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SLR Investment Corp. (SLRC)
:SLRC
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.43Last Year’s EPS
0.44Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: 11.59%
|Next Earnings Date:Aug 06, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a stable performance with strong portfolio credit quality and strategic acquisitions in specialty finance. However, challenges in the sponsor finance and life sciences segments, along with some net losses, indicate mixed results.Company Guidance
In the third quarter of 2024, SLR Investment Corp. (SLRC) demonstrated stability in its financial performance, reporting a net investment income of $0.45 per share, consistent with the previous quarter and achieving a distribution coverage of approximately 110%. The company's net asset value remained steady at $18.20 per share, underscoring the credit quality of its portfolio. SLRC's strategic focus on specialty finance was evident, with 96% of its third-quarter originations in this sector, contributing to a net portfolio growth of $68 million. The portfolio's composition was primarily first lien senior secured loans, accounting for 97% of investments. The weighted average yield across the comprehensive portfolio stood at 11.8%, with the asset-based lending (ABL) portfolio yielding 14.4%. SLRC maintained a robust liquidity position with over $750 million in available capital. The company's debt structure included $1.1 billion of debt with a net debt-to-equity ratio of 1.1x, and the funded debt comprised 58% revolving credit facilities and 42% fixed-rate unsecured notes. The management highlighted a favorable outlook, emphasizing the firm's adaptability to shifting market conditions and its strategic pivot towards higher yield opportunities in specialty finance and ABL markets.Stable Net Investment Income
Net investment income for Q3 2024 was $0.45 per share, consistent with the prior quarter, representing a distribution coverage of approximately 110%.
Strong Portfolio Credit Quality
Net asset value remained stable at $18.20 per share with one investment on nonaccrual representing 0.6% of the portfolio on a cost basis.
Acquisition of Factoring Portfolio
SLR Business Credit acquired a $124 million factoring portfolio from Webster Bank, enhancing ABL capabilities and geographic coverage with a seasoned portfolio and a team of professionals.
Robust Specialty Finance Investments
96% of Q3 originations were in specialty finance, with a strong presence in asset-backed lending and equipment finance.
High Portfolio Yield
Weighted average yield on the comprehensive portfolio was 11.8% at quarter end.
Low Nonaccrual Rate
Only one investment on nonaccrual, representing 0.4% of the investment portfolio on a fair value basis.
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SLRC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SLRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $15.01 | $15.51 | +3.33% |
| Aug 07, 2024 | $14.03 | $14.52 | +3.49% |
| May 08, 2024 | $14.47 | $14.82 | +2.42% |
| Feb 27, 2024 | $13.39 | $13.42 | +0.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SLR Investment Corp. (SLRC) report earnings?
SLR Investment Corp. (SLRC) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is SLR Investment Corp. (SLRC) earnings time?
SLR Investment Corp. (SLRC) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SLRC EPS forecast?
SLRC EPS forecast for the fiscal quarter 2024 (Q4) is 0.43.
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