SLR Investment (NASDAQ:SLRC) Insider Buys $130,900.00 in Stock

SLR Investment Corp. (NASDAQ:SLRC) insider Michael Gross acquired 10,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was bought at an average price of $13.09 per share, with a total value of $130,900.00. Following the transaction, the insider directly owned 4,035,153 shares in the company, valued at approximately $52,820,152.77. This represents a 0.25% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

SLR Investment Trading Up 2.3%

SLRC opened at $13.23 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $721.83 million, a PE ratio of 8.07 and a beta of 0.71. SLR Investment Corp. has a 1-year low of $12.82 and a 1-year high of $17.19. The firm has a 50-day moving average price of $14.63 and a two-hundred day moving average price of $15.07.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). The company had revenue of $47.14 million during the quarter, compared to analyst estimates of $54.01 million. SLR Investment had a net margin of 41.81% and a return on equity of 8.33%. As a group, equities analysts anticipate that SLR Investment Corp. will post 1.33 earnings per share for the current fiscal year.

SLR Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend is Friday, June 12th. SLR Investment’s dividend payout ratio (DPR) is 100.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SLRC. Ensign Peak Advisors Inc bought a new position in SLR Investment during the 4th quarter worth approximately $5,411,000. Closed End Fund Advisors Inc. bought a new position in SLR Investment during the 4th quarter worth approximately $4,033,000. Millennium Management LLC bought a new position in SLR Investment during the 3rd quarter worth approximately $2,650,000. Muzinich & Co. Inc. boosted its stake in SLR Investment by 37.4% during the 4th quarter. Muzinich & Co. Inc. now owns 534,336 shares of the financial services provider’s stock worth $8,261,000 after acquiring an additional 145,323 shares during the last quarter. Finally, Triad Investment Management bought a new position in SLR Investment during the 4th quarter worth approximately $1,930,000. Institutional investors own 35.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SLRC. Keefe, Bruyette & Woods reduced their target price on shares of SLR Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a research note on Monday, March 30th. Wall Street Zen lowered shares of SLR Investment from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Zacks Research lowered shares of SLR Investment from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. reduced their target price on shares of SLR Investment from $14.00 to $13.50 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. Finally, Raymond James Financial set a $16.00 target price on shares of SLR Investment and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $14.40.

SLR Investment Company Profile

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.