Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
09 February 2010Website:
http://slrinvestmentcorp.comNext earnings report:
08 August 2024Last dividends:
13 June 2024Next dividends:
N/APrice
after hours | 94 min agoAnalysts recommendations
Institutional Ownership
SLRC Latest News
NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- SLR Investment Corp. (the “Company”) (NASDAQ: SLRC) today announced that it will release its financial results for the quarter ended June 30, 2024 on Wednesday, August 7, 2024 after the close of the financial markets.
SLRC saw its net asset value per share grow by 3 cents sequentially during its fiscal 2023 fourth quarter. The BDC is currently trading at a rare double-digit 12.88% discount to NAV per share. NII coverage on the dividend at 107% could come under pressure on the back of base interest rate cuts later this year even with the 2023 ramp in originations.
SLR Investment (SLRC) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.41 per share a year ago.
SLR Investment Corp (SLRC) Q3 2023 Earnings Call Transcript
SLR Investment is well-positioned to perform well in challenging conditions for the BDC industry in 2024 and beyond. Its portfolio expansion, financial flexibility, and a mix of floating and fixed-rate investments contribute to its potential to maintain financial and dividend growth. It might be the right time for investors to adjust their BDC holdings, given the potential for financial deterioration in the industry.
SLR is paying out an 11.15% dividend yield to its shareholders in monthly installments. This formed a 99.9% payout ratio against fiscal 2023 first quarter net investment income. Net asset value has been trending down, with price returns being pulled lower on the back of this.
SLR Investment is an attractive stock option due to its secure double-digit dividend yield, earnings growth potential, and favorable market conditions. The company benefits from increased demand for alternative financing along with higher interest rates. Its robust earnings growth power combined with low valuations offers support for share price upside.
SLR Investment Corp. (NASDAQ:SLRC ) Q1 2023 Earnings Conference Call May 11, 2023 10:00 AM ET Company Participants Michael Gross - Chairman, President & Co-CEO Bruce Spohler - Co-CEO Shiraz Kajee - CFO Conference Call Participants Melissa Wedel - JPMorgan Paul Johnson - KBW Sean-Paul Adams - Raymond James Operator Good everyone and welcome to today's Q1 2023 SLR Investment Corp. Earnings Call. At this time, all participants are in listen-only mode.
What type of business is SLR Investment?
SLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies. The fund invests in aerospace and defense; air freight & logistics; asset management; automotive; banking; beverage, food and tobacco; building products; buildings and real estate; broadcasting and entertainment; cargo transport; commercial services and supplies; communications equipment; chemicals, plastics and rubber; containers, packaging and glass; construction & engineering; diversified/conglomerate manufacturing; consumer Finance; distributors; diversified/conglomerate services; diversified financial services; diversified real estate activities; food products; Footwear; Education Services; diversified telecommunications services; electronics; farming and agriculture; finance; grocery; health care equipment and supplies; health care facilities; education and childcare; home and office furnishing, durable consumer products; hotels, motels, inns and gaming; insurance; restaurants, leisure, amusement, and entertainment; leisure equipment tolls and services, media, multiline retail, multi sector holdings; paper and forest products; personal products; professional services, research and consulting services, software; specialty retail; textiles apparel and luxury goods, thrifts and mortgage finance, trading companies and distributors, utilities, and wireless telecommunication services; industrial conglomerates; internet software and services, IT services, machinery; mining, steel, iron, and non-precious metals; oil and gas; personal, food and miscellaneous services; printing and publishing; retail stores; telecommunications; textiles and leather; and utilities. It also invests in life sciences with focus on specialty pharmaceuticals, medical devices, biotech, health Care Providers and services; health Care technology, enabling technologies and tools. The fund primarily invests in United States. The fund's investments generally range between $5 million and $100 million. The fund invests in companies with revenues between $50 million and $1 billion and EBITDA between $15 million and $100 million. It invests in the form of senior secured loans, mezzanine loans, and equity securities. It may also seek investments in thinly traded public companies and also make secondary investments. The fund makes non-control equity investments. It primarily exits within three years of the initial capital commitment.
What sector is SLR Investment in?
SLR Investment is in the Financial Services sector
What industry is SLR Investment in?
SLR Investment is in the Asset Management industry
What country is SLR Investment from?
SLR Investment is headquartered in United States
When did SLR Investment go public?
SLR Investment initial public offering (IPO) was on 09 February 2010
What is SLR Investment website?
https://slrinvestmentcorp.com
Is SLR Investment in the S&P 500?
No, SLR Investment is not included in the S&P 500 index
Is SLR Investment in the NASDAQ 100?
No, SLR Investment is not included in the NASDAQ 100 index
Is SLR Investment in the Dow Jones?
No, SLR Investment is not included in the Dow Jones index
When does SLR Investment report earnings?
The next expected earnings date for SLR Investment is 08 August 2024