Stellus Capital Reports Q2 2026 NII Rise, NAV Increase, and Buyback
Jul 29, 2026, 5:09 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Positive mix of higher NAV, steady NII trajectory, a new SBIC license expanding low-cost capital, and an ongoing buyback typically supports a near-term re-rating. Historically, BDCs with NAV gains and active buybacks show price gains in weeks-to-months, though forward-looking guidance and macro risk can cap upside.
AI summary
What happened, with direct paths to the underlying reporting
Stellus Capital Investment Corporation reported preliminary Q2 2026 results with NII of $0.25–$0.27 per share and NAV per share of $12.76–$12.84 as of June 30, rising 1.8–2.4% from March 31. The company secured a license for its third SBIC, enabling additional low-cost capital, and completed a $2.4 million buyback for 274,343 shares, signaling capital returns ahead of the August results release. These factors support potential per-share appreciation if earnings and value accretion persist.
SCM reports Q2 2026 preliminary NII of $0.25–$0.27 per share.
NAV per share as of 6/30/2026: $12.76–$12.84, up ~1.8–2.4%.
Portfolio fair value: $965–$975 million; repayments ~ $49 million in Q2.
On July 14, 2026, SBA licenses SCM's third SBIC; cap: $125m equity, $250m debentures.
Share buyback: 274,343 shares at $8.88; $17.6 million remain for repurchases.
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