SLR Investment (NASDAQ:SLRC) Releases Earnings Results, Meets Expectations

SLR Investment (NASDAQ:SLRC) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33, Zacks reports. SLR Investment had a net margin of 35.20% and a return on equity of 7.96%. The business had revenue of $49.34 million during the quarter, compared to analyst estimates of $48.93 million.

SLR Investment Price Performance

Shares of SLR Investment stock traded up $0.52 on Wednesday, hitting $12.31. The company had a trading volume of 115,299 shares, compared to its average volume of 380,220. SLR Investment has a 52 week low of $10.96 and a 52 week high of $16.36. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $671.91 million, a PE ratio of 9.12 and a beta of 0.69. The business has a 50-day simple moving average of $11.83 and a 200-day simple moving average of $13.38.

SLR Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 28th. Investors of record on Monday, December 14th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date is Monday, December 14th. SLR Investment’s dividend payout ratio is currently 91.85%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SLRC. B. Riley Financial lowered shares of SLR Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SLR Investment in a report on Monday, October 26th. Wall Street Zen raised SLR Investment from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Research upgraded SLR Investment from a “strong sell” rating to a “hold” rating in a report 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, the company has a consensus rating of “Hold” and a consensus target price of $14.10.

Insider Buying and Selling at SLR Investment

In other news, insider Michael Gross bought 20,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average cost of $12.35 per share, with a total value of $247,000.00. Following the completion of the acquisition, the insider directly owned 4,065,153 shares in the company, valued at approximately $50,204,639.55. The trade was a 0.49% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.10% of the stock is currently owned by company 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.