SLR Investment (NASDAQ:SLRC) Posts Earnings Results, Hits Expectations

SLR Investment (NASDAQ:SLRC) announced its earnings results on Tuesday. The financial services provider reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33, Zacks reports. SLR Investment had a return on equity of 7.58% and a net margin of 28.75%. The business had revenue of $49.34 million during the quarter, compared to the consensus estimate of $48.93 million.

SLR Investment Price Performance

Shares of NASDAQ SLRC traded down $0.38 during mid-day trading on Thursday, reaching $11.81. The company’s stock had a trading volume of 221,289 shares, compared to its average volume of 382,671. The stock has a 50-day moving average of $11.83 and a two-hundred day moving average of $13.37. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $644.63 million, a P/E ratio of 11.15 and a beta of 0.69. SLR Investment has a 1-year low of $10.96 and a 1-year high of $16.36.

SLR Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 28th. Stockholders of record on Monday, December 14th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, December 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 10.5%. SLR Investment’s dividend payout ratio is presently 91.85%.

Insiders Place Their Bets

In other SLR Investment news, insider Michael Gross acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was bought at an average price of $12.35 per share, with a total value of $247,000.00. Following the purchase, the insider owned 4,065,153 shares in the company, valued at approximately $50,204,639.55. The trade was a 0.49% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 9.10% of the company’s stock.

More SLR Investment News

Here are the key news stories impacting SLR Investment this week:

• Positive Sentiment: Third-quarter net investment income was $0.33 per share, matching estimates and covering the declared $0.31 quarterly distribution. Revenue of $49.34 million slightly exceeded forecasts. The board’s distribution implies an annualized $1.24 per share. Read More.
• Neutral Sentiment: SLR outlined a $135 million note offering while specialty-finance originations remained at 95%. The offering could support funding needs, though its effect on financing costs and leverage depends on the terms. Read More.
• Negative Sentiment: While earnings met expectations, EPS declined from $0.40 a year earlier to $0.33. A separate earnings summary reported NAV of $17.83, down from the prior period, and the call was characterized as cautious amid credit risks—factors that may weigh on investor confidence. Read More. · Read More.

Analysts Set New Price Targets

SLRC has been the topic of several research analyst reports. Zacks Research upgraded shares of SLR Investment from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SLR Investment in a research note on Monday, October 26th. Wall Street Zen upgraded SLR Investment from a “sell” rating to a “hold” rating in a report on Saturday, October 31st. Finally, B. Riley Financial cut SLR Investment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.10.

SLR Investment Company Profile

SLR Investment Corp. (NASDAQ: SLRC) is a business development company that provides financing to middle-market companies, primarily in the United States. The company seeks to support businesses that may have limited access to traditional bank financing by investing in a range of debt and equity securities.

Its investment activities generally focus on senior secured loans, subordinated debt, mezzanine investments and equity interests. SLR Investment typically partners with private equity sponsors and company management teams, providing capital for acquisitions, recapitalizations, refinancing, growth initiatives and other corporate purposes.