SLR Investment (NASDAQ:SLRC) Releases Earnings Results, Hits Expectations

SLR Investment (NASDAQ:SLRC) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.33, Zacks reports. The business had revenue of $49.34 million for the quarter, compared to analyst estimates of $48.93 million. SLR Investment had a return on equity of 7.96% and a net margin of 35.20%.

SLR Investment Stock Down 0.1%

NASDAQ SLRC traded down $0.01 during trading on Tuesday, reaching $11.80. 367,179 shares of the company’s stock were exchanged, compared to its average volume of 381,447. The stock has a market cap of $643.75 million, a P/E ratio of 8.74 and a beta of 0.69. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.09. The company has a 50 day moving average price of $11.85 and a two-hundred day moving average price of $13.40. SLR Investment has a 1 year low of $10.96 and a 1 year high of $16.36.

Insider Activity

In other SLR Investment news, insider Michael Gross acquired 20,000 shares of the stock in a transaction dated Thursday, September 10th. The stock was acquired at an average cost of $12.35 per share, with a total value of $247,000.00. Following the transaction, the insider owned 4,065,153 shares in the company, valued at $50,204,639.55. The trade was a 0.49% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.10% of the company’s stock.

Analyst Upgrades and Downgrades

SLRC has been the subject of several analyst reports. Zacks Research raised SLR Investment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. B. Riley Financial lowered SLR Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SLR Investment in a research report on Monday, October 26th. Finally, Wall Street Zen upgraded SLR Investment from a “sell” rating to a “hold” rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.10.

SLR Investment Company Profile

SLR Investment Corp. (NASDAQ: SLRC) is a business development company that provides financing to middle-market companies, primarily in the United States. The company seeks to support businesses that may have limited access to traditional bank financing by investing in a range of debt and equity securities.

Its investment activities generally focus on senior secured loans, subordinated debt, mezzanine investments and equity interests. SLR Investment typically partners with private equity sponsors and company management teams, providing capital for acquisitions, recapitalizations, refinancing, growth initiatives and other corporate purposes.