19-Apr-2024
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Globe Newswire (Mon, 1-Apr 8:00 AM ET)
SLR Investment Corp. Announces Quarter and Year Ended December 31, 2023 Financial Results
Globe Newswire (Tue, 27-Feb 4:01 PM ET)
Globe Newswire (Thu, 1-Feb 9:00 AM ET)
SLR Investment Corp is a closed-end externally managed, non-diversified management investment company that has elected to be treated as a business development company. It provides U.S. middle market businesses and intermediaries with bespoke debt financing solutions to fund working capital, acquisition, refinancing and growth capital requirements. It invests majorly in leveraged middle-market companies in the form of senior secured loans, financing leases and to a lesser extent, unsecured loans and equity securities.
SLR Investment Corp. - Closed End trades on the NASDAQ stock market under the symbol SLRC.
As of April 19, 2024, SLRC stock price climbed to $15.13 with 113,766 million shares trading.
SLRC has a beta of 0.55, meaning it tends to be less sensitive to market movements. SLRC has a correlation of 0.20 to the broad based SPY ETF.
SLRC has a market cap of $825.41 million. This is considered a Small Cap stock.
Last quarter SLR Investment Corp. - Closed End reported $60 million in Revenue and $.44 earnings per share. This beat revenue expectation by $277,000 and exceeded earnings estimates by $.01.
In the last 3 years, SLRC stock traded as high as $20.05 and as low as $12.08.
The top ETF exchange traded funds that SLRC belongs to (by Net Assets): BIZD, VPC, ISMD, DVDN.
SLRC has underperformed the market in the last year with a return of +14.8%, while the SPY ETF gained +21.2%. In the last 3 month period, SLRC fell short of the market, returning +2.9%, while SPY returned +4.3%. However, in the most recent 2 weeks SLRC has outperformed the stock market by returning +0.5%, while SPY returned -3.5%.
SLRC support price is $14.85 and resistance is $15.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SLRC stock will trade within this expected range on the day.