Stellus Capital Investment (SCM) Tops Q3 EPS by 4c

Stellus Capital Investment (NYSE: SCM) reported Q3 EPS of $0.35, $0.04 better than the analyst estimate of $0.31.

"We posted another strong quarter of earnings in which we generated realized income of $12 million, or $0.63 per share, as compared to our dividend of $0.34 per share. Core net investment income was $0.35 per share. Year to date we have generated realized income of $34.7 million, or $1.92 per share, as compared to our distributions of $1.02 per share. We also had an active quarter of originations in which our portfolio, at fair value, increased $55.3 million to $586.4 million, including fundings of $94.7 million and repayments of $43.0 million. Finally, in August we received a license to operate our second SBIC subsidiary, which provides long-term, cost effective capital for us to grow," said Robert T. Ladd, Chief Executive Officer of Stellus Capital.

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

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