SLR Investment (NASDAQ:SLRC) Issues Quarterly Earnings Results, Hits Estimates

SLR Investment (NASDAQ:SLRC) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40, Zacks reports. The firm had revenue of $54.46 million during the quarter, compared to analysts’ expectations of $54.97 million. SLR Investment had a return on equity of 8.76% and a net margin of 42.34%.

SLR Investment Stock Up 3.3%

NASDAQ:SLRC opened at $15.14 on Thursday. The business has a fifty day simple moving average of $15.18 and a two-hundred day simple moving average of $15.48. SLR Investment has a 1 year low of $13.64 and a 1 year high of $17.94. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.07 and a quick ratio of 1.07.

SLR Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 10.8%. The ex-dividend date is Friday, March 13th. SLR Investment’s dividend payout ratio (DPR) is 99.39%.

Hedge Funds Weigh In On SLR Investment

A number of institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its stake in SLR Investment by 4.3% during the third quarter. Envestnet Asset Management Inc. now owns 19,902 shares of the financial services provider’s stock worth $304,000 after buying an additional 824 shares during the period. Acadian Asset Management LLC increased its holdings in SLR Investment by 173.3% during the 1st quarter. Acadian Asset Management LLC now owns 16,702 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 10,591 shares during the period. Smithbridge Asset Management Inc. DE purchased a new position in shares of SLR Investment during the fourth quarter valued at $278,000. Wells Fargo & Company MN raised its holdings in shares of SLR Investment by 73.9% in the 4th quarter. Wells Fargo & Company MN now owns 17,483 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 7,427 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of SLR Investment in the 4th quarter worth $269,000. Institutional investors own 35.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on SLRC shares. Weiss Ratings restated a “hold (c+)” rating on shares of SLR Investment in a research note on Monday, December 29th. Keefe, Bruyette & Woods dropped their price target on shares of SLR Investment from $17.00 to $16.50 and set a “market perform” rating on the stock in a research report on Tuesday, November 18th. Wall Street Zen upgraded shares of SLR Investment from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Raymond James Financial set a $16.00 target price on SLR Investment and gave the stock an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.89.

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.