05/06/20 Needham
Fair Isaac initiated with a Buy at Needham
04/30/20 Baird
Fair Isaac price target raised to $400 from $334 at Baird
04/30/20 Jefferies
Jefferies 'confounded' by post-earnings rally in Fair Isaac shares
04/24/20 Jefferies
Fair Isaac price target lowered to $311 from $377 at Jefferies
SCM Stellus Capital
$7.09 /

+0.4 (+5.98%)

05/06/20 National Securities
Stellus Capital initiated with a Neutral at National Securities
04/01/20 Janney Montgomery Scott
Janney Montgomery Scott downgrades four BDCs based on COVID-19 recession
04/01/20 Janney Montgomery Scott
Stellus Capital downgraded to Neutral from Buy at Janney Montgomery Scott
08/12/19
Stellus Capital downgraded to Perform at Oppenheimer
TXRH Texas Roadhouse
$44.33 /

+0.67 (+1.53%)

05/06/20 Stephens
Texas Roadhouse resumed with an Overweight at Stephens
05/06/20 Deutsche Bank
Texas Roadhouse price target lowered to $47 from $60 at Deutsche Bank
05/05/20 Loop Capital
Texas Roadhouse price target lowered to $54 from $66 at Loop Capital
04/23/20 BMO Capital
Texas Roadhouse upgraded to Market Perform from Underperform at BMO Capital
SCOTF Scout24
$0.00 /

+ (+0.00%)

05/06/20 Morgan Stanley
Scout24 resumed with an Equal Weight at Morgan Stanley
Initiation
Stellus Capital initiated with a Neutral at National Securities » 06:35
05/06/20
05/06
06:35
05/06/20
06:35
SCM

Stellus Capital

$6.69 /

-0.42 (-5.91%)

National Securities…

National Securities initiated coverage of Stellus Capital with a Neutral rating and $8 price target.

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SCM Stellus Capital
$6.69 /

-0.42 (-5.91%)

04/01/20 Janney Montgomery Scott
Janney Montgomery Scott downgrades four BDCs based on COVID-19 recession
04/01/20 Janney Montgomery Scott
Stellus Capital downgraded to Neutral from Buy at Janney Montgomery Scott
08/12/19
Stellus Capital downgraded to Perform at Oppenheimer
08/11/19 Oppenheimer
Stellus Capital downgraded to Perform from Outperform at Oppenheimer
Over a year ago
Hot Stocks
Stellus Capital to transition to quarterly dividend » 19:51
04/20/20
04/20
19:51
04/20/20
19:51
SCM

Stellus Capital

$8.25 /

-0.405 (-4.68%)

Stellus Capital announced…

Stellus Capital announced that it will change its dividend payment schedule from monthly to quarterly beginning with the quarter ended June 30, 2020 to better match the dividend with the timing of income received by the company. Upon approval by the Board of Directors, the company will announce the details of a dividend for the second quarter of 2020 at a later date. The company previously paid an aggregate of 34c per share through a monthly dividend of 11.33c per share for the first quarter of 2020. Moving to a quarterly dividend payment schedule will allow the company more time to better understand the impact that the COVID-19 pandemic has on our portfolio companies' liquidity and operations.

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SCM Stellus Capital
$8.25 /

-0.405 (-4.68%)

04/01/20 Janney Montgomery Scott
Janney Montgomery Scott downgrades four BDCs based on COVID-19 recession
04/01/20 Janney Montgomery Scott
Stellus Capital downgraded to Neutral from Buy at Janney Montgomery Scott
08/12/19
Stellus Capital downgraded to Perform at Oppenheimer
08/11/19 Oppenheimer
Stellus Capital downgraded to Perform from Outperform at Oppenheimer

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