SLR Investment Corp. (NASDAQ:SLRC) Announces Monthly Dividend of $0.14

SLR Investment Corp. (NASDAQ:SLRCGet Rating) announced a monthly dividend on Monday, April 4th, Zacks reports. Stockholders of record on Thursday, April 21st will be paid a dividend of 0.137 per share by the financial services provider on Tuesday, May 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.20%. The ex-dividend date of this dividend is Wednesday, April 20th.

SLR Investment has a payout ratio of 97.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect SLR Investment to earn $1.71 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 95.9%.

Shares of SLR Investment stock opened at $17.87 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.96. The business’s 50 day simple moving average is $17.98 and its 200-day simple moving average is $18.64. The stock has a market capitalization of $755.19 million, a price-to-earnings ratio of 12.67 and a beta of 1.16. SLR Investment has a twelve month low of $17.32 and a twelve month high of $20.05.

SLR Investment (NASDAQ:SLRCGet Rating) last announced its quarterly earnings results on Tuesday, March 1st. The financial services provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). SLR Investment had a return on equity of 7.15% and a net margin of 42.74%. The company had revenue of $35.73 million for the quarter, compared to analyst estimates of $37.17 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. Sell-side analysts predict that SLR Investment will post 1.55 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of SLR Investment by 3.5% in the second quarter. Bank of America Corp DE now owns 19,263 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 660 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of SLR Investment by 2.9% in the fourth quarter. LPL Financial LLC now owns 39,515 shares of the financial services provider’s stock valued at $728,000 after purchasing an additional 1,099 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of SLR Investment by 78.9% in the third quarter. Millennium Management LLC now owns 22,622 shares of the financial services provider’s stock valued at $433,000 after purchasing an additional 9,975 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of SLR Investment by 8.9% in the fourth quarter. BlackRock Inc. now owns 300,968 shares of the financial services provider’s stock valued at $5,547,000 after purchasing an additional 24,482 shares in the last quarter. 47.31% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on SLRC shares. StockNews.com started coverage on SLR Investment in a report on Thursday, March 31st. They issued a “sell” rating for the company. TheStreet lowered SLR Investment from a “b-” rating to a “c” rating in a research note on Wednesday, March 9th. Wells Fargo & Company decreased their price target on SLR Investment from $18.25 to $17.25 and set an “equal weight” rating for the company in a research note on Thursday, March 3rd. Finally, Zacks Investment Research lowered SLR Investment from a “hold” rating to a “sell” rating in a research note on Saturday, March 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.56.

About SLR Investment (Get Rating)

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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Dividend History for SLR Investment (NASDAQ:SLRC)

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