Michael Gross Purchases 25,000 Shares of SLR Investment (NASDAQ:SLRC) Stock

SLR Investment Corp. (NASDAQ:SLRC) insider Michael Gross acquired 25,000 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $13.91 per share, with a total value of $347,750.00. Following the completion of the transaction, the insider owned 4,014,701 shares of the company’s stock, valued at approximately $55,844,490.91. This trade represents a 0.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

SLR Investment Trading Up 2.7%

SLR Investment stock traded up $0.38 during trading hours on Tuesday, reaching $14.30. 410,662 shares of the company’s stock traded hands, compared to its average volume of 371,020. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.04 and a current ratio of 1.04. SLR Investment Corp. has a fifty-two week low of $13.64 and a fifty-two week high of $17.26. The firm’s 50 day moving average is $14.93 and its 200-day moving average is $15.28.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings results on Tuesday, February 24th. The financial services provider reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. SLR Investment had a net margin of 42.34% and a return on equity of 8.76%. The company had revenue of $54.46 million during the quarter, compared to analysts’ expectations of $54.97 million. As a group, research analysts forecast that SLR Investment Corp. will post 1.76 earnings per share for the current year.

SLR Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.41 per share. The ex-dividend date is Friday, March 13th. This represents a $1.64 annualized dividend and a dividend yield of 11.5%. SLR Investment’s payout ratio is presently 96.47%.

Analyst Ratings Changes

SLRC has been the topic of several recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of SLR Investment in a research report on Monday, December 29th. Raymond James Financial set a $16.00 target price on SLR Investment and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Keefe, Bruyette & Woods reduced their target price on SLR Investment from $17.00 to $16.50 and set a “market perform” rating on the stock in a report on Tuesday, November 18th. Compass Point upgraded SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 target price for the company in a research report on Tuesday, March 10th. Finally, JPMorgan Chase & Co. lowered their price target on SLR Investment from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.50.

Institutional Trading of SLR Investment

Large investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. grew its position in SLR Investment by 211.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 6,325 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 4,292 shares during the last quarter. Virtu Financial LLC bought a new position in SLR Investment in the fourth quarter valued at about $205,000. Sunbelt Securities Inc. boosted its stake in shares of SLR Investment by 10.1% during the fourth quarter. Sunbelt Securities Inc. now owns 114,137 shares of the financial services provider’s stock valued at $1,765,000 after purchasing an additional 10,496 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of SLR Investment by 5.6% during the fourth quarter. Mackenzie Financial Corp now owns 38,894 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 2,074 shares in the last quarter. Finally, VARCOV Co. bought a new stake in shares of SLR Investment during the fourth quarter worth about $395,000. 35.32% of the stock is owned by institutional investors and hedge funds.

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.