SLR Investment (SLRC) to Release Earnings on Wednesday

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

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $59.79 million during the quarter, compared to the consensus estimate of $59.00 million. SLR Investment had a net margin of 33.31% and a return on equity of 9.36%. 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 Trading Down 0.2 %

NASDAQ:SLRC opened at $15.43 on Monday. The stock has a fifty day moving average price of $15.20 and a 200 day moving average price of $15.07. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.19. SLR Investment has a 12-month low of $13.48 and a 12-month high of $15.86. The firm has a market cap of $841.86 million, a PE ratio of 11.02 and a beta of 1.10.

SLR Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 10.63%. The ex-dividend date was Wednesday, March 13th. SLR Investment’s dividend payout ratio (DPR) is presently 117.14%.

Insider Buying and Selling at SLR Investment

In related news, insider Michael S. Gross bought 22,636 shares of SLR Investment 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 in the company, valued at $59,888,496.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Michael S. Gross purchased 22,636 shares of the stock in a transaction dated Friday, March 8th. The stock was acquired at an average cost of $15.74 per share, for a total transaction of $356,290.64. Following the completion of the acquisition, the insider now directly owns 3,804,860 shares in the company, valued at approximately $59,888,496.40. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael S. Gross acquired 46,700 shares of SLR Investment stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average cost of $15.44 per share, for a total transaction of $721,048.00. Following the purchase, the insider now directly owns 3,735,524 shares of the company’s stock, valued at approximately $57,676,490.56. The disclosure for this purchase can be found here. In the last three months, insiders acquired 109,336 shares of company stock worth $1,680,539. 8.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SLRC has been the subject of several recent analyst reports. B. Riley boosted their target price on SLR Investment from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. reduced their price objective on shares of SLR Investment from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.25.

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.