SLR Investment Corp. (NASDAQ:SLRC) Director Buys $399,500.00 in Stock

SLR Investment Corp. (NASDAQ:SLRC) Director Andrea Colvin Roberts acquired 25,000 shares of SLR Investment stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average cost of $15.98 per share, for a total transaction of $399,500.00. Following the completion of the purchase, the director now directly owns 25,000 shares of the company’s stock, valued at $399,500. The acquisition was disclosed in a filing with the SEC, which is available through this link.

SLR Investment Stock Up 1.3 %

Shares of NASDAQ:SLRC opened at $16.03 on Thursday. The firm has a market cap of $874.60 million, a P/E ratio of 9.01 and a beta of 1.12. SLR Investment Corp. has a 12-month low of $13.93 and a 12-month high of $16.77. The business has a fifty day simple moving average of $15.98 and a 200 day simple moving average of $15.43. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.17.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. SLR Investment had a return on equity of 9.51% and a net margin of 41.66%. The company had revenue of $58.10 million during the quarter, compared to the consensus estimate of $58.96 million. Analysts predict that SLR Investment Corp. will post 1.74 earnings per share for the current year.

SLR Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.23%. The ex-dividend date of this dividend is Thursday, June 13th. SLR Investment’s dividend payout ratio is currently 92.13%.

Analysts Set New Price Targets

SLRC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of SLR Investment from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. B. Riley reaffirmed a “neutral” rating and set a $17.00 target price (up previously from $16.00) on shares of SLR Investment in a research note on Friday, May 10th. Finally, Keefe, Bruyette & Woods upped their price target on shares of SLR Investment from $15.50 to $16.00 and gave the stock a “market perform” rating in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, SLR Investment has a consensus rating of “Hold” and an average target price of $14.88.

Hedge Funds Weigh In On SLR Investment

A number of hedge funds have recently bought and sold shares of the company. Confluence Investment Management LLC acquired a new stake in SLR Investment during the 1st quarter worth about $2,821,000. NewEdge Wealth LLC acquired a new stake in SLR Investment during the fourth quarter worth approximately $1,780,000. Van ECK Associates Corp increased its holdings in SLR Investment by 10.6% in the fourth quarter. Van ECK Associates Corp now owns 849,876 shares of the financial services provider’s stock worth $12,774,000 after purchasing an additional 81,394 shares in the last quarter. Pullen Investment Management LLC acquired a new position in SLR Investment in the first quarter valued at approximately $809,000. Finally, Jump Financial LLC acquired a new stake in shares of SLR Investment during the 4th quarter worth approximately $559,000. Institutional investors own 35.32% of the company’s stock.

About SLR Investment

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.