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SCM on NYSE

Stellus Capital Investment Corp

Corporation registered in the United States, active since 20122

In its 2026 annual report the company says: “We are an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. We originate and invest primarily in private U.S. lower middle-market companies (typically those with $5 million to $50 million of EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien (including unitranche), second lien, and unsecured debt financing, often with corresponding equity co-investments.”10 It is headquartered in Baltimore, United States.2 Its shares trade on NYSE under the symbol SCM.2

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Last updated Oct 21, 2026.

Overview

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  • TickerSCM on NYSE2
  • HeadquartersBaltimore, United States2
  • Incorporated inMD3
  • Business address4400 Post Oak Parkway, Suite 2200, Houston, Tx 770273
  • Filer categoryAccelerated filer3
  • Legal formStock Corporation2
  • LEI5493001DZV6QC1KUSC432
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressc/o THE CORPORATION TRUST, INCORPORATED, 2405 YORK ROAD, SUITE 201, 21093-2264 Lutherville Timonium, United States2
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D146886422

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income4567$27.0M in 2025+34% since 2020
0$20.0M$40.0M$60.0M2020: $20.2M$20.2M20202021: $33.6M$33.6M2021+66%2022: $14.5M$14.5M2022−57%2023: $17.5M$17.5M2023+21%2024: $45.8M$45.8M2024+161%2025: $27.0M$27.0M2025−41%
Fiscal year20192020202120222023202420252026
Operating expenses$43.9M5$46.5M6$63.9M7$64.6M7$68.6M7
Interest$16.0M4$18.7M5$24.5M5$32.0M5
Income tax$771.1K4$1.1M5$1.2M6$1.3M7$1.8M7$1.6M7
Net income$20.2M4$33.6M5$14.5M6$17.5M7$45.8M7$27.0M7
Earnings per share$1.044$1.725$0.746$0.807$1.797$0.957
Earnings per share (diluted)$1.044$1.725$0.746$0.807$1.797$0.957
Shares (weighted, basic)19.5M shares719.6M shares722.0M shares725.6M shares728.4M shares7
Shares (weighted, diluted)19.5M shares619.6M shares622.0M shares725.6M shares728.4M shares7

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What it owns

What Stellus Capital Investment Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$25.1M7 Dec 31, 2025$20.1M7 Dec 31, 2024+24.9%

Properties, in its own words

We do not own any real estate or other physical properties materially important to our operation. Our headquarters are located at 4400 Post Oak Parkway, Suite 2200, Houston, Texas. We also maintain offices in Charlotte, North Carolina and in the Washington, D.C. area. All locations are provided to us by Stellus Capital Management pursuant to the Administration Agreement. We believe that our office facilities are suitable and adequate for our business as we contemplate conducting it.

Item 2 of the 10-K filed Mar 11, 2026.10

Leadership

Who has led Stellus Capital Investment Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert Ladd2015

President

  1. Robert Ladd2015

Chief financial officer

  1. W. Todd Huskinson2012–now
201520202025
Board members and other officers (7)

Timeline

  1. Jul 29, 20268-K Results of operations19
  2. Jun 22, 20268-K Entered a material agreement20
  3. Jun 17, 20268-K Shareholder vote21
  4. Feb 5, 20268-K Other events22
  5. Nov 24, 20258-K Other events23
  6. Sep 26, 20258-K Entered a material agreement; New debt or obligation24
  7. Sep 15, 20258-K Entered a material agreement; New debt or obligation25
  8. Sep 10, 20258-K Entered a material agreement26
  9. Aug 28, 20258-K Other events27
  10. Jun 20, 20258-K Shareholder vote28
  11. Apr 2, 20258-K Entered a material agreement; New debt or obligation29
  12. Mar 28, 20258-K Entered a material agreement; New debt or obligation30
  13. Aug 19, 2015New chief executive Robert Ladd becomes CEO11
  14. May 18, 2012Founded Stellus Capital Investment Corp is founded2

Calendar

Coming up

  1. Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.34 a share, on Nov 10, 2025.31

When it reported results

  1. Jul 29, 2026Reported quarterly or annual results19

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

114 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 25 major events, 11 insider forms, 58 other. The latest 20:

  1. Oct 14, 2026APP NTC EDGAR
  2. Oct 6, 202640-APP/A EDGAR
  3. Sep 17, 20264 OWNERSHIP DOCUMENT EDGAR
  4. Aug 14, 202640-APP/A EDGAR
  5. Aug 10, 202610-Q EDGAR
  6. Jul 29, 20268-K EDGAR
  7. Jun 25, 20264 OWNERSHIP DOCUMENT EDGAR
  8. Jun 22, 20268-K EDGAR
  9. Jun 17, 20268-K EDGAR
  10. May 11, 202610-Q EDGAR
  11. May 4, 2026DEFA14A EDGAR
  12. Apr 24, 2026DEFA14A EDGAR
  13. Apr 16, 2026DEF 14A EDGAR
  14. Mar 27, 2026PRE 14A EDGAR
  15. Mar 17, 20264 OWNERSHIP DOCUMENT EDGAR
  16. Mar 17, 20264 OWNERSHIP DOCUMENT EDGAR
  17. Mar 17, 20264 OWNERSHIP DOCUMENT EDGAR
  18. Mar 11, 202610-K EDGAR
  19. Feb 5, 20268-K EDGAR
  20. Dec 23, 202540-17G EDGAR

The 114 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

15 open-market trades by officers, directors and large owners since October 2021: 15 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 16, 2026Arnoult J TimDirectorBuy1,000$7.97$8.0KForm 4
Jun 23, 2026Arnoult J TimDirectorBuy700$8.29$5.8KForm 4
May 19, 2026Arnoult J TimDirectorBuy9,000$9.05$81.5KForm 4
May 13, 2026Arnoult J TimDirectorBuy1,000$9.27$9.3KForm 4
Mar 16, 2026Ladd Robert T.President and CEOBuy1,700$8.45$14.4KForm 4
Mar 13, 2026Bilger Bruce RDirectorBuy45,490$8.74$397.5KForm 4
Mar 13, 2026Huskinson W. ToddCFO and CCOBuy5,700$8.79$50.1KForm 4
Mar 13, 2026Ladd Robert T.President and CEOBuy35,000$8.70$304.5KForm 4
Jun 17, 2022Bilger Bruce RDirectorBuy17,543$11.35$199.1KForm 4
Jun 16, 2022Ladd Robert T.President and CEOBuy6,000$11.45$68.7KForm 4
Jun 16, 2022D'Angelo DeanDirectorBuy2,500$11.38$28.4KForm 4
May 18, 2022Ladd Robert T.President and CEOBuy8,834$12.86$113.6KForm 4
May 16, 2022Ladd Robert T.President and CEOBuy1,000$12.82$12.8KForm 4
Dec 17, 2021D'Angelo DeanDirectorBuy1,600$12.66$20.3KForm 4
Dec 13, 2021D'Angelo DeanDirectorBuy1,167$12.85$15.0KForm 4

From Forms 4 filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 59. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Corient Private Wealth LP284,746$2.4M0.0%+29,267
LPL Financial LLC263,356$2.2M0.0%−51,436
Muzinich & Co., Inc.255,026$2.1M0.7%+192
Raymond James Financial Inc252,821$2.1M0.0%+15,222
Legal & General Group Plc238,329$2.0M0.0%+8,794
Advisors Asset Management, Inc.220,277$1.9M0.0%+27,584
Ethos Financial Group, LLC217,193$1.8M0.1%+19,403
Condor Capital Management211,987$1.8M0.1%+5,571
Sumitomo Mitsui Trust Group, Inc.156,151$1.3M0.0%No change
Icon Wealth Advisors, LLC135,536$1.1M0.1%+267
Samjo Management, LLC133,700$1.1M0.4%New
BlackRock, Inc.109,462$921.7K0.0%−2,764
Millennium Management LLC96,424$811.9K0.0%−20,243
Inspire Advisors, LLC86,232$726.1K0.1%−24,925
Gables Capital Management Inc.67,052$564.6K0.2%+185
Morgan Stanley64,355$541.9K0.0%−83,400
Trexquant Investment LP63,649$535.9K0.0%−4,671
Virtus Investment Advisers, LLC62,135$523.2K0.1%+1,463
XTX Topco Ltd57,978$488.2K0.0%+40,886
Bank Of America Corp /de/57,317$482.6K0.0%+31,506
Doliver Advisors, LP55,292$465.6K0.1%+45,292
PFG Investments, LLC53,260$448.4K0.0%−21,401
Marshall Wace, Llp48,843$411.3K0.0%−104,016
Citadel Advisors LLC46,090$388.1K0.0%−16,264
Campbell & CO Investment Adviser LLC34,955$294.3K0.0%+19,194

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Stellus Capital Investment Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARStellus Capital Investment Corp1
  • CIK0001551901
  • Employer ID (EIN)46-093732010
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company10
  • Incorporated inMaryland10
  • Fiscal year endsDecember 311
  • Business address4400 Post Oak Parkway, Suite 2200, Houston, TX 770271
  • Phone(713) 292-54001
  • Shares outstanding28,479,937 as of Aug 10, 20269
  • Public float$371.9M as of Jun 30, 202510
  • AuditorDeloitte & Touche LLP, Houston, Texas PCAOB ID 34; it also attests to the company’s internal control over financial reporting10
  • On EDGAR sinceJul 20, 20121
  • Filings443 in all: 4 (98), 8-K (52), 10-Q (41), CORRESP (26), DEFA14A (21), 40-17G (15), 497 (15), 497AD (15)1
    All 38 form types

    10-K (14), DEF 14A (14), 40-APP/A (13), PRE 14A (13), 424B2 (11), POS EX (10), 3 (9), N-2/A (9), EFFECT (8), N-2 (6), SC 13G/A (6), 40-APP (5), APP NTC (5), POS 8C (5), 4/A (4), APP ORDR (4), N-23C-2 (4), 8-A12B (3), FWP (3), 25-NSE (2), D (2), SC 13G (2), 305B2 (1), CERTNYS (1), DFAN14A (1), N-54A (1), N-6F (1), N-8A (1), PRER14A (1), UPLOAD (1)

  • Latest filingsAnnual report (10-K) Mar 11, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Apr 16, 2026
    Latest 8-K (8-K) Jul 29, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.001 per shareSCMNew York Stock Exchange

From the cover page of the 10-K filed Mar 11, 2026 (Section 12(b) of the Exchange Act).10

Risk factors and legal proceedings

The risks Stellus Capital Investment Corp names in Item 1A of its 10-K filed Mar 11, 2026: 76 risks under these headings, as written.10

  • Risks Relating to our Business and Structure
  • The capital markets may experience periods of disruption and instability. Such market conditions may materially and adversely affect debt and equity capital markets, which may have a negative impact on our business and operations.
  • Any public health emergency, including any outbreak of existing or new pandemics or epidemic diseases, or the threat thereof, and the resulting financial and economic market uncertainty, could have a significant adverse impact on us and the fair value of our investments and our portfolio companies.
  • We are exposed to risks associated with changes in interest rates.
  • Fluctuations in interest rates could have a material adverse effect on our business and that of our portfolio companies.
  • Inflation has adversely affected and may continue to adversely affect the business, results of operations and financial condition of our portfolio companies.
  • We are subject to risks related to corporate social responsibility.
  • We are dependent upon key personnel of Stellus Capital Management for our future success. If Stellus Capital Management were to lose any of its key personnel, our ability to achieve our investment objective could be significantly harmed.
  • Our business model depends to a significant extent upon strong referral relationships. Any inability of Stellus Capital Management to maintain or develop these relationships, or the failure of these relationships to generate investment opportunities, could adversely affect our business.
  • Our financial condition, results of operations and cash flows will depend on our ability to manage our business effectively.
  • There are significant potential conflicts of interest that could negatively affect our investment returns.
  • The senior investment professionals and other investment team members of Stellus Capital Management may, from time to time, possess material non-public information, limiting our investment discretion.
The other 65 risks
  • Our management and incentive fees may induce Stellus Capital Management to incur additional leverage.
  • Our incentive fee may induce Stellus Capital Management to make speculative investments.
  • We may be obligated to pay Stellus Capital Management incentive compensation even if we incur a loss and may pay more than 20.0% of our net capital gains because we cannot recover payments made in previous years.
  • We operate in a highly competitive market for investment opportunities, which could reduce returns and result in losses.
  • Our investments in the business services industry are subject to unique risks relating to technological developments, regulatory changes and changes in customer preferences.
  • Our investments in companies in the high-tech industry are subject to unique risks relating to technological developments, regulatory changes and changes in customer preference.
  • We will be subject to U.S. federal income tax imposed at corporate rates if we are unable to maintain our tax treatment as a RIC under subchapter M of the Code.
  • Legislative or regulatory tax changes could have an adverse impact on us and our stockholders.
  • We may have difficulty paying our required distributions if we recognize income before, or without, receiving cash representing such income.
  • We may in the future choose to pay dividends in our own common stock, in which case you may be required to pay tax in excess of the cash you receive.
  • PIK interest payments we receive will increase our assets under management and, as a result, will increase the amount of base management fees and incentive fees payable by us to Stellus Capital Management.
  • Regulations governing our operation as a BDC affect our ability to, and the way in which we, raise additional capital. As a BDC, the necessity of raising additional capital may expose us to risks, including the typical risks associated with leverage.
  • Because we finance our investments with borrowed money, the potential for gain or loss on amounts invested in us is magnified and may increase the risk of investing in us.
  • Substantially all of our assets are subject to security interests under the Credit Facility or claims of the SBA with respect to SBA-guaranteed debentures we issue and, if we default on our obligations thereunder, we may suffer adverse consequences, including foreclosure on our assets.
  • Provisions in the Credit Facility or any other future borrowing facility may limit our discretion in operating our business.
  • Because we use debt to finance our investments and have issued, and may in the future issue, senior securities including preferred stock and debt securities, if market interest rates were to increase, our cost of capital could increase, which could reduce our net investment income.
  • Adverse developments in the credit markets may impair our ability to enter into any other future borrowing facility.
  • Most of our portfolio investments are recorded at fair value as determined in good faith by our Board and, as a result, there may be uncertainty as to the value of our portfolio investments.
  • We may expose ourselves to risks if we engage in hedging transactions.
  • If we fail to maintain an effective system of internal control over financial reporting, we may not be able to accurately report our financial results or prevent fraud. As a result, stockholders could lose confidence in our financial and other public reporting, which would harm our business and the trading price of our common stock.
  • We incur significant costs as a result of being a publicly traded company.
  • We are obligated to maintain proper and effective internal control over financial reporting. We may not complete our analysis of our internal control over financial reporting in a timely manner, or our internal controls may not be determined to be effective, which may adversely affect investor confidence in our company and, as a result, the value of our securities.
  • We and our portfolio companies may be subjected to potential adverse effects of new or modified laws or regulations.
  • Any failure to comply with SBA regulations could have an adverse effect on our SBIC subsidiaries’ operations.
  • Risks Related to Our Operations
  • Because we intend to distribute substantially all of our income to our stockholders to obtain and maintain our status as a RIC, we will continue to need additional capital to finance our growth. If additional funds are unavailable or not available on favorable terms, our ability to grow may be impaired.
  • Our wholly owned SBIC subsidiaries may be unable to make distributions to us that will enable us to maintain RIC tax treatment, which could result in the imposition of U.S. federal income tax.
  • Our ability to enter into certain transactions with our affiliates is restricted, which may limit the scope of investments available to us.
  • The involvement of our interested directors in the valuation process may create conflicts of interest.
  • There are potential conflicts related to other arrangements we have with Stellus Capital Management.
  • The Investment Advisory Agreement and the Administration Agreement with Stellus Capital Management were not negotiated on an arm’s-length basis and may not be as favorable to us as if they had been negotiated with an unaffiliated third party.
  • The time and resources that Stellus Capital Management devote to us may be diverted, and we may face additional competition due to the fact that Stellus Capital Management and its affiliates are not prohibited from raising money for, or managing, another entity that makes the same types of investments that we target.
  • Our incentive fee arrangements with Stellus Capital Management may vary from those of other investment funds, account or investment vehicles managed by Stellus Capital Management, which may create an incentive for Stellus Capital Management to devote time and resources to a higher fee-paying fund.
  • Stellus Capital Management’s liability is limited under the Investment Advisory Agreement and we have agreed to indemnify Stellus Capital Management against certain liabilities, which may lead Stellus Capital Management to act in a riskier manner on our behalf than it would when acting for its own account.
  • Stellus Capital Management can resign as our investment adviser or administrator upon 60 days’ notice and we may not be able to find a suitable replacement within that time, or at all, resulting in a disruption in our operations that could adversely affect our financial condition, business and results of operations.
  • If we fail to comply with the regulatory requirements applicable to BDCs, our business could be affected and our operating flexibility could be significantly reduced.
  • If we do not invest a sufficient portion of our assets in qualifying assets, we could violate the 1940 Act provisions applicable to BDCs or be precluded from investing according to our current business strategy.
  • We may experience fluctuations in our annual and quarterly operating results.
  • Our Board may change our investment objective, operating policies and strategies without prior notice or stockholder approval.
  • Our Board is authorized to reclassify any unissued shares of common stock into one or more classes of preferred stock, which could convey special rights and privileges to its owners.
  • Provisions of the Maryland General Corporation Law and of our charter and bylaws could deter takeover attempts and have an adverse impact on the price of our common stock.
  • We are highly dependent on information systems and systems failures could significantly disrupt our business, which may, in turn, negatively affect the market price of our common stock and our ability to make distributions to our stockholders.
  • The failure of cybersecurity systems, as well as the occurrence of events unanticipated in our disaster recovery systems and management continuity planning, could impair our ability to conduct business effectively.
  • We, Stellus Capital Management and our portfolio companies are subject to risks associated with “phishing” and other cyber-attacks.
  • We are subject to risks associated with artificial intelligence and machine learning technology.
  • Risks Related to Economic Conditions
  • Global economic, political and market conditions may adversely affect our business, financial condition and results of operations, including our revenue growth and profitability.
  • Increased geopolitical unrest, terrorist attacks, or acts of war may impact the businesses in which we invests, and harm our business, operating results, and financial conditions.
  • Risks Related to our Investments
  • Our business and our portfolio companies may be susceptible to economic slowdowns or recessions which would harm our operating results.
  • We may be subject to risks related to bank impairments or failures either directly or through our portfolio companies, which, in turn, could indirectly impact our performance and results of operations.
  • Our investments in leveraged portfolio companies may be risky, and we could lose all or part of our investment.
  • We may hold the loans and debt securities of leveraged companies that may, due to the significant operating volatility typical of such companies, enter into bankruptcy proceedings.
  • Our investments in private and lower middle-market portfolio companies are risky, and we could lose all or part of our investment.
  • The lack of liquidity in our investments may adversely affect our business.
  • Price declines and illiquidity in the corporate debt markets may adversely affect the fair value of our portfolio investments, reducing our net asset value through increased net unrealized depreciation.
  • We are a non-diversified investment company within the meaning of the 1940 Act, and therefore, we are not limited with respect to the proportion of our assets that may be invested in securities of a single issuer.
  • Our failure to make follow-on investments in our portfolio companies could impair the value of our portfolio.
  • Because we generally do not hold controlling equity interests in our portfolio companies, we may not be able to exercise control over our portfolio companies or to prevent decisions by management of our portfolio companies that could decrease the value of our investments.
  • Defaults by our portfolio companies will harm our operating results.
  • Prepayments of our debt investments by our portfolio companies could adversely impact our results of operations and ability to make stockholder distributions and result in a decline in the market price of our shares.
  • The effect of global climate change may impact the operations of our portfolio companies.
  • Our portfolio companies may incur debt that ranks equally with, or senior to, our investments in such companies.
  • We may be exposed to special risks associated with bankruptcy cases.
  • If we make subordinated investments, the obligors or the portfolio companies may not generate sufficient cash flow to service their debt obligations to us.
  • The disposition of our investments may result in contingent liabilities.
  • We may not realize gains from our equity investments.
  • Our ability to enter transactions involving derivatives and financial commitment transactions may be limited.

Legal proceedings

We, Stellus Capital Management or our subsidiaries are not currently subject to any material legal proceedings, nor, to our knowledge, is any material legal proceeding threatened against us, Stellus Capital Management or our subsidiaries. From time to time, we may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under contracts with our portfolio companies. While the outcome of these legal proceedings cannot be predicted with certainty, we do not expect that these proceedings will have a material effect upon our financial condition or results of operations.

The opening of Item 3, Legal Proceedings.10

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events
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