Operator: Good day, everyone. And welcome to the Q3, 2023 SLR Investment Corporation Investment Corporation Earnings Conference. At this time, all participants are in a listen-only mode.
Markets
Oppenheimer analyst Chris Kotowski assigned a Buy rating to Ares Capital (ARCC – Research Report) yesterday and set a price target of $19.00. The company’s shares closed last Wednesday at $19.37, close to its 52-week high of $19.76.
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 18.3% and a 69.8% success rate. Kotowski covers the Financial sector, focusing on stocks such as Apollo Global Management, Focus Financial Partners, and Solar Senior Capital.
Ares Capital has an analyst consensus of Strong Buy, with a price target consensus of $19.60, which is a 0.6% upside from current levels. In a report issued on April 16, Jefferies also maintained a Buy rating on the stock with a $22.00 price target.
Number of unique issuers : 205
Net assets: $255.4 million
Net Debt to Equity: 0.34x
Available Capital : Over $290 million, subject to borrowing base availability
Comprehensive Portfolio Activity for the Quarter Ended December 31, 2020
Investments made during the quarter: $35.4 million
Investments repaid or sold during the quarter: $98.6 million
Comprehensive Portfolio Activity for the Year Ended December 31, 2020
Investments made during the year: $166.6 million
Investments prepaid or sold during the year: $370.9 million
Operating Results for the Quarter Ended December 31, 2020
Net investment income: $4.8 million
Net investment income per share: $0.30
Net realized and unrealized gain: $2.0 million
Net increase in net assets from operations: $6.9 million
Earnings per share: $0.43
Net investment income: $20.4 million