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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.27%. A quarter ago, it was expected that this business development company would post earnings of $0.44 per share when it actually produced earnings of $0.44, delivering no surprise. Over the last four quarters, ...

TORONTO, July 31, 2024 /PRNewswire/ -- Sabio Holdings Inc. (TSXV: SBIO) (OTCQB: SABOF) (the "Company" or "Sabio"), a California-based ad-tech company that specializes in delivering highly targeted ads, insights, and services in ad-supported streaming to top Fortune 100 brands, is pleased to announce the closing of a new credit facility pursuant to the terms of a credit agreement between its U.S. operating subsidiaries and SLR Digital Finance ("SLRDF"). The facility replaces the Company's existing credit fac ...

SLR Investment Corp (NASDAQ:SLRC) is one of the best business development companies amid its multi-strategy investment approach, healthy financial flexibility and a long history in the private credit market. These characteristics have been enabling the business development company to capitalize on the attractive opportunities across various cyclicals, resulting in a consistent earnings growth and low non-accruals. Therefore, I maintain my rating on SLR Investment. Given the cyclical nature of sponsor financ ...

Bevill brings more than three decades of institutional investment experience across public and private markets Most recently, Bevill led Global Income Strategies for the Teachers' Retirement System of the State of Illinois as Senior Investment Officer, overseeing all public and private markets debt and fixed income portfolios for the $65 billion pension plan. Throughout his career, Bevill has been a member of over 60 Limited Partner Advisory Boards. "We are thrilled to welcome Scottie to the SLR team, as we ...

All interested parties may participate in the conference call by dialing (800) 267-6316 approximately 5-10 minutes prior to the call, international callers should dial (203) 518-9783. Participants should reference SLR Investment Corp. and Conference ID: SLRC2Q24. A telephone replay will be available until August 22, 2024 and can be accessed by dialing (800) 839-2418. International callers should dial (402) 220-7210. SLR Investment Corp. is a closed-end investment company that has elected to be treated as a ...

NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- SLR Investment Corp. (the "Company") (NASDAQ: SLRC) today announced that it will release its financial results for the quarter ended June 30, 2024 on Wednesday, August 7, 2024 after the close of the financial markets. SLR Investment Corp. is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. A specialty finance company with expertise in several niche markets, the Company primar ...

SLR Investment Corp. (NASDAQ:SLRC) Q1 2024 Earnings Conference Call May 9, 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 Erik Zwick - Hovde Group Melissa Wedel - JPMorgan Operator Good day, everyone and welcome to today’s SLR Investment Corp. First Quarter 2024 Earnings Call. [Operator Instructions] It is now my pleasure to turn today’s call over to C ...

NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- SLR Investment Corp. (NASDAQ: SLRC) (the "Company", "SLRC", "we", or "our") today reported net investment income ("NII") of $23.9 million, or $0.44 per share, for the first quarter of 2024. On May 8, 2024, the Board declared a quarterly distribution of $0.41 per share payable on June 27, 2024 to holders of record as of June 13, 2024. As of March 31, 2024, net asset value ("NAV") was $18.19 per share, compared to $18.09 as of December 31, 2023. "With credit quality ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Maryland 26-1381340 (State of Incorporation) (I.R.S. Employer 500 Park Avenue New York, N.Y. 10022 (Address of principal executive offices) (Zip Code) Identification No.) For the Quarter Ended March 31, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 814-00754 SLR INV ...

Financial Data and Key Metrics Changes - The company reported a net investment income (NII) per share of $0.44 for Q4 2023, representing a 7% year-over-year growth and a 26% increase since the merger with SLR Senior Corp in Q1 2022 [64] - The net asset value (NAV) per share increased to $18.09 from $18.06 at the end of Q3 2023, reflecting stable credit quality and over-earning of distributions [65] - Total gross investment income for Q4 was $59.8 million, slightly up from $59.6 million in Q3, while net expenses decreased to $35.9 million from $36.3 million [96] Business Line Data and Key Metrics Changes - The sponsor finance business originated $107 million in cash flow loans during Q4, with repayments totaling $185 million, indicating a contraction in the cash flow lending segment [75] - The asset-based lending (ABL) portfolio grew significantly due to the regional banking crisis, with new investments totaling $150 million and repayments of $166 million [103] - The equipment finance portfolio reached $1 billion, representing 32% of the comprehensive portfolio, with a strong credit profile across 550 borrowers [77] Market Data and Key Metrics Changes - The company noted that the life sciences market is stabilizing, with equity valuations improving and new lending opportunities emerging [67] - The ABL market remains robust, benefiting from referrals from both money center and regional banks, with increased deal flow due to tightened lending standards [76] - The overall economic environment is expected to provide opportunities for direct lenders as regional banks retreat, allowing the company to fill the void left in the market [55] Company Strategy and Development Direction - The company aims to capitalize on the current investment environment by expanding its specialty finance capabilities through acquisitions and partnerships [81] - A focus on defensive portfolio construction is emphasized, with 76% of the comprehensive portfolio invested in specialty finance assets, which are less sensitive to economic cycles [73] - The company plans to maintain a leverage ratio within the target range of 0.9 to 1.25 times, ensuring a strong funding profile to weather the interest rate environment [57] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the portfolio's resilience, highlighting a weighted average interest coverage of 1.8 times for sponsor finance loans, indicating strong cash flow generation [53] - The company anticipates continued growth in ABL and life sciences, with expectations for increased M&A activity in the second half of 2024 [93] - Management noted that the current market conditions provide a favorable backdrop for direct lending, with ample capital available to seize investment opportunities [94] Other Important Information - The company waived approximately $90,000 in incentive fees related to the merger, totaling about $2 million in cumulative waivers [70] - The weighted average yield on the life sciences portfolio was reported at 13%, with expectations for continued lending opportunities [79] - The company has over $0.5 billion in available capital to take advantage of the current attractive investment environment [94] Q&A Session Summary Question: What underlies the high other income reported for the quarter? - The high other income was primarily driven by a chunky exit fee in the life science business, which is sporadic throughout the year [84] Question: Can you provide insight into the contraction of the sponsor finance cash flow segment? - The contraction was influenced by normalization in the broadly syndicated loan market and prepayment activity, with pressure from capital raised in the cash flow market [86] Question: What is the outlook for the downward migration in internal investment ratings? - The company is addressing some balance sheet issues but remains confident in the strong fundamentals of its portfolio [120]