SLR Investment Corp. (NASDAQ:SLRC – Get Free Report) Director Andrea Colvin Roberts acquired 25,000 shares of SLR Investment stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average cost of $15.98 per share, for a total transaction of $399,500.00. Following the completion of the purchase, the director now directly owns 25,000 shares of the company’s stock, valued at $399,500. The acquisition was disclosed in a filing with the SEC, which is available through this link.
SLR Investment Stock Up 1.3 %
Shares of NASDAQ:SLRC opened at $16.03 on Thursday. The firm has a market cap of $874.60 million, a P/E ratio of 9.01 and a beta of 1.12. SLR Investment Corp. has a 12-month low of $13.93 and a 12-month high of $16.77. The business has a fifty day simple moving average of $15.98 and a 200 day simple moving average of $15.43. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.17.
SLR Investment (NASDAQ:SLRC – Get Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. SLR Investment had a return on equity of 9.51% and a net margin of 41.66%. The company had revenue of $58.10 million during the quarter, compared to the consensus estimate of $58.96 million. Analysts predict that SLR Investment Corp. will post 1.74 earnings per share for the current year.
SLR Investment Announces Dividend
Analysts Set New Price Targets
SLRC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of SLR Investment from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. B. Riley reaffirmed a “neutral” rating and set a $17.00 target price (up previously from $16.00) on shares of SLR Investment in a research note on Friday, May 10th. Finally, Keefe, Bruyette & Woods upped their price target on shares of SLR Investment from $15.50 to $16.00 and gave the stock a “market perform” rating in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, SLR Investment has a consensus rating of “Hold” and an average target price of $14.88.
Get Our Latest Analysis on SLR Investment
Hedge Funds Weigh In On SLR Investment
A number of hedge funds have recently bought and sold shares of the company. Confluence Investment Management LLC acquired a new stake in SLR Investment during the 1st quarter worth about $2,821,000. NewEdge Wealth LLC acquired a new stake in SLR Investment during the fourth quarter worth approximately $1,780,000. Van ECK Associates Corp increased its holdings in SLR Investment by 10.6% in the fourth quarter. Van ECK Associates Corp now owns 849,876 shares of the financial services provider’s stock worth $12,774,000 after purchasing an additional 81,394 shares in the last quarter. Pullen Investment Management LLC acquired a new position in SLR Investment in the first quarter valued at approximately $809,000. Finally, Jump Financial LLC acquired a new stake in shares of SLR Investment during the 4th quarter worth approximately $559,000. Institutional investors own 35.32% of the company’s stock.
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.
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