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

SLR Investment (NASDAQ:SLRC) announced its earnings results on Tuesday. The financial services provider reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33, Zacks reports. SLR Investment had a net margin of 28.75% and a return on equity of 7.61%. The company had revenue of $49.34 million during the quarter, compared to analysts’ expectations of $48.93 million.

SLR Investment Trading Down 1.4%

Shares of SLRC opened at $11.81 on Friday. SLR Investment has a twelve month low of $10.96 and a twelve month high of $16.36. The stock has a market cap of $633.84 million, a PE ratio of 11.14 and a beta of 0.69. The business’s 50-day moving average price is $11.80 and its 200-day moving average price is $13.33. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.14.

SLR Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend is Monday, December 14th. SLR Investment’s payout ratio is presently 116.98%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SLRC shares. Weiss Ratings reissued a “hold (c-)” rating on shares of SLR Investment in a report on Monday, October 26th. Zacks Research upgraded shares of SLR Investment from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of SLR Investment from a “sell” rating to a “hold” rating in a report on Saturday, October 31st. Finally, B. Riley Financial reduced their target price on SLR Investment from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $13.92.

Insiders Place Their Bets

In other SLR Investment news, insider Michael Gross acquired 20,000 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were acquired at an average price of $12.35 per share, for a total transaction of $247,000.00. Following the completion of the acquisition, the insider owned 4,065,153 shares in the company, valued at $50,204,639.55. This trade represents a 0.49% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.10% of the stock is currently owned by insiders.

SLR Investment Company Profile

SLR Investment Corp. (NASDAQ: SLRC) is a business development company that provides financing to middle-market companies, primarily in the United States. The company seeks to support businesses that may have limited access to traditional bank financing by investing in a range of debt and equity securities.

Its investment activities generally focus on senior secured loans, subordinated debt, mezzanine investments and equity interests. SLR Investment typically partners with private equity sponsors and company management teams, providing capital for acquisitions, recapitalizations, refinancing, growth initiatives and other corporate purposes.