SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) saw unusually-high trading volume on Friday . Approximately 144,546 shares were traded during mid-day trading, a decline of 20% from the previous session's volume of 181,044 shares.The stock last traded at $16.17 and had previously closed at $16.32.
Analyst Ratings Changes
SLRC has been the subject of a number of research reports. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $13.00 target price (up from $12.00) on shares of SLR Investment in a report on Tuesday, August 12th. JPMorgan Chase & Co. upped their target price on shares of SLR Investment from $15.00 to $16.00 and gave the company an "underweight" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $16.25.
Get Our Latest Report on SLRC
SLR Investment Trading Down 1.0%
The company has a debt-to-equity ratio of 1.18, a current ratio of 1.08 and a quick ratio of 1.08. The business's 50 day moving average price is $16.40 and its 200-day moving average price is $16.34. The firm has a market capitalization of $881.14 million, a price-to-earnings ratio of 9.96 and a beta of 0.74.
SLR Investment (NASDAQ:SLRC - Get Free Report) last issued its earnings results on Tuesday, August 5th. The financial services provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). SLR Investment had a return on equity of 9.26% and a net margin of 39.93%.The company had revenue of $53.91 million for the quarter, compared to analyst estimates of $53.38 million. Equities analysts forecast that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.
SLR Investment Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 10.2%. The ex-dividend date is Friday, September 12th. SLR Investment's dividend payout ratio is presently 101.23%.
Insiders Place Their Bets
In related news, Director Andrea Colvin Roberts bought 7,190 shares of the stock in a transaction on Tuesday, September 9th. The shares were bought at an average cost of $16.73 per share, for a total transaction of $120,288.70. Following the completion of the transaction, the director owned 7,190 shares of the company's stock, valued at $120,288.70. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.60% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brevan Howard Capital Management LP acquired a new position in SLR Investment during the second quarter worth about $193,000. Ameriprise Financial Inc. grew its position in shares of SLR Investment by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 102,604 shares of the financial services provider's stock valued at $1,652,000 after purchasing an additional 1,692 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of SLR Investment in the second quarter valued at approximately $746,000. Raymond James Financial Inc. grew its position in shares of SLR Investment by 3.0% in the second quarter. Raymond James Financial Inc. now owns 326,952 shares of the financial services provider's stock valued at $5,277,000 after purchasing an additional 9,627 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of SLR Investment by 17.8% in the second quarter. Sei Investments Co. now owns 306,107 shares of the financial services provider's stock valued at $4,941,000 after purchasing an additional 46,230 shares during the last quarter. 35.32% of the stock is currently owned by institutional investors and hedge funds.
SLR Investment Company Profile
(
Get Free Report)
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.
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