SLR Investment (NASDAQ:SLRC) Insider Michael Gross Buys 20,000 Shares

SLR Investment Corp. (NASDAQ:SLRC) insider Michael Gross bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average price of $12.35 per share, with a total value of $247,000.00. Following the completion of the purchase, the insider owned 4,065,153 shares in the company, valued at approximately $50,204,639.55. This trade represents a 0.49% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

SLR Investment Stock Performance

NASDAQ SLRC traded down $0.23 during mid-day trading on Friday, reaching $12.09. 435,562 shares of the stock were exchanged, compared to its average volume of 379,321. The company has a market capitalization of $659.63 million, a P/E ratio of 8.96 and a beta of 0.64. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.09. The business’s 50 day moving average is $12.80 and its 200-day moving average is $13.55. SLR Investment Corp. has a 1 year low of $11.98 and a 1 year high of $16.48.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. The company had revenue of $20.50 million during the quarter, compared to analysts’ expectations of $48.82 million. SLR Investment had a net margin of 35.20% and a return on equity of 7.96%. On average, equities research analysts forecast that SLR Investment Corp. will post 1.31 EPS for the current fiscal year.

SLR Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 10.3%. SLR Investment’s dividend payout ratio (DPR) is 91.85%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SLRC shares. JPMorgan Chase & Co. reduced their price target on SLR Investment from $13.50 to $12.00 and set an “underweight” rating for the company in a report on Thursday, July 2nd. Weiss Ratings lowered SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. B. Riley Financial cut SLR Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Zacks Research raised SLR Investment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.10.

Institutional Trading of SLR Investment

Institutional investors and hedge funds have recently modified their holdings of the stock. Thornburg Investment Management Inc. raised its position in shares of SLR Investment by 1.6% during the 2nd quarter. Thornburg Investment Management Inc. now owns 4,708,772 shares of the financial services provider’s stock worth $58,248,000 after purchasing an additional 75,341 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in SLR Investment by 1.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,357,679 shares of the financial services provider’s stock worth $20,990,000 after buying an additional 15,264 shares during the last quarter. Van ECK Associates Corp increased its stake in SLR Investment by 24.8% during the 2nd quarter. Van ECK Associates Corp now owns 1,104,114 shares of the financial services provider’s stock worth $13,658,000 after buying an additional 219,110 shares in the last quarter. UBS Group AG increased its stake in SLR Investment by 15.5% during the 4th quarter. UBS Group AG now owns 577,728 shares of the financial services provider’s stock worth $8,932,000 after buying an additional 77,705 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of SLR Investment by 8.0% during the fourth quarter. Franklin Resources Inc. now owns 449,290 shares of the financial services provider’s stock valued at $6,946,000 after acquiring an additional 33,185 shares during the last quarter. Hedge funds and other institutional investors own 35.32% of the company’s stock.

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.