SLR Investment (NASDAQ:SLRC) Insider Michael Gross Acquires 10,452 Shares

SLR Investment Corp. (NASDAQ:SLRC) insider Michael Gross purchased 10,452 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was bought at an average cost of $13.90 per share, with a total value of $145,282.80. Following the completion of the acquisition, the insider owned 4,025,153 shares of the company’s stock, valued at approximately $55,949,626.70. The trade was a 0.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

SLR Investment Trading Up 2.7%

SLRC opened at $14.30 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. SLR Investment Corp. has a 52 week low of $13.64 and a 52 week high of $17.26. The business’s fifty day simple moving average is $14.93 and its 200 day simple moving average is $15.28.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Tuesday, February 24th. The financial services provider reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. The firm had revenue of $54.46 million during the quarter, compared to the consensus estimate of $54.97 million. SLR Investment had a net margin of 42.34% and a return on equity of 8.76%. As a group, equities analysts predict that SLR Investment Corp. will post 1.76 EPS for the current year.

SLR Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date of this dividend is Friday, March 13th. SLR Investment’s payout ratio is currently 96.47%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their target price on shares of SLR Investment from $17.00 to $16.50 and set a “market perform” rating on the stock in a research report on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SLR Investment in a report on Monday, December 29th. Compass Point raised SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price target on the stock in a research note on Tuesday, March 10th. JPMorgan Chase & Co. decreased their price objective on SLR Investment from $15.00 to $14.00 and set an “underweight” rating on the stock in a report on Friday, March 13th. Finally, Wells Fargo & Company lowered their price objective on SLR Investment from $13.00 to $12.00 and set an “underweight” rating for the company in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.50.

Institutional Investors Weigh In On SLR Investment

A number of institutional investors have recently bought and sold shares of the stock. J.W. Cole Advisors Inc. increased its position in SLR Investment by 4.4% during the second quarter. J.W. Cole Advisors Inc. now owns 14,904 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 633 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of SLR Investment by 2.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 30,599 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 672 shares during the last quarter. Inspire Investing LLC grew its stake in shares of SLR Investment by 2.3% during the 4th quarter. Inspire Investing LLC now owns 30,238 shares of the financial services provider’s stock valued at $467,000 after buying an additional 688 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of SLR Investment by 4.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 19,902 shares of the financial services provider’s stock valued at $304,000 after buying an additional 824 shares during the period. Finally, NewEdge Wealth LLC increased its holdings in shares of SLR Investment by 0.9% during the 4th quarter. NewEdge Wealth LLC now owns 96,455 shares of the financial services provider’s stock worth $1,491,000 after buying an additional 881 shares during the last quarter. 35.32% of the stock is currently owned by hedge funds and other institutional investors.

About SLR Investment

SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.

SLR Investment Corp.