SLRC
SLR Investment Corp.15.56
-0.02-0.13%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A eyes M&A, leverage upside
Q&A largely reaffirmed prepared remarks on specialty finance strength and portfolio discipline, but highlighted active pursuit of ABL and equipment finance acquisitions, including loans to prospects to foster deals amid high-quality pipelines. No imminent closes, though dislocation may unlock better pricing. Management eyes lifting leverage to 1.25x for deployments in ABL, life sciences, or cash flow dislocations, anticipating fewer repayments. Credit remains spotless—no thematic stress signals, just 2% watch list idiosyncratically. Punchy: Leverage flexes up opportunistically. Investors track M&A progress and 2026 originations amid base rate cuts.
Key Stats
Market Cap
848.87MP/E (TTM)
9.37Basic EPS (TTM)
1.66Dividend Yield
0.11%Recent Filings
8-K
Q4 NII steady at $0.40
SLR Investment Corp. posted Q4 2025 net investment income of $0.40 per share, matching prior quarter, with NAV edging up to $18.26. Portfolio at $2.1B fair value stayed 100% performing amid private credit headwinds, boasting low 2% software exposure. Steady leverage at 1.14x. Board declared $0.41/share dividend.
10-K
FY2025 results
SLR Investment Corp. closed FY2025 ended December 31, 2025 with a $2.1B portfolio across 100 companies, up from $2.0B across 122 at year-end 2024, while net assets held steady at $996M (NAV $18.26/share). Portfolio activity surged with $1.1B deployed in 58 new deals versus $468M in 50 prior year, offset by $1.0B repayments (derived q/q acceleration in turnover). Q4 drove momentum via $300M+ originations, sustaining 83.5% floating-rate exposure amid resilient middle-market demand, though gross income dipped to $218.5M from $232.4M y/y on modestly lower average balances and index rates. NII fell to $86.9M ($1.59/share) from $96.3M ($1.77/share) on compressed margins, yet $1.6M realized gains and $4.0M unrealized appreciation lifted NIIO to $92.5M ($1.70/share). Debt stood at $1.15B (186% coverage) with $453M revolver capacity; $50M buyback program extended. SSLP joint venture contributed steadily. Shares traded at ~18% NAV discount. Competitive pressures risk eroding spreads.
8-K
Stockholders elect directors, ratify auditors
SLR Investment Corp. stockholders at the November 19, 2025 annual meeting elected Andrea C. Roberts (13.6M for, 9.4M withheld) and David S. Wachter (12.5M for, 10.5M withheld) to three-year board terms. They ratified KPMG LLP as auditors for 2025 with overwhelming support: 41.5M for versus 403K against. Directors seated. Routine governance upheld.
8-K
Stable NII, rising NAV
SLR Investment Corp. reported Q3 net investment income of $0.40 per share, down from $0.45 year-over-year amid lower index rates, yet NAV edged up to $18.21 per share. Portfolio hit $2.1B fair value with non-accruals at 0.3%; specialty finance now ~85%. Board declared $0.41 quarterly dividend. Stability holds firm.
10-Q
Q3 FY2025 results
SLR Investment delivered steady Q3 FY2025 results through September 30, with total investment income at $57.0M, down 4.6% y/y from $59.8M yet up sequentially from prior quarters, while net investment income held at $21.6M ($0.40/share). Expenses ticked down to $35.4M on lower interest costs, complemented by $1.7M net realized gains and $0.4M unrealized gains for $23.3M net increase in net assets ($0.43/share, confirmed vs. 54.6M diluted shares). Debt stands at $1.15B face ($1.14B carrying), up from $1.04B year-end, with $373M cash equivalents and $472M revolver availability; portfolio mix shifted toward asset-based lending (46%). Issued $75M 5.95% notes due 2028. Non-accruals remain low at one name.
IPO
Sector
Industry
ARCC
Ares Capital Corporation
20.14-0.17
BCIC
BCP Investment Corporation
11.98-0.59
FDUS
Fidus Investment Corporation
19.80-0.05
FSK
FS KKR Capital Corp.
15.18+0.02
GAIN
Gladstone Investment Corporatio
13.98+0.09
GLAD
Gladstone Capital Corporation
21.08-0.04
ICMB
Investcorp Credit Management BD
2.80+0.02
NMFC
New Mountain Finance Corporatio
9.58-0.01
OCSL
Oaktree Specialty Lending Corpo
12.90+0.02
TSLX
Sixth Street Specialty Lending,
21.87+0.00