SLRC - SLR Investment posts strong Q4 results on higher investment income origination volume

SLR Investment ( NASDAQ: SLRC ) on Tuesday posted strong Q4 results , driven by growth in net investment income and origination volume.

Q4 net investment income per share was $0.41 vs. $0.37 in Q3 and $0.35 in Q4 2021. Net investment income stood at $22.5M, up 12.5% sequentially and up 51% Y/Y.

At December 31, 2022, net asset value was $18.33 per share vs. $18.37 at September 30, 2022.

During Q4, SLR ( SLRC ) had total originations of $430.2M, up 9.2% from Q3, and repayments of $409M, more than double sequentially, across its investment strategies. As a result, net portfolio activity was $21.2M in Q4 vs. $234.9M in Q3.

"At year end, ~78% of SLRC's comprehensive portfolio is allocated to asset-based lending and specialty finance investments that have borrowing bases and full covenant structures supporting the senior secured loans," said co-CEO Michael Gross. "We believe this asset mix positions us defensively for an economic downturn while enabling us to be opportunistic in allocating capital in 2023."

During 2022, SLR ( SLRC ) repurchased ~217.3K shares at an average price of ~$13.98 per share. As of December 31, 2022, the total dollar amount of shares repurchased was ~$3M.

Conf call on March 1 at 10 am ET.

Earlier, SLR ( SLRC ) declared $0.1367 monthly dividend .

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