SLR Investment Corp. to Issue Quarterly Dividend of $0.41 (NASDAQ:SLRC)

SLR Investment Corp. (NASDAQ:SLRC) announced a quarterly dividend on Tuesday, February 24th. Shareholders of record on Friday, March 13th will be paid a dividend of 0.41 per share by the financial services provider on Friday, March 27th. This represents a c) annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend is Friday, March 13th.

SLR Investment has a dividend payout ratio of 100.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect SLR Investment to earn $1.65 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 99.4%.

SLR Investment Stock Performance

Shares of NASDAQ:SLRC traded up $0.33 during trading on Wednesday, hitting $14.98. 196,720 shares of the company were exchanged, compared to its average volume of 285,649. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.15. SLR Investment has a fifty-two week low of $13.64 and a fifty-two week high of $17.94. The firm has a fifty day moving average price of $15.19 and a two-hundred day moving average price of $15.48.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings results on Tuesday, February 24th. The financial services provider reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. SLR Investment had a return on equity of 8.98% and a net margin of 41.00%.The business had revenue of $54.46 million for the quarter, compared to analysts’ expectations of $54.97 million. On average, research analysts expect that SLR Investment will post 1.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wall Street Zen raised SLR Investment from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Keefe, Bruyette & Woods dropped their price objective on shares of SLR Investment from $17.00 to $16.50 and set a “market perform” rating on the stock in a report on Tuesday, November 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of SLR Investment in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.04.

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.