SLR Investment Corp. (SLRC) To Go Ex-Dividend on June 12th

SLR Investment Corp. (NASDAQ:SLRC) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Friday, June 12th will be given a dividend of 0.31 per share by the financial services provider on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend is Friday, June 12th.

SLR Investment has a dividend payout ratio of 76.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect SLR Investment to earn $1.32 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 93.9%.

SLR Investment Stock Performance

NASDAQ:SLRC opened at $12.89 on Wednesday. The firm’s 50-day moving average is $14.22 and its 200-day moving average is $14.80. SLR Investment has a 52-week low of $12.54 and a 52-week high of $17.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $703.28 million, a price-to-earnings ratio of 7.86 and a beta of 0.64.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). SLR Investment had a return on equity of 8.33% and a net margin of 41.81%.The company had revenue of $47.14 million for the quarter, compared to the consensus estimate of $54.01 million. Equities research analysts anticipate that SLR Investment will post 1.33 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Michael S. Gross purchased 25,000 shares of SLR Investment stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $13.91 per share, for a total transaction of $347,750.00. Following the completion of the transaction, the insider directly owned 4,014,701 shares in the company, valued at approximately $55,844,490.91. This represents a 0.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 45,452 shares of company stock valued at $623,933 in the last quarter. 8.80% of the stock is owned by insiders.

Hedge Funds Weigh In On SLR Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SLRC. Kelleher Financial Advisors acquired a new position in SLR Investment in the fourth quarter valued at about $26,000. BNP Paribas Financial Markets boosted its position in SLR Investment by 1,389.8% in the third quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,640 shares in the last quarter. International Assets Investment Management LLC acquired a new position in SLR Investment in the fourth quarter valued at about $42,000. Russell Investments Group Ltd. acquired a new position in SLR Investment in the third quarter valued at about $48,000. Finally, Greykasell Wealth Strategies Inc. acquired a new position in SLR Investment in the fourth quarter valued at about $59,000. 35.32% of the stock is currently owned by institutional investors and hedge funds.

About SLR Investment

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.