SLR Investment (NASDAQ:SLRC) Posts Earnings Results, Misses Expectations By $0.02 EPS

SLR Investment (NASDAQ:SLRC) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02), Zacks reports. SLR Investment had a net margin of 39.93% and a return on equity of 9.26%.

SLR Investment Stock Performance

SLRC stock traded down $0.01 during trading on Tuesday, reaching $15.37. 298,304 shares of the company’s stock were exchanged, compared to its average volume of 202,184. SLR Investment has a 1-year low of $13.64 and a 1-year high of $17.94. The firm has a market cap of $838.59 million, a PE ratio of 9.49 and a beta of 0.73. The company’s fifty day moving average price is $15.50 and its 200-day moving average price is $15.98. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.18.

Analysts Set New Price Targets

A number of research firms recently commented on SLRC. Weiss Ratings reiterated a “buy (b-)” rating on shares of SLR Investment in a research note on Tuesday, October 14th. Wells Fargo & Company restated an “underweight” rating and set a $13.00 price objective (up from $12.00) on shares of SLR Investment in a research note on Tuesday, August 12th. Wall Street Zen cut shares of SLR Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of SLR Investment from $16.00 to $15.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, SLR Investment has an average rating of “Hold” and a consensus price target of $16.11.

Insider Buying and Selling at SLR Investment

In related news, Director Andrea Colvin Roberts bought 7,190 shares of the stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of $16.73 per share, with a total value of $120,288.70. Following the purchase, the director owned 7,190 shares in the company, valued at approximately $120,288.70. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SLR Investment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SLRC. Brevan Howard Capital Management LP acquired a new stake in SLR Investment in the second quarter worth approximately $193,000. Ameriprise Financial Inc. lifted its holdings in shares of SLR Investment by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 102,604 shares of the financial services provider’s stock valued at $1,652,000 after buying an additional 1,692 shares during the period. Jane Street Group LLC bought a new position in SLR Investment during the second quarter valued at about $746,000. Raymond James Financial Inc. grew its holdings in SLR Investment by 3.0% during the second quarter. Raymond James Financial Inc. now owns 326,952 shares of the financial services provider’s stock worth $5,277,000 after acquiring an additional 9,627 shares during the period. Finally, Sei Investments Co. raised its position in SLR Investment by 17.8% in the second quarter. Sei Investments Co. now owns 306,107 shares of the financial services provider’s stock worth $4,941,000 after acquiring an additional 46,230 shares in the last quarter. Institutional investors own 35.32% of the company’s stock.

SLR Investment Company Profile

SLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies.