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Theory is great in theory, reality often destroys what looks good on paper. We look at two BDCs that were beaten down heavily in 2022 but are set to have a stellar 2023.
SLR Investment (SLRC) delivered earnings and revenue surprises of 0% and 1.06%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
It is highly likely that the earnings of SLR Investment will completely cover its dividends in the coming quarters. Later in 2023, earnings growth could lower its payout ratio to 90%, setting the company in a position to raise its dividend.
SLR Investment Corporation (NASDAQ:SLRC ) Q3 2022 Earnings Conference Call November 3, 2022 10:00 AM ET Company Participants Michael Gross - Chairman, President & Co-CEO Richard Peteka - Treasurer, Secretary & CFO Bruce Spohler - COO, Co-CEO & Interested Director Conference Call Participants Sean Adams - Raymond James Melissa Wedel - JPMorgan Chase & Co. Paul Johnson - KBW Operator Good day, everyone, and welcome to the Q3 2022 SLR Investment Corp. Earnings Call. [Operator Instructions].
SLR Investment (SLRC) delivered earnings and revenue surprises of -5.13% and 1.26%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Both Main Street Capital and SLR Investment boast investment grade credit ratings. MAIN has a tremendous track record whereas SLRC pays out a much higher dividend yield.
We are skittish about retail value investors being attracted to SLR Investment's good dividend yield and moving to a more frequent payout following the Q2 '22 financial report two weeks ago. In the last quarter, hedge funds increased their holdings by 272.5K shares, but there are no beamish portents suggesting this will be a trend in 2022.
SLR Investment Corp. (NASDAQ:SLRC ) Q2 2022 Results Conference Call August 3, 2022 10:00 AM ET Company Participants Michael Gross - Chairman and Co- Chief Executive Officer Bruce Spohler - Co-Chief Executive Officer Richard Peteka - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Melissa Wedel - JP Morgan Mickey Schleien - Ladenburg Ryan Lynch - KBW Operator Good day, everyone and welcome to the Second Quarter 2022 SLR Investment Corp. Earnings Conference Call. At this time, all participants are in a listen-only mode.
SLR Investment (SLRC) delivered earnings and revenue surprises of 8.82% and 2.21%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
After a difficult first quarter, SLRC completed its merger with SUNS creating a combined portfolio with $2.6B in total portfolio value. The income generated from portfolio investments results in a current monthly distribution yield of nearly 11%.