SLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies. The fund invests in aerospace and defense; air freight & logistics; asset management; automotive; banking; beverage, food and tobacco; building products; buildings and real estate; broadcasting and entertainment; cargo transport; commercial services and supplies; communications equipment; chemicals, plastics and rubber; containers, packaging and glass; construction & engineering; diversified/conglomerate manufacturing; consumer Finance; distributors; diversified/conglomerate services; diversified financial services; diversified real estate activities; food products; Footwear; Education Services; diversified telecommunications services; electronics; farming and agriculture; finance; grocery; health care equipment and supplies; health care facilities; education and childcare; home and office furnishing, durable consumer products; hotels, motels, inns and gaming; insurance; restaurants, leisure, amusement, and entertainment; leisure equipment tolls and services, media, multiline retail, multi sector holdings; paper and forest products; personal products; professional services, research and consulting services, software; specialty retail; textiles apparel and luxury goods, thrifts and mortgage finance, trading companies and distributors, utilities, and wireless telecommunication services; industrial conglomerates; internet software and services, IT services, machinery; mining, steel, iron, and non-precious metals; oil and gas; personal, food and miscellaneous services; printing and publishing; retail stores; telecommunications; textiles and leather; and utilities. It also invests in life sciences with focus on specialty pharmaceuticals, medical devices, biotech, health Care Providers and services; health Care technology, enabling technologies and tools. The fund primarily invests in United States. The fund's investments generally range between $5 million and $100 million. The fund invests in companies with revenues between $50 million and $1 billion and EBITDA between $15 million and $100 million. It invests in the form of senior secured loans, mezzanine loans, and equity securities. It may also seek investments in thinly traded public companies and also make secondary investments. The fund makes non-control equity investments. It primarily exits within three years of the initial capital commitment.
Company profile
Ticker
SLRC
Exchange
Website
CEO
Mr. Michael Stuart Gross
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ADVANCED SEMICONDUCTOR ENGINEERING INC, ASE Industrial Holding Co., Ltd.
SEC CIK
Corporate docs
Subsidiaries
NEFCORP LLC • NEFPASS LLC • ESP SSC Corporation • SUNS SPV LLC ...
IRS number
261381340
SLRC stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
9 Oct 24
DEF 14A
Definitive proxy
9 Oct 24
8-K
Entry into a Material Definitive Agreement
19 Aug 24
8-K
Results of Operations and Financial Condition
7 Aug 24
10-Q
2024 Q2
Quarterly report
7 Aug 24
8-K
Results of Operations and Financial Condition
8 May 24
10-Q
2024 Q1
Quarterly report
8 May 24
8-K
Stable NAV and Strong Portfolio Credit Quality
27 Feb 24
10-K
2023 FY
Annual report
27 Feb 24
8-K
Submission of Matters to a Vote of Security Holders
16 Nov 23
Transcripts
SLRC
Earnings call transcript
2024 Q2
8 Aug 24
SLRC
Earnings call transcript
2024 Q1
9 May 24
SLRC
Earnings call transcript
2023 Q3
8 Nov 23
SLRC
Earnings call transcript
2023 Q2
9 Aug 23
SLRC
Earnings call transcript
2023 Q2
9 Aug 23
SLRC
Earnings call transcript
2023 Q1
11 May 23
SLRC
Earnings call transcript
2022 Q4
1 Mar 23
SLRC
Earnings call transcript
2022 Q3
3 Nov 22
SLRC
Earnings call transcript
2022 Q2
3 Aug 22
SLRC
Earnings call transcript
2022 Q1
4 May 22
Latest ownership filings
4
Andrea Colvin Roberts
21 Jun 24
4
BRUCE J SPOHLER
15 Mar 24
4
MICHAEL S GROSS
15 Mar 24
4
Shiraz Kajee
15 Mar 24
SC 13D/A
GROSS MICHAEL S
8 Mar 24
4
MICHAEL S GROSS
8 Mar 24
4
BRUCE J SPOHLER
8 Mar 24
4
MICHAEL S GROSS
6 Mar 24
4
BRUCE J SPOHLER
6 Mar 24
SC 13G
THORNBURG INVESTMENT MANAGEMENT INC
9 Feb 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 285.16 mm | 285.16 mm | 285.16 mm | 285.16 mm | 285.16 mm | 285.16 mm |
Cash burn (monthly) | 7.66 mm | 5.21 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 28.75 mm | 19.55 mm | n/a | n/a | n/a | n/a |
Cash remaining | 256.41 mm | 265.61 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 33.5 | 51.0 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2024
31.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 111 |
Opened positions | 72 |
Closed positions | 8 |
Increased positions | 14 |
Reduced positions | 13 |
13F shares | Current |
---|---|
Total value | 227.19 bn |
Total shares | 17.03 mm |
Total puts | 6.40 k |
Total calls | 28.00 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Thornburg Investment Management | 4.34 mm | $69.81 bn |
Aristotle Capital Boston | 1.45 mm | $23.35 bn |
Ares Management | 1.43 mm | $23.00 bn |
JPM JPMorgan Chase & Co. | 1.33 mm | $21.43 bn |
Gross Michael S | 1.29 mm | $19.83 mm |
Van Eck Associates | 935.97 k | $15.06 mm |
LGEN Legal & General | 429.33 k | $6.90 bn |
Two Sigma Advisers | 417.08 k | $6.71 bn |
SEIC SEI Investments | 311.82 k | $5.02 bn |
Two Sigma Investments | 285.30 k | $4.59 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Jun 24 | Andrea Colvin Roberts | Common Stock | Buy | Acquire P | No | No | 15.98 | 25,000 | 399.50 k | 25,000 |
13 Mar 24 | Bruce J Spohler | Common Stock | Grant | Acquire A | Yes | No | 0 | 202,577.385 | 0.00 | 3,643,136 |
13 Mar 24 | Bruce J Spohler | Common Stock | Option exercise | Dispose M | Yes | No | 0 | 202,577.385 | 0.00 | 3,440,558.615 |
13 Mar 24 | Bruce J Spohler | RSU Common Stock | Grant | Dispose A | Yes | No | 0 | 405,313.385 | 0.00 | 405,313.385 |
13 Mar 24 | Bruce J Spohler | RSU Common Stock | Option exercise | Dispose M | Yes | No | 0 | 202,577.385 | 0.00 | 138,471.22 |
13 Mar 24 | Gross Michael S | Common Stock | Grant | Acquire A | Yes | No | 0 | 202,577.385 | 0.00 | 3,804,860 |
13 Mar 24 | Gross Michael S | Common Stock | Option exercise | Dispose M | Yes | No | 0 | 202,577.385 | 0.00 | 3,602,282.615 |
13 Mar 24 | Gross Michael S | RSU Common Stock | Grant | Dispose A | Yes | No | 0 | 405,313.385 | 0.00 | 405,313.385 |
13 Mar 24 | Gross Michael S | RSU Common Stock | Option exercise | Dispose M | Yes | No | 0 | 202,577.385 | 0.00 | 138,471.22 |
13 Mar 24 | Shiraz Kajee | RSU Common Stock | Grant | Acquire A | No | No | 0 | 11,564.57 | 0.00 | 11,564.57 |
News
SLR Investment Corp. Acquired An Asset-Based Factoring Portfolio And Operations From Webster Bank, N.A.'s Commercial Services Division For $115M, In An Asset Purchase That Includes A Team Of Professionals And A Seasoned Portfolio
30 Sep 24
SLR Inv Q2 2024 GAAP EPS $0.45 Beats $0.43 Estimate, Sales $58.978M Beat $58.066M Estimate
7 Aug 24
Peeling Back The Layers: Exploring SLR Inv Through Analyst Insights
29 Jul 24
JP Morgan Downgrades SLR Inv to Underweight, Lowers Price Target to $15
29 Jul 24
Wells Fargo Maintains Underweight on SLR Inv, Raises Price Target to $13
26 Jul 24
Press releases
SLR Investment Corp. Announces Acquisition of Factoring Business
30 Sep 24
SLR Investment Corp. Announces Quarter Ended June 30, 2024 Financial Results
7 Aug 24
Sabio Announces Closing of a New US$10 Million Credit Facility
31 Jul 24
Sabio Announces Closing of a New US$10 Million Credit Facility
31 Jul 24