SLR Investment Corp. (NASDAQ:SLRC) to Issue $0.31 Quarterly Dividend

SLR Investment Corp. (NASDAQ:SLRC) declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Friday, June 12th will be given a dividend of 0.31 per share by the financial services provider on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Friday, June 12th.

SLR Investment has a dividend payout ratio of 100.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect SLR Investment to earn $1.60 per share next year, which means the company may not be able to cover its $1.64 annual dividend with an expected future payout ratio of 102.5%.

SLR Investment Stock Up 0.2%

SLRC opened at $15.97 on Wednesday. The firm has a 50-day simple moving average of $14.86 and a two-hundred day simple moving average of $15.14. SLR Investment has a 52 week low of $13.78 and a 52 week high of $17.19. The company has a market capitalization of $871.32 million, a PE ratio of 9.39 and a beta of 0.71. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). SLR Investment had a net margin of 42.34% and a return on equity of 8.76%. The company had revenue of $47.14 million for the quarter, compared to the consensus estimate of $54.01 million. Analysts forecast that SLR Investment will post 1.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

SLRC has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of SLR Investment from $15.00 to $14.00 and set an “underweight” rating for the company in a report on Friday, March 13th. Wells Fargo & Company decreased their price objective on SLR Investment from $13.00 to $12.00 and set an “underweight” rating on the stock in a report on Tuesday, March 3rd. Raymond James Financial set a $16.00 price objective on SLR Investment and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Wall Street Zen raised SLR Investment from a “sell” rating to a “hold” rating in a report on Sunday, April 12th. Finally, Keefe, Bruyette & Woods decreased their price objective on SLR Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.29.

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.