Ukraine proposes $100 bln US weapons deal for security guarantees - FT
Stellus Capital Investment (NYSE:SCM) Corporation’s stock has touched a 52-week low, dipping to $13.02, with InvestingPro data indicating the stock is in oversold territory based on RSI analysis. The company maintains an attractive 11.73% dividend yield and has consistently paid dividends for 14 consecutive years. Contrary to the recent price weakness, InvestingPro data shows the stock has actually delivered a 17.46% total return over the past year. Trading at a P/E ratio of 7.15 with a healthy current ratio of 1.57, the investment firm maintains solid fundamentals. Discover 8 additional exclusive ProTips and comprehensive valuation metrics with an InvestingPro subscription.
In other recent news, Stellus Capital Investment Corporation reported its fourth-quarter 2024 earnings, revealing a slight miss in both earnings per share (EPS) and revenue compared to analysts’ forecasts. The company’s EPS was $0.37, falling short of the expected $0.3957, while revenue reached $25.61 million, below the anticipated $26.54 million. Furthermore, Stellus Capital achieved a significant milestone by reaching a $1 billion investment portfolio for the first time. Despite these developments, Keefe, Bruyette & Woods maintained their Market Perform rating on Stellus Capital, with a price target of $13.50, noting that the company’s net investment income fell short of expectations. The firm’s analysis highlighted a rise in non-accruals to 8% of the portfolio, indicating potential asset quality concerns. Stellus Capital recently issued $75 million in notes due April 2030, intending to use the proceeds to repay part of its outstanding credit facility. The company plans to maintain its dividend payouts, declaring a Q1 2025 dividend of $0.40 per share, despite facing challenges such as spread compression and tariff impacts. Analysts have noted Stellus Capital’s $1.64 of spillover income as a potential buffer for future dividend payouts.
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