SLR Investment Corp. (SLRC)
SLR Investment (SLRC) Q4 Earnings Surpass Estimates
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 $0.44 per share a year ago.
SLR Investment: Navigating Deteriorating Conditions Through Multi-Approach Strategy
SLR Investment is a top choice for dividends and capital preservation due to its multi-strategy approach and conservative underwriting philosophy. SLR's shares are attractively valued, trading at a discount to net asset value and industry averages, making it a compelling buy. Key risks include potential rate cuts and economic weakness, but SLR's defensive strategy and low non-accruals mitigate these concerns.
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SLR Investment Corp. (SLRC) Q3 2024 Earnings Call Transcript
SLR Investment Corp. (NASDAQ:SLRC ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Michael Gross - Chairman & Co-Chief Executive Officer Shiraz Kajee - Chief Financial Officer Bruce Spohler - Co-Chief Executive Officer Conference Call Participants Bryce Rowe - B. Riley Melissa Wedel - JPMorgan Sean-Paul Adams - Raymond James Operator Good day, everyone and welcome to today's Third Quarter 2024 SLR Investment Corp. Earnings Call.
SLR Investment (SLRC) Surpasses Q3 Earnings and Revenue Estimates
SLR Investment (SLRC) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.42 per share a year ago.
SLR Investment: Strong Quarter And Attractive Valuation, It's A Buy
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.
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SLR Investment Corp. (SLRC) Q2 2024 Earnings Call Transcript
SLR Investment Corp. (NASDAQ:SLRC ) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Michael Gross - Chairman and Co-Chief Executive Officer Shiraz Kajee - Chief Financial Officer Bruce Spohler - Co-Chief Executive Officer Conference Call Participants Melissa Wedel - JPMorgan. John Paul Adams - Raymond James Operator Good day, everyone and welcome to today's Q2, 2024 SLR Investment Corp. Earnings Call.
SLR Investment (SLRC) Tops Q2 Earnings and Revenue Estimates
SLR Investment (SLRC) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.42 per share a year ago.
SLR Investment (SLRC) Loses -6.09% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
SLR Investment (SLRC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
SLR Investment: A Solid Long-Term Investment With Multi-Strategy Approach
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.
Natixis Advisors L.P. Increases Holdings in SLR Investment Corp. (NASDAQ:SLRC)
Natixis Advisors L.P. increased its stake in SLR Investment Corp. (NASDAQ:SLRC – Free Report) by 7.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,418 shares of the financial services provider’s stock after purchasing an additional 1,154 shares during the quarter. Natixis Advisors L.P.’s holdings in SLR Investment were worth $261,000 at the end of the most recent quarter. Several other hedge funds also recently made changes to their positions in SLRC. Van ECK Associates Corp grew its position in SLR Investment by 10.6% during the fourth quarter. Van ECK Associates Corp now owns 849,876 shares of the financial services provider’s stock worth $12,774,000 after buying an additional 81,394 shares in the last quarter. Invesco Ltd. lifted its stake in SLR Investment by 1.8% during the third quarter. Invesco Ltd. now owns 689,099 shares of the financial services provider’s stock worth $10,605,000 after purchasing an additional 12,119 shares during the last quarter. NewEdge Wealth LLC bought a new stake in SLR Investment during the fourth quarter worth about $1,780,000. Raymond James & Associates lifted its stake in SLR Investment by 41.0% during the fourth quarter. Raymond James & Associates now owns 112,343 shares of the financial services provider’s stock worth $1,689,000 after purchasing an additional 32,647 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in SLR Investment by 2.8% during the third quarter. Sunbelt Securities Inc. now owns 84,588 shares of the financial services provider’s stock worth $1,302,000 after purchasing an additional 2,320 shares during the last quarter. 35.32% of the stock is currently owned by hedge funds and other institutional investors. Insider Activity at SLR Investment In other SLR Investment news, insider Michael S. Gross purchased 40,000 shares of SLR Investment stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $15.08 per share, for a total transaction of $603,200.00. Following the acquisition, the insider now directly owns 3,642,124 shares in the company, valued at $54,923,229.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other SLR Investment news, insider Michael S. Gross purchased 40,000 shares of SLR Investment stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $15.08 per share, for a total transaction of $603,200.00. Following the acquisition, the insider now directly owns 3,642,124 shares in the company, valued at $54,923,229.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael S. Gross bought 22,636 shares of SLR Investment stock in a transaction on Friday, March 8th. The shares were purchased at an average price of $15.74 per share, for a total transaction of $356,290.64. Following the acquisition, the insider now directly owns 3,804,860 shares in the company, valued at approximately $59,888,496.40. The disclosure for this purchase can be found here. Insiders have acquired a total of 109,336 shares of company stock worth $1,680,539 in the last 90 days. Company insiders own 8.20% of the company’s stock. SLR Investment Trading Up 0.3 % NASDAQ SLRC opened at $16.21 on Monday. SLR Investment Corp. has a 1-year low of $13.75 and a 1-year high of $16.24. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.17. The stock has a 50-day moving average of $15.36 and a 200-day moving average of $15.18. The firm has a market cap of $884.42 million, a PE ratio of 9.11 and a beta of 1.10. SLR Investment (NASDAQ:SLRC – Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. SLR Investment had a return on equity of 9.51% and a net margin of 41.66%. The company had revenue of $59.79 million for the quarter, compared to the consensus estimate of $59.00 million. As a group, sell-side analysts forecast that SLR Investment Corp. will post 1.74 EPS for the current year. SLR Investment Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.64 dividend on an annualized basis and a yield of 10.12%. SLR Investment’s dividend payout ratio is presently 92.13%. Analyst Upgrades and Downgrades Several equities research analysts have issued reports on the company. B. Riley reaffirmed a “neutral” rating and set a $17.00 price target (up previously from $16.00) on shares of SLR Investment in a research note on Friday, May 10th. JPMorgan Chase & Co. lowered their target price on SLR Investment from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.50. View Our Latest Research Report on SLRC SLR Investment Company Profile (Free Report) 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. Read More Five stocks we like better than SLR Investment ESG Stocks, What Investors Should Know MarketBeat Week in Review – 5/13 – 5/17 What is the NASDAQ Stock Exchange? Take-Two Interactive Software Offers 2nd Chance for Investors What Makes a Stock a Good Dividend Stock? Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook
