SLR Investment (NASDAQ:SLRC) Announces Earnings Results

SLR Investment (NASDAQ:SLRC) issued its earnings results on Tuesday. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01, Zacks reports. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The business had revenue of $55.58 million during the quarter, compared to analyst estimates of $57.08 million.

SLR Investment Stock Down 0.7 %

SLRC stock traded down $0.12 on Thursday, hitting $17.09. 36,586 shares of the company’s stock were exchanged, compared to its average volume of 153,829. SLR Investment has a 12-month low of $14.41 and a 12-month high of $17.85. The firm has a 50 day moving average price of $16.76 and a two-hundred day moving average price of $16.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $932.16 million, a P/E ratio of 9.64 and a beta of 1.14.

SLR Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.64 annualized dividend and a yield of 9.60%. SLR Investment’s dividend payout ratio (DPR) is 93.71%.

Analyst Ratings Changes

Separately, Wells Fargo & Company lifted their price target on SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, SLR Investment presently has an average rating of “Hold” and an average target price of $15.25.

SLR Investment Company Profile

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.