SLR Investment (NASDAQ:SLRC) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

SLR Investment (NASDAQ:SLRC) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01), Zacks reports. SLR Investment had a return on equity of 9.26% and a net margin of 39.93%.The business had revenue of $56.99 million during the quarter, compared to analysts’ expectations of $56.33 million.

SLR Investment Trading Down 0.1%

NASDAQ SLRC opened at $15.37 on Wednesday. SLR Investment has a 52 week low of $13.64 and a 52 week high of $17.94. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.08 and a current ratio of 1.08. The stock’s 50 day moving average price is $15.47 and its two-hundred day moving average price is $15.98. The stock has a market capitalization of $838.59 million, a price-to-earnings ratio of 9.49 and a beta of 0.73.

SLR Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, December 12th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Friday, December 12th. SLR Investment’s dividend payout ratio (DPR) is currently 101.23%.

Insiders Place Their Bets

In other SLR Investment news, Director Andrea Colvin Roberts purchased 7,190 shares of the stock in a transaction on Tuesday, September 9th. The shares were purchased at an average cost of $16.73 per share, for a total transaction of $120,288.70. Following the purchase, the director owned 7,190 shares of the company’s stock, valued at approximately $120,288.70. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.80% of the company’s stock.

Institutional Investors Weigh In On SLR Investment

Several large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. lifted its stake in SLR Investment by 3.0% in the 2nd quarter. Raymond James Financial Inc. now owns 326,952 shares of the financial services provider’s stock valued at $5,277,000 after purchasing an additional 9,627 shares during the last quarter. Sei Investments Co. increased its holdings in shares of SLR Investment by 17.8% during the 2nd quarter. Sei Investments Co. now owns 306,107 shares of the financial services provider’s stock worth $4,941,000 after acquiring an additional 46,230 shares during the last quarter. Ameriprise Financial Inc. raised its stake in SLR Investment by 1.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 102,604 shares of the financial services provider’s stock valued at $1,652,000 after acquiring an additional 1,692 shares during the period. NewEdge Advisors LLC lifted its holdings in SLR Investment by 10.5% during the 2nd quarter. NewEdge Advisors LLC now owns 99,497 shares of the financial services provider’s stock valued at $1,606,000 after purchasing an additional 9,460 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in SLR Investment during the 2nd quarter valued at $782,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of SLR Investment from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Wednesday, October 1st. Wells Fargo & Company reaffirmed an “underweight” rating and set a $13.00 price objective (up from $12.00) on shares of SLR Investment in a report on Tuesday, August 12th. Wall Street Zen downgraded SLR Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of SLR Investment in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, SLR Investment has a consensus rating of “Hold” and a consensus price target of $16.11.

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.