SLR Investment (NASDAQ:SLRC) Announces Earnings Results, Meets Estimates

SLR Investment (NASDAQ:SLRC) released its quarterly earnings results on Tuesday. The financial services provider reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40, Zacks reports. SLR Investment had a net margin of 41.00% and a return on equity of 8.98%.

SLR Investment Stock Up 1.7%

Shares of SLR Investment stock traded up $0.24 on Tuesday, hitting $14.65. The stock had a trading volume of 484,108 shares, compared to its average volume of 288,361. The stock has a 50 day moving average of $15.20 and a 200 day moving average of $15.49. SLR Investment has a twelve month low of $13.64 and a twelve month high of $17.94. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.07 and a current ratio of 1.07.

Institutional Trading of SLR Investment

Several institutional investors have recently modified their holdings of the business. Ensign Peak Advisors Inc bought a new stake in shares of SLR Investment in the 4th quarter valued at about $5,411,000. Millennium Management LLC bought a new position in shares of SLR Investment during the third quarter worth about $2,650,000. UBS Group AG lifted its stake in shares of SLR Investment by 22.4% in the third quarter. UBS Group AG now owns 500,023 shares of the financial services provider’s stock worth $7,645,000 after acquiring an additional 91,622 shares during the period. Two Sigma Investments LP boosted its holdings in SLR Investment by 25.4% in the third quarter. Two Sigma Investments LP now owns 380,119 shares of the financial services provider’s stock valued at $5,812,000 after acquiring an additional 76,931 shares during the last quarter. Finally, Bank of America Corp DE increased its position in SLR Investment by 137.1% during the 3rd quarter. Bank of America Corp DE now owns 127,033 shares of the financial services provider’s stock valued at $1,942,000 after purchasing an additional 73,451 shares during the period. Institutional investors own 35.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods decreased their price target on 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. Wall Street Zen upgraded shares of SLR Investment from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of SLR Investment in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.04.

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.