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Stellus Capital Investment shared its earnings for last quarter, showing a profit of $0.26 per share.

ResultsRead the original at Benzinga
Bad for SCM

Stellus Capital's investment value per share fell $0.40, or 3%, after losses at specific companies; income and buybacks helped but did not erase the drop. Repayments exceeded new investments, and troubled loans remain, despite plans to expand and maintain the dividend.

SCM · Stellus Capital Investment Corporation

AI read · Bad for SCM

The AI's read

Company-specific losses cut the value of Stellus Capital's investments, and repayments were much larger than new investments. Income and buybacks helped, but did not make up for those losses. A possible third lending license and management's confidence in the dividend offer support, though some loans remain troubled.

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