SLR Investment: Trading Below NAV With A 10.4% Dividend Yield But I'm On The Sidelines [Seeking Alpha]
SLR Investment Corp. - Closed End Fund (SLRC)
Last slr investment corp. - closed end fund earnings: 2/20 04:01 pm
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US:NASDAQ Investor Relations:
solarcapltd.com/companyoverview
Company Research
Source: Seeking Alpha
The BDC is currently trading at a rare double-digit 12.88% discount to NAV per share. NII coverage on the dividend at 107% could come under pressure on the back of base interest rate cuts later this year even with the 2023 ramp in originations. When I last covered SLR Investment ( NASDAQ: SLRC ) last year, I flagged net asset value challenges as reasons to remain on the sidelines. This had essentially been dipping every quarter since the summer of 2021 to sap confidence in the safety of a principal investment in the ticker against its double-digit dividend yield. SLRC last declared a quarterly cash dividend of $0.41 per share , kept unchanged sequentially and $1.64 per share annualized for a 10.4% dividend yield. The business development company's NAV per share at as of the end of its fiscal 2023 fourth quarter was up $0.03 sequentially with no new non-accruals during the quarter. Hence, with the commons currently at $15.76 per share, they're trading for a 12.88% discount to NAV
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News
- SLR Investment: Things Have Changed, It Is Time To Buy This BDC [Seeking Alpha]Seeking Alpha
- SLR Investment Corp. Schedules the Release of its Financial Results for the Quarter Ended March 31, 2024GlobeNewswire
- “Rotation Nation” As Mag 7 Fade, Other Stocks, Bitcoin, & Gold Rise [Forbes]Forbes
- SLR Investment Corp.: Good Enough To Hold [Seeking Alpha]Seeking Alpha
- SLR Investment Corp. (NASDAQ: SLRC) had its price target raised by analysts at B. Riley from $15.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
SLRC
Earnings
- 2/27/24 - Beat
SLRC
Analyst Actions
- 2/29/24 - JP Morgan
SLRC
Sec Filings
- 4/17/24 - Form N-2ASR
- 3/15/24 - Form 4
- 3/15/24 - Form 4
- SLRC's page on the SEC website