SLR Investment (SLRC) Scheduled to Post Earnings on Tuesday

SLR Investment (NASDAQ:SLRCGet Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 3rd. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

SLR Investment (NASDAQ:SLRCGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.03). The firm had revenue of $35.73 million during the quarter, compared to analyst estimates of $37.17 million. SLR Investment had a return on equity of 7.15% and a net margin of 42.74%. During the same period in the prior year, the firm earned $0.35 earnings per share. On average, analysts expect SLR Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of SLRC stock opened at $17.25 on Tuesday. SLR Investment has a fifty-two week low of $17.03 and a fifty-two week high of $20.05. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s fifty day moving average is $17.89 and its two-hundred day moving average is $18.56. The firm has a market capitalization of $728.99 million, a P/E ratio of 12.23 and a beta of 1.16.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 3rd. Stockholders of record on Thursday, April 21st will be given a $0.137 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.53%. The ex-dividend date of this dividend is Wednesday, April 20th. SLR Investment’s dividend payout ratio (DPR) is 116.31%.

Several brokerages recently issued reports on SLRC. Wells Fargo & Company dropped their price objective on shares of SLR Investment from $17.25 to $16.00 and set an “equal weight” rating for the company in a research note on Monday. Zacks Investment Research lowered SLR Investment from a “hold” rating to a “sell” rating in a report on Saturday, March 5th. StockNews.com started coverage on shares of 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 report on Wednesday, March 9th. Finally, Maxim Group started coverage on SLR Investment in a research note on Monday. They set a “buy” rating and a $20.00 target price for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.40.

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in 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 during the period. Millennium Management LLC acquired a new stake in shares of SLR Investment in the second quarter valued at $236,000. LPL Financial LLC raised its holdings in shares of SLR Investment by 3.6% in the 3rd quarter. LPL Financial LLC now owns 38,416 shares of the financial services provider’s stock valued at $735,000 after buying an additional 1,350 shares during the period. Finally, BlackRock Inc. lifted its stake in SLR Investment by 8.9% during the 4th quarter. BlackRock Inc. now owns 300,968 shares of the financial services provider’s stock worth $5,547,000 after acquiring an additional 24,482 shares in the last quarter. Hedge funds and other institutional investors own 47.31% of the company’s stock.

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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Earnings History for SLR Investment (NASDAQ:SLRC)

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