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

SLR Investment (NASDAQ:SLRC) announced its earnings results on Tuesday. The financial services provider reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33, Zacks reports. The company had revenue of $49.34 million during the quarter, compared to the consensus estimate of $48.93 million. SLR Investment had a net margin of 28.75% and a return on equity of 7.58%.

SLR Investment Stock Performance

Shares of SLRC opened at $12.19 on Thursday. SLR Investment has a one year low of $10.96 and a one year high of $16.36. The company has a market capitalization of $665.09 million, a PE ratio of 11.50 and a beta of 0.69. The company’s fifty day moving average price is $11.83 and its 200 day moving average price is $13.37. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 1.09.

SLR Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Stockholders of record on Monday, December 14th will be paid a dividend of $0.31 per share. The ex-dividend date is Monday, December 14th. This represents a $1.24 annualized dividend and a dividend yield of 10.2%. SLR Investment’s dividend payout ratio is 91.85%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SLRC. Wall Street Zen upgraded shares of SLR Investment from a “sell” rating to a “hold” rating in a report on Saturday, October 31st. Zacks Research upgraded SLR Investment from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. B. Riley Financial cut shares of SLR Investment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SLR Investment in a report on Monday, October 26th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.10.

Insider Transactions at SLR Investment

In other SLR Investment news, insider Michael Gross bought 20,000 shares of the stock in a transaction dated Thursday, September 10th. The stock was bought 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 $50,204,639.55. This represents a 0.49% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 9.10% of the stock is owned by corporate insiders.

Key Stories Impacting SLR Investment

Here are the key news stories impacting SLR Investment this week:

• Positive Sentiment: Net investment income was $0.33 per share, covering the declared $0.31 quarterly distribution. The dividend equates to $1.24 annually, or about a 10% yield. Earnings release
• Positive Sentiment: Revenue of $49.34 million modestly exceeded analyst expectations of $48.93 million, offering a small upside to the quarter. Quarterly earnings results
• Neutral Sentiment: EPS matched the $0.33 consensus, so the result did not deliver an earnings surprise; it was down from $0.40 a year earlier. Zacks earnings coverage
• Negative Sentiment: Coverage highlighted credit risks and a decline in NAV to $17.83, which could raise concerns about portfolio values and future income. Q3 distribution and NAV analysis Earnings call coverage

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.