SLR Investment (NASDAQ:SLRC) Announces Earnings Results, Hits Estimates

Key Points

• SLR Investment met earnings expectations, reporting quarterly EPS of $0.33, in line with consensus. Revenue of $49.34 million slightly exceeded analysts’ $48.93 million estimate.
• Analyst sentiment is broadly neutral: the stock has a consensus Hold rating and an average price target of $14.10. Shares traded at $11.80, well below their 200-day moving average of $13.40.
• Insider Michael Gross bought 20,000 shares for $247,000, increasing his stake by 0.49%; company insiders collectively own 9.10% of shares.

SLR Investment (NASDAQ:SLRC - Get Free Report) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.33 EPS for the quarter, meeting analysts' consensus estimates of $0.33, Zacks reports. The business had revenue of $49.34 million during the quarter, compared to the consensus estimate of $48.93 million. SLR Investment had a return on equity of 7.96% and a net margin of 35.20%.

SLR Investment Price Performance

Shares of SLRC stock traded down $0.01 on Tuesday, reaching $11.80. The company had a trading volume of 367,179 shares, compared to its average volume of 381,447. The business's 50-day moving average is $11.85 and its 200 day moving average is $13.40. SLR Investment has a one year low of $10.96 and a one year high of $16.36. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $643.75 million, a PE ratio of 8.74 and a beta of 0.69.

Analyst Ratings Changes

Several research firms have commented on SLRC. B. Riley Financial lowered shares of SLR Investment from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of SLR Investment from a "sell" rating to a "hold" rating in a research report on Saturday. Zacks Research upgraded shares of SLR Investment from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of SLR Investment in a research note on Monday, October 26th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, SLR Investment has a consensus rating of "Hold" and an average price target of $14.10.

Insider Activity

In related news, insider Michael Gross acquired 20,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was acquired at an average cost of $12.35 per share, for a total transaction of $247,000.00. Following the transaction, the insider directly owned 4,065,153 shares in the company, valued at $50,204,639.55. This trade represents a 0.49% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 9.10% of the company's stock.

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.

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