SLR Investment (SLRC) Scheduled to Post Earnings on Wednesday

SLR Investment (NASDAQ:SLRC) will release its earnings data after the market closes on Wednesday, May 8th. Analysts expect SLR Investment to post earnings of $0.44 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $59.79 million during the quarter, compared to analyst estimates of $59.00 million. SLR Investment had a return on equity of 9.36% and a net margin of 33.31%. On average, analysts expect SLR Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SLR Investment Stock Performance

Shares of SLRC stock opened at $15.57 on Tuesday. The stock has a market cap of $849.50 million, a PE ratio of 11.12 and a beta of 1.10. SLR Investment has a 52-week low of $13.48 and a 52-week high of $15.86. The business has a 50-day simple moving average of $15.21 and a 200-day simple moving average of $15.07. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.19.

SLR Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 10.53%. The ex-dividend date of this dividend was Wednesday, March 13th. SLR Investment’s payout ratio is presently 117.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SLRC shares. JPMorgan Chase & Co. cut their target price on shares of SLR Investment from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. B. Riley lifted their price objective on shares of SLR Investment from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $14.25.

Insider Buying and Selling at SLR Investment

In related news, insider Michael S. Gross purchased 22,636 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average price of $15.74 per share, with a total value of $356,290.64. Following the purchase, the insider now owns 3,804,860 shares of the company’s stock, valued at $59,888,496.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Michael S. Gross purchased 40,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $15.08 per share, for a total transaction of $603,200.00. Following the completion of the transaction, the insider now owns 3,642,124 shares of the company’s stock, valued at $54,923,229.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael S. Gross acquired 22,636 shares of SLR Investment stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average cost of $15.74 per share, with a total value of $356,290.64. Following the completion of the purchase, the insider now owns 3,804,860 shares in the company, valued at approximately $59,888,496.40. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 109,336 shares of company stock valued at $1,680,539. Company insiders own 8.20% of the company’s stock.

SLR Investment Company Profile

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.