SLR Investment (NASDAQ:SLRC) Announces Quarterly Earnings Results, Misses Estimates By $0.18 EPS

SLR Investment (NASDAQ:SLRC) announced its earnings results on Tuesday. The financial services provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.18), FiscalAI reports. The business had revenue of $20.50 million for the quarter, compared to the consensus estimate of $48.82 million. SLR Investment had a net margin of 41.81% and a return on equity of 8.33%.

SLR Investment Price Performance

SLR Investment stock traded up $0.18 during midday trading on Tuesday, reaching $13.18. 408,452 shares of the stock were exchanged, compared to its average volume of 384,895. SLR Investment has a 52 week low of $12.13 and a 52 week high of $16.83. 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 firm has a market cap of $719.03 million, a PE ratio of 8.04 and a beta of 0.64. The company’s fifty day moving average is $12.80 and its 200-day moving average is $14.02.

Wall Street Analyst Weigh In

A number of research firms have commented on SLRC. Zacks Research cut shares of SLR Investment from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Weiss Ratings downgraded shares of SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. reduced their target price on SLR Investment from $13.50 to $12.00 and set an “underweight” rating for the company in a report on Thursday, July 2nd. Wells Fargo & Company lowered their price objective on shares of SLR Investment from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Finally, Wall Street Zen cut SLR Investment from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $14.10.

Insider Buying and Selling

In other news, insider Michael S. Gross purchased 10,000 shares of SLR Investment stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of $13.09 per share, for a total transaction of $130,900.00. Following the transaction, the insider directly owned 4,035,153 shares of the company’s stock, valued at approximately $52,820,152.77. This trade represents a 0.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SLR Investment

Several large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new position in SLR Investment in the 4th quarter worth about $205,000. Mackenzie Financial Corp boosted its position in shares of SLR Investment by 5.6% during the 4th quarter. Mackenzie Financial Corp now owns 38,894 shares of the financial services provider’s stock valued at $600,000 after acquiring an additional 2,074 shares during the last quarter. VARCOV Co. purchased a new position in shares of SLR Investment during the fourth quarter worth about $395,000. Inspire Investing LLC increased its position in shares of SLR Investment by 2.3% in the fourth quarter. Inspire Investing LLC now owns 30,238 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 688 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in SLR Investment by 3.3% in the fourth quarter. Cetera Investment Advisers now owns 47,321 shares of the financial services provider’s stock valued at $732,000 after purchasing an additional 1,493 shares in the last quarter. Institutional investors own 35.32% of the company’s stock.

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.