SLR Investment (NASDAQ:SLRC) Insider Michael Gross Purchases 20,000 Shares

SLR Investment Corp. (NASDAQ:SLRC) insider Michael Gross acquired 20,000 shares of SLR Investment stock in a transaction dated Thursday, September 10th. The stock was purchased at an average cost of $12.35 per share, for a total transaction of $247,000.00. Following the completion of the purchase, the insider owned 4,065,153 shares in the company, valued at approximately $50,204,639.55. The trade was a 0.49% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

SLR Investment Trading Down 1.9%

SLRC opened at $12.08 on Friday. SLR Investment Corp. has a twelve month low of $11.98 and a twelve month high of $16.48. The company has a fifty day moving average of $12.79 and a 200-day moving average of $13.54. The stock has a market cap of $659.08 million, a PE ratio of 8.95 and a beta of 0.64. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.17.

SLR Investment (NASDAQ:SLRC) last released its earnings results on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. SLR Investment had a net margin of 35.20% and a return on equity of 7.96%. The business had revenue of $20.50 million for the quarter, compared to analyst estimates of $48.82 million. On average, sell-side analysts predict that SLR Investment Corp. will post 1.31 EPS for the current year.

SLR Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend is Friday, September 11th. SLR Investment’s payout ratio is currently 91.85%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. B. Riley Financial downgraded SLR Investment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. cut their price target on SLR Investment from $13.50 to $12.00 and set an “underweight” rating on the stock in a report on Thursday, July 2nd. Zacks Research raised shares of SLR Investment from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings lowered shares of SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $14.10.

Institutional Trading of SLR Investment

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in SLR Investment by 1,389.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,640 shares during the period. N.E.W. Advisory Services LLC bought a new position in SLR Investment in the second quarter worth approximately $28,000. International Assets Investment Management LLC acquired a new stake in SLR Investment in the fourth quarter valued at approximately $42,000. Russell Investments Group Ltd. acquired a new stake in SLR Investment in the third quarter valued at approximately $48,000. Finally, Greykasell Wealth Strategies Inc. bought a new stake in shares of SLR Investment during the fourth quarter valued at approximately $59,000. 35.32% of the stock is currently owned by institutional investors and hedge funds.

SLR Investment Company Profile

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.