Stellus Capital's Q2 net investment income per share falls

Stellus Capital Investment

10/08/2026 22:23

Overview
U.S. business development company reported fiscal Q2 net investment income per share fell yr/yr
Company repurchased 274,343 shares under buyback program during fiscal Q2
Net asset value per share remained steady

Result Drivers
LOWER INVESTMENT INCOME - Co said investment income fell to $22.3 mln from $25.7 mln in the prior yr qtr, mainly due to lower interest income from portfolio investments
HIGHER REALIZED LOSSES - Co reported net realized losses on investments of $7.2 mln in Q2, up from $0.9 mln a yr ago
NET PORTFOLIO REDUCTION - Repayments of $49 mln exceeded new investments of $18 mln, resulting in a smaller investment portfolio

Company press release: ID:nPnbwDlqKa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Asset Value Per Share
 
$12.80
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the closed end funds peer group is "hold"
Wall Street's median 12-month price target for Stellus Capital Investment Corp is $11.00, about 29.9% above its August 10 closing price of $8.47
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)