SLR Investment (NASDAQ:SLRC) Issues 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 earnings results on Tuesday. The financial services provider reported $0.40 earnings per share (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 business had revenue of $53.91 million during the quarter, compared to analyst estimates of $53.38 million.

SLR Investment Trading Down 0.5%

SLR Investment stock traded down $0.09 during mid-day trading on Thursday, reaching $16.36. 160,048 shares of the company traded hands, compared to its average volume of 183,258. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.05. The firm's 50 day moving average price is $16.36 and its 200 day moving average price is $16.44. SLR Investment has a 52-week low of $13.64 and a 52-week high of $17.94.

SLR Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date is Friday, September 12th. SLR Investment's payout ratio is presently 101.86%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SLRC. JPMorgan Chase & Co. cut their target price on shares of SLR Investment from $16.50 to $15.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. B. Riley began coverage on shares of SLR Investment in a report on Tuesday, May 13th. They issued a "buy" rating and a $17.00 price target on the stock. Raymond James Financial lowered their price target on shares of SLR Investment from $18.00 to $17.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Wells Fargo & Company reduced their target price 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. Finally, LADENBURG THALM/SH SH upgraded shares of SLR Investment from a "neutral" rating to a "buy" rating and set a $16.50 price target on the stock in a research report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $15.96.

Institutional Trading of SLR Investment

An institutional investor recently raised its position in SLR Investment stock. Acadian Asset Management LLC raised its position in shares of SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 173.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,702 shares of the financial services provider's stock after acquiring an additional 10,591 shares during the period. Acadian Asset Management LLC's holdings in SLR Investment were worth $280,000 as of its most recent filing with the Securities & Exchange Commission. 35.32% of the stock is currently owned by institutional investors and hedge funds.

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.