Slr Investment Corp Stock Price, News & Analysis

On February 25, 2021, Solar Capital Ltd. will rebrand as SLR Investment Corp. (Nasdaq: SLRC), aligning with its investment advisor's new name, SLR Capital Partners. The change reflects a unified branding strategy aimed at enhancing its suite of financing solutions for U.S. middle market borrowers. SLR Investment plans to continue investing in various loan types while leveraging its recent acquisition of Kingsbridge Holdings to boost net investment income.

Solar Capital Ltd. (NASDAQ: SLRC) announced a comprehensive investment portfolio growth of 37% QoQ, surpassing $2 billion in value, and declared a quarterly distribution of $0.41 per share for Q1 2021. For Q4 2020, net investment income reached $14.9 million or $0.35 per share, with a fiscal year income totaling $59.2 million or $1.40 per share. The company's NAV is $20.16 per share, with a 100% performing portfolio. Access to over $700 million in low-cost capital positions Solar Capital for future growth.

Solar Capital Ltd. (NASDAQ: SLRC) will release its financial results for the quarter and fiscal year ending December 31, 2020, on February 24, 2021, after market close. An earnings conference call and audio webcast is scheduled for February 25, 2021, at 10:00 a.m. ET. Participants can join the call by dialing (844) 889-7786 or (661) 378-9930 for international callers. The Company, a business development company, specializes in investing in leveraged U.S. middle market companies through cash flow senior secured loans and asset-based loans.

Solar Capital Ltd. (NASDAQ: SLRC) reported a net investment income of $14.3 million, or $0.34 per share, for Q3 2020, with a slight increase in net asset value (NAV) to $20.14 per share. The company boasts a fully performing portfolio valued at $1.49 billion and announced a fourth-quarter distribution of $0.41 per share, payable on January 5, 2021. The recent acquisition of Kingsbridge Holdings aims to enhance its specialty finance platform, projecting a gross income of $20 million from the investment in 2021. The net debt-to-equity ratio stood at 0.56x as of September 30, 2020.

Solar Capital Ltd. (NASDAQ: SLRC) announced on November 3, 2020, the acquisition of an 87.5% stake in Kingsbridge Holdings LLC for approximately $216 million, comprising $136 million in equity and $80 million in debt. Kingsbridge, a leading lessor of essential-use equipment, will enhance Solar Capital's specialty finance platform, increasing its diversified portfolio to 84% in specialty finance investments. The acquired portfolio of leases, totaling around $440 million, has an average funded exposure of $850,000 and is 100% performing, primarily held by investment-grade borrowers.

Solar Capital Ltd. (NASDAQ: SLRC) plans to release its financial results for the third quarter of 2020 on November 5, 2020, after market closure. An earnings conference call will occur on November 6, 2020, at 10:00 a.m. ET, allowing stakeholders to participate via phone or live audio webcast. Interested parties can join the call by dialing designated numbers, and a replay will be available until November 20, 2020. Solar Capital Ltd. operates as a business development company, focusing on investments in leveraged U.S. middle market companies.

Solar Capital Ltd. (SLRC) reported a net investment income of $14.2 million or $0.34 per share for Q2 2020, down from $18.4 million in Q2 2019. The net asset value (NAV) per share increased by 4.5% to $20.11. With a portfolio consisting of 183 companies valued at $1.58 billion, 100% was performing. The debt-to-equity ratio stood at 0.59x, indicating sound financial management. A distribution of $0.41 per share was declared for Q3. Despite a decline in total investment income year-over-year, the company emphasizes its strong liquidity and capital position for future growth.

Solar Capital Ltd. (NASDAQ: SLRC) will release its financial results for Q2 2020 on August 4, 2020, after market close. An earnings conference call is scheduled for August 5, 2020, at 10:00 a.m. ET. Interested participants can join by calling (844) 889-7786 or via international line (661) 378-9930, using passcode 6667784. The conference call will also be available via a live audio webcast on Solar Capital's website.

The company focuses on investments in U.S. middle-market companies through senior secured loans and asset-based loans.

Solar Capital Ltd. (NASDAQ: SLRC) announced its Q1 2020 results with net investment income of $15.9 million ($0.38 per share). The NAV per share stands at $19.24, down 10.3% from the end of 2019 due to unrealized losses. 100% of the portfolio is performing, with $700 million in available liquidity and a low net leverage of 0.56x. The Board declared a distribution of $0.41 per share for Q2 2020. Investment activity for the quarter included $83.8 million in originations and $256.1 million in repayments, resulting in a net portfolio reduction of $172.3 million.