Key Points
- Insider buy: Director Michael Gross purchased 10,452 shares at $13.90 on March 16 for $145,282.80, raising his stake to 4,025,153 shares (a 0.26% increase) valued at about $55.95 million.
- High dividend yield: SLR declared a $0.41 quarterly dividend (ex-dividend March 13, payable March 27), equal to a $1.64 annualized payout and an 11.5% yield with a payout ratio of 96.47%.
- Recent results showed EPS of $0.40 (in line with estimates) and revenue slightly below expectations, while analysts’ views are mixed—MarketBeat’s average rating is "Hold" with a $15.50 average price target.
SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) insider Michael Gross purchased 10,452 shares of the stock in a transaction on Monday, March 16th. The shares were purchased at an average cost of $13.90 per share, with a total value of $145,282.80. Following the transaction, the insider owned 4,025,153 shares of the company's stock, valued at $55,949,626.70. This trade represents a 0.26% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
SLR Investment Price Performance
SLR Investment stock opened at $14.30 on Wednesday. SLR Investment Corp. has a 12 month low of $13.64 and a 12 month high of $17.26. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.04 and a current ratio of 1.04. The stock's 50-day moving average is $14.93 and its 200-day moving average is $15.28.
SLR Investment (NASDAQ:SLRC - Get Free Report) last issued its earnings results on Tuesday, February 24th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.40. The business had revenue of $54.46 million during the quarter, compared to analysts' expectations of $54.97 million. SLR Investment had a return on equity of 8.76% and a net margin of 42.34%. Equities research analysts anticipate that SLR Investment Corp. will post 1.76 earnings per share for the current year.
SLR Investment Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 11.5%. The ex-dividend date is Friday, March 13th. SLR Investment's payout ratio is currently 96.47%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on SLRC shares. Weiss Ratings reissued a "hold (c+)" rating on shares of SLR Investment in a research note on Monday, December 29th. JPMorgan Chase & Co. decreased their price target on shares of SLR Investment from $15.00 to $14.00 and set an "underweight" rating for the company in a research report on Friday, March 13th. Keefe, Bruyette & Woods lowered their price target on SLR Investment from $17.00 to $16.50 and set a "market perform" rating for the company in a report on Tuesday, November 18th. Compass Point raised SLR Investment from a "neutral" rating to a "buy" rating and set a $16.50 price objective on the stock in a research report on Tuesday, March 10th. Finally, Wells Fargo & Company reduced their price objective on SLR Investment from $13.00 to $12.00 and set an "underweight" rating on the stock in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, SLR Investment has an average rating of "Hold" and an average price target of $15.50.
View Our Latest Stock Analysis on SLR Investment
Institutional Investors Weigh In On SLR Investment
Several hedge funds and other institutional investors have recently bought and sold shares of the business. J.W. Cole Advisors Inc. raised its position in shares of SLR Investment by 4.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 14,904 shares of the financial services provider's stock valued at $241,000 after purchasing an additional 633 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in shares of SLR Investment by 2.2% during the third quarter. Chicago Partners Investment Group LLC now owns 30,599 shares of the financial services provider's stock worth $474,000 after buying an additional 672 shares in the last quarter. Inspire Investing LLC grew its position in shares of SLR Investment by 2.3% during the fourth quarter. Inspire Investing LLC now owns 30,238 shares of the financial services provider's stock worth $467,000 after buying an additional 688 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of SLR Investment by 4.3% in the third quarter. Envestnet Asset Management Inc. now owns 19,902 shares of the financial services provider's stock worth $304,000 after buying an additional 824 shares during the last quarter. Finally, NewEdge Wealth LLC increased its stake in shares of SLR Investment by 0.9% in the fourth quarter. NewEdge Wealth LLC now owns 96,455 shares of the financial services provider's stock worth $1,491,000 after buying an additional 881 shares during the last quarter. 35.32% of the stock is currently owned by hedge funds and other institutional investors.
SLR Investment Company Profile
(
Get Free Report)
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.
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