Overview
* SLR Q2 net investment income at $0.40/share
* Net asset value per share rises to $18.19 from $18.16
* Over 80% of portfolio in specialty finance loans, offering downside protection
Outlook
* Company sees demand for asset-based financing amid uncertain economic climate
* SLR Investment Corp. ( SLRC ) focuses on first lien senior secured specialty finance
* Company emphasizes solid credit quality and low non-accrual rate
* SLR Investment Corp. ( SLRC ) continues strategic shift to specialty finance investments
Result Drivers
* SPECIALTY FINANCE FOCUS - Over 80% of portfolio fair value consists of specialty finance loans, offering attractive risk-adjusted returns, per Co-CEO Bruce Spohler
* ASSET-BASED DEMAND - Strong demand for asset-based financing solutions amid uncertain economic climate
* CREDIT QUALITY - SLRC reports solid credit quality with low non-accrual rates and stable portfolio, supporting expansion in specialty finance
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q2 $567.10
Investme mln
nts
Analyst Coverage
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"
* The average consensus recommendation for the closed end funds peer group is "buy."
* Wall Street's median 12-month price target for SLR Investment Corp ( SLRC ) is $17.00, about 7.2% above its August 4 closing price of $15.78
* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release:
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)