SLRC Stock Recent News

SLR Investment (SLRC) came out with quarterly earnings of $0.44 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.41 per share a year ago.

SLR Investment: Continued NII Growth Expected From Q1 Earnings

SLR Investment's exposure to high volatility sectors and fixed rate loans has limited its upside and caused underperformance relative to the BDC sector so far. SLR Investment's Q4 2023 earnings showed improvements in core performance metrics, with net asset value increasing and net investment income expanding. Also, the recent dynamics at the general private credit front (e.g., higher for longer impacts, increasing competition) have rendered SLRC's asset allocation strategy more enticing.

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.

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SLR Investment Corp (SLRC) Q3 2023 Earnings Call Transcript

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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.