SLR Investment Corp. (SLRC) Bundle
An Overview of SLR Investment Corp. (SLRC)
General Overview of SLR Investment Corp. (SLRC)
SLR Investment Corp. (SLRC) was founded as a publicly traded business development company (BDC) that primarily invests in senior secured loans and other debt instruments. The company focuses on providing capital to middle-market companies across various industries. As of 2024, SLR Investment Corp. has established a robust portfolio consisting of several investment categories including SLR Credit Solutions and SLR Equipment Finance.
In 2024, SLR Investment Corp. reported approximately $992.7 million in total net assets, with a net asset value per share of $18.20. The company maintains a diversified investment approach, with a significant proportion of its income-producing portfolio consisting of floating-rate assets, totaling $1.66 billion.
Company's Financial Performance in the Latest Financial Reports
For the three months ended September 30, 2024, SLR Investment Corp. achieved a gross investment income of $59.8 million, a slight increase from $59.6 million in the same period in 2023. For the nine months ended September 30, 2024, gross investment income reached $176.8 million, compared to $169.5 million in the prior year.
Net investment income for the three and nine months ended September 30, 2024, was reported at $24.3 million and $72.5 million, respectively, translating to earnings per share of $0.45 and $1.33. The net increase in net assets resulting from operations was $22.0 million for the three months and $73.1 million for the nine months.
SLR Investment Corp. also reported net realized losses of $2.7 million and $2.5 million for the three and nine months, respectively. The company has seen a notable appreciation in the value of its investments, contributing to a net change in unrealized gain of $0.4 million for the three months and $3.1 million for the nine months ended September 30, 2024.
SLR Investment Corp. as a Leader in the Industry
SLR Investment Corp. is recognized as a leading player in the business development sector, leveraging its extensive experience and expertise to capitalize on investment opportunities in the middle-market space. The company’s diversified portfolio includes various financial products, positioning it favorably within the industry. As of September 30, 2024, SLR Investment Corp. managed a total of approximately $927.2 million in commitments through its SLR Business Credit segment, with $352.5 million funded.
With a robust capital structure and a strategic focus on high-quality investments, SLR Investment Corp. continues to enhance its competitive edge. Investors and stakeholders are encouraged to explore the intricacies of SLR Investment Corp.'s operations to understand the factors contributing to its success in the marketplace.
| Financial Metrics | Q3 2024 | Q3 2023 | 9M 2024 | 9M 2023 |
|---|---|---|---|---|
| Gross Investment Income | $59.8 million | $59.6 million | $176.8 million | $169.5 million |
| Net Investment Income | $24.3 million | $23.4 million | $72.5 million | $68.2 million |
| Net Increase in Net Assets | $22.0 million | $26.9 million | $73.1 million | $52.8 million |
| Net Realized Loss | $2.7 million | $31.0 million | $2.5 million | $29.8 million |
| Net Asset Value per Share | $18.20 | $18.09 | $18.20 | $18.06 |
Mission Statement of SLR Investment Corp. (SLRC)
Mission Statement Overview
SLR Investment Corp. (SLRC) aims to provide high-quality investment solutions through a disciplined approach, focusing on delivering sustainable value to its stakeholders. The mission statement serves as a guiding framework for the company's strategic objectives and operational practices, ensuring alignment with its long-term goals.
Core Component 1: High-Quality Investment Solutions
SLRC emphasizes the importance of high-quality investment solutions tailored to meet the diverse needs of its clients. As of September 30, 2024, SLRC's investment portfolio included approximately $2.44 billion in total assets. The company maintains a diversified portfolio comprising various sectors, including equipment finance, healthcare, and business credit, which collectively contribute to its robust income-generating capabilities.
| Investment Sector | Total Assets (in millions) | Percentage of Total Portfolio |
|---|---|---|
| Equipment Finance | $321.5 | 13.2% |
| Healthcare | $401.4 | 16.5% |
| Business Credit | $927.2 | 38.0% |
| Other Investments | $794.0 | 32.3% |
Core Component 2: Sustainable Value Creation
SLRC is dedicated to generating sustainable value for its stakeholders through prudent financial management and strategic investments. For the nine months ended September 30, 2024, the company reported net investment income of $72.5 million, reflecting a growth from $68.2 million in the same period of 2023. This increase underscores SLRC's commitment to enhancing shareholder value while maintaining operational efficiency.
Moreover, the company's net asset value per share increased to $18.20 as of September 30, 2024, compared to $18.09 at the end of the previous year. This performance indicates effective asset management and a resilient investment strategy.
Core Component 3: Stakeholder Engagement
SLRC prioritizes engagement with its stakeholders, including investors, clients, and employees, to foster a collaborative environment. The company has undertaken various initiatives to enhance stakeholder relations, which include transparent communication practices and regular updates on financial performance.
As of September 30, 2024, SLRC had total borrowings of approximately $1.10 billion, demonstrating its capacity to leverage financial resources effectively. This strategic use of debt enables SLRC to finance growth opportunities while balancing risk, thereby reinforcing its commitment to stakeholders.
Vision Statement of SLR Investment Corp. (SLRC)
Vision Statement Overview
The vision of SLR Investment Corp. (SLRC) emphasizes a commitment to becoming a leader in providing innovative financial solutions while enhancing value for stakeholders. This vision is rooted in the company's strategic focus on diverse investment opportunities and risk management.
Commitment to Innovation
SLR Investment Corp. aims to leverage technology and innovative financial practices to enhance its service offerings. The company is dedicated to adopting cutting-edge financial solutions that can adapt to the changing market landscape. As of September 30, 2024, SLRC's total assets stood at approximately $2.44 billion, reflecting its robust growth strategy and commitment to innovation.
Focus on Sustainable Growth
SLR Investment Corp. envisions fostering sustainable growth through responsible investment practices. The company has a diversified investment portfolio, with a significant portion comprising floating rate investments, which accounted for 80.8% of its income-producing investment portfolio, valued at approximately $1.66 billion as of September 30, 2024. This approach positions SLRC to navigate economic fluctuations while maintaining profitability.
Enhancing Stakeholder Value
SLR Investment Corp. aims to maximize shareholder value through strategic investments and consistent performance. For the nine months ended September 30, 2024, the company reported net investment income of $72.5 million, compared to $68.2 million in the same period of the previous year. This growth underscores SLRC's commitment to delivering value to its investors.
Table: Financial Performance Metrics (2024)
| Metric | September 30, 2024 | December 31, 2023 |
|---|---|---|
| Total Assets | $2.44 billion | $2.52 billion |
| Net Investment Income | $72.5 million | $68.2 million |
| Net Assets | $992.7 million | $986.6 million |
| Floating Rate Investments | 80.8% of $2.05 billion | 78.4% of $2.14 billion |
Strategic Partnerships
SLR Investment Corp. recognizes the importance of strategic partnerships in achieving its vision. By collaborating with various financial institutions and leveraging joint ventures, such as the SLR Senior Lending Program LLC, which has equity commitments totaling $100 million, SLRC enhances its market presence and investment capabilities.
Long-term Vision for Community Impact
SLR Investment Corp. is committed to making a positive impact on the communities it serves. The company aims to invest in opportunities that not only yield financial returns but also contribute to economic development. This holistic approach supports SLRC's vision of being a responsible corporate citizen while focusing on long-term growth.
Core Values of SLR Investment Corp. (SLRC)
Integrity
Integrity is a core value that emphasizes the importance of honesty and ethical behavior in all business dealings. SLR Investment Corp. (SLRC) is committed to maintaining the highest standards of integrity in its operations.
As of September 30, 2024, SLRC reported total assets of approximately $2.44 billion and net assets of $992.7 million. The company’s adherence to ethical practices is reflected in its transparent financial reporting and compliance with regulatory requirements.
Innovation
Innovation drives SLR Investment Corp. to continuously improve its offerings and adapt to market changes. The company invests in new technologies and business models to enhance its service delivery.
In 2024, SLRC expanded its senior secured credit facility with SLR Equipment Finance to $350 million. This expansion demonstrates the company's innovative approach to increasing its financial capabilities and supporting its clients effectively.
Collaboration
Collaboration is vital for achieving shared goals and fostering a team-oriented environment. SLR Investment Corp. promotes collaboration among its teams and with its partners to drive better outcomes.
As of September 30, 2024, the SLR Senior Lending Program LLC had total assets of $224.9 million, reflecting effective collaboration between SLRC and its investor partners. This joint venture aims to invest primarily in senior secured cash flow loans, illustrating the strength of partnerships in achieving strategic objectives.
Excellence
Excellence in service and performance is a foundational value at SLR Investment Corp. The company strives to exceed expectations in all areas of its business.
For the nine months ended September 30, 2024, SLRC achieved net income of $21.3 million from its credit solutions segment, up significantly from $1.4 million in the same period of 2023. This improvement underscores the company’s commitment to operational excellence and value creation for its shareholders.
Accountability
Accountability ensures that all team members take responsibility for their actions and decisions. SLR Investment Corp. fosters a culture of accountability to enhance trust and performance.
In 2024, SLRC authorized a stock repurchase program of up to $50 million as part of its commitment to returning value to shareholders. This decision reflects the company’s accountability to its investors and its proactive approach to managing capital effectively.
| Core Value | Description | Key Action | Financial Impact |
|---|---|---|---|
| Integrity | Commitment to honesty and ethical behavior | Transparent financial reporting | Total assets: $2.44 billion |
| Innovation | Continuous improvement and adaptation | Expansion of credit facility | Facility expanded to $350 million |
| Collaboration | Fostering teamwork and partnerships | Joint ventures for investment | Assets at SLR Senior Lending Program: $224.9 million |
| Excellence | Striving for superior performance | Increased net income | Net income of $21.3 million for 2024 |
| Accountability | Responsibility for actions and decisions | Stock repurchase program | Authorization for $50 million in repurchases |
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Updated on 16 Nov 2024
Resources:
- SLR Investment Corp. (SLRC) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of SLR Investment Corp. (SLRC)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View SLR Investment Corp. (SLRC)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.