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SLR Investment Corp. (SLRC)
NASDAQ:SLRC
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.41Last Year’s EPS
0.44Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 0.53%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a solid performance with notable achievements such as strong specialty finance growth, stable credit quality, and a robust pipeline in asset-based lending. However, there were challenges in sponsor finance and declines in net investment and gross investment income. Overall, the highlights marginally outweigh the lowlights, indicating a cautiously optimistic outlook.Company Guidance
During the Q4 2024 earnings call for SLR Investment Corp., the company reported a net investment income of $0.44 per share, which remained flat year-over-year but decreased by a penny from the previous quarter. The net investment income sufficiently covered the quarterly dividend of $0.41 per share. For the full year, the net investment income per share was $1.77, marking a 5% increase compared to 2023. The company's net asset value increased to $18.20 from $18.09 year-over-year. SLR Investment Corp. originated $338 million in new investments and received $442 million in repayments, resulting in a total portfolio value of $3.1 billion at year-end with a yield of 12.1%, up from 11.8% in the prior quarter. The portfolio consisted of 96.4% first lien senior secured loans, with only 0.6% of investments on non-accrual. The company reported a net increase in assets of $22.6 million for the quarter, while the net debt to equity ratio stood at 1.03 times. Additionally, SLR issued new unsecured notes totaling $50 million at a 6.14% interest rate, contributing to the $444 million of unsecured debt, which represents 41% of its funded debt.Fifteen-Year Anniversary and Investment Track Record
SLR Investment Corp. celebrated its fifteen-year anniversary since the IPO, having deployed over $7.5 billion in investments with an average loss rate of less than eleven basis points.
Solid Net Investment Income and Dividend Coverage
Net investment income for Q4 2024 was $0.44 per share, covering the quarterly dividend of $0.41. Full-year NII per share was $1.77, a 5% increase over 2023.
Portfolio Stability and Credit Quality
Net asset value increased to $18.20 per share by year-end. 96.4% of the portfolio was first-lien senior secured loans with only one investment on non-accrual.
Specialty Finance Segment Dominance
79% of the portfolio was allocated to specialty finance investments, which provided higher yields and were more insulated from market volatility.
Strong Yield Performance
The portfolio's yield increased to 12.1% from 11.8% in the prior quarter, with a significant portion of Q4 originations in specialty finance.
Robust Available Capital
SLR had over $900 million of available capital to deploy, positioning it well for future opportunities.
Asset-Based Lending (ABL) Opportunities
SLR's ABL pipeline saw significant growth, and $128 million of new ABL investments were made in Q4.
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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 |
|---|---|---|---|
| Feb 25, 2025 | $17.06 | $16.78 | -1.64% |
| Nov 06, 2024 | $14.65 | $15.13 | +3.28% |
| Aug 07, 2024 | $13.69 | $14.17 | +3.51% |
| May 08, 2024 | $14.12 | $14.46 | +2.41% |
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 May 07, 2025, TBA Not Confirmed.
What is SLR Investment Corp. (SLRC) earnings time?
SLR Investment Corp. (SLRC) earnings time is at May 07, 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 2025 (Q1) is 0.41.
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