SLR Investment (NASDAQ:SLRC) Announces Earnings Results

Key Points

• SLR Investment (NASDAQ:SLRC) reported $0.40 EPS for the quarter, missing estimates by $0.01.
• The firm declared a quarterly dividend of $0.41, yielding 10.3%, with a payout ratio of 101.86%.
• Analyst ratings are mixed, with a consensus rating of "Hold" and a consensus price target of $15.96.

SLR Investment (NASDAQ:SLRC - Get Free Report) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.01), Zacks reports. SLR Investment had a net margin of 39.93% and a return on equity of 9.26%. The company had revenue of $53.91 million for the quarter, compared to the consensus estimate of $53.38 million.

SLR Investment Trading Up 1.2%

Shares of NASDAQ:SLRC traded up $0.20 during trading on Friday, reaching $16.46. 155,940 shares of the company's stock traded hands, compared to its average volume of 159,795. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.08 and a quick ratio of 1.05. SLR Investment has a 12 month low of $13.64 and a 12 month high of $17.94. The company has a 50 day moving average of $16.34 and a 200-day moving average of $16.44.

SLR Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend is Friday, September 12th. SLR Investment's dividend payout ratio is currently 101.23%.

Institutional Investors Weigh In On SLR Investment

An institutional investor recently raised its position in SLR Investment stock. Cetera Investment Advisers raised its position in shares of SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 11.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,901 shares of the financial services provider's stock after purchasing an additional 4,295 shares during the period. Cetera Investment Advisers owned 0.07% of SLR Investment worth $660,000 at the end of the most recent quarter. 35.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SLRC. LADENBURG THALM/SH SH upgraded shares of SLR Investment from a "neutral" rating to a "buy" rating and set a $16.50 price objective on the stock in a research note on Monday, May 12th. B. Riley began coverage on shares of SLR Investment in a research note on Tuesday, May 13th. They set a "buy" rating and a $17.00 price objective on the stock. Raymond James Financial reduced their price objective on shares of SLR Investment from $18.00 to $17.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. JPMorgan Chase & Co. increased their price objective on shares of SLR Investment from $15.00 to $16.00 and gave the company an "underweight" rating in a research note on Thursday. Finally, Wells Fargo & Company reduced their price objective on shares of SLR Investment from $13.00 to $12.00 and set an "underweight" rating on the stock in a research note on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $16.11.

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.