Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
09 February 2010Website:
http://slrinvestmentcorp.comNext earnings report:
06 November 2024Last dividends:
13 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 22:44:13 GMTAnalysts recommendations
Institutional Ownership
SLRC Latest News
NEW YORK, Oct. 01, 2024 (GLOBE NEWSWIRE) -- SLR Investment Corp. (the “Company”) (NASDAQ: SLRC) today announced that it will release its financial results for the quarter ended September 30, 2024 on Wednesday, November 6, 2024 after the close of the financial markets.
NEW YORK, Sept. 30, 2024 (GLOBE NEWSWIRE) -- SLR Investment Corp. (NASDAQ: SLRC) (the “Company” or “SLRC”) today announced that on September 27, its wholly-owned portfolio company, SLR Business Credit (“SLR-BC”) acquired an asset-based factoring portfolio and operations from Webster Bank, N.A.
SLRC has reported a strong Q2 2024 with many improvements across the board. Despite stronger earnings and robust portfolio quality, the P/NAV discount remains very deep - at 16%. While the risk of an unfavorable debt refinancing is there, the total risk and reward ratio is clearly positive and supportive of a bullish case.
In fitness and finance, you need diligence, patience, and discipline. Steady dividends, combined with the power of compounding, are key to achieving exceptional financial success. We discuss our top picks with up to 10.5% yields.
SLR Investment Corp is a top business development company with a multi-strategy approach, strong financials, and low non-accrual rates. The company's has the potential to generate consistent earnings growth and strong dividend returns. SLR's stock is undervalued based on valuations, net asset value, and fundamentals.
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.
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 was SLR Investment the previous earnings report?
No data
When does SLR Investment earnings report?
The next expected earnings date for SLR Investment is 06 November 2024