SLR Investment Corp. (NASDAQ:SLRC) Sees Large Decrease in Short Interest

SLR Investment Corp. (NASDAQ:SLRC – Get Rating) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 302,600 shares, a decline of 29.8% from the April 15th total of 430,800 shares. Based on an average daily trading volume, of 251,000 shares, the days-to-cover ratio is presently 1.2 days.

SLR Investment stock opened at $15.64 on Friday. SLR Investment has a 12 month low of $15.13 and a 12 month high of $20.05. The stock’s 50 day moving average is $17.39 and its 200-day moving average is $18.25. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $856.60 million, a price-to-earnings ratio of 16.64 and a beta of 1.14.

SLR Investment (NASDAQ:SLRC – Get Rating) last posted its earnings results on Tuesday, March 1st. The financial services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). SLR Investment had a net margin of 28.96% and a return on equity of 7.11%. The firm had revenue of $35.73 million during the quarter, compared to analyst estimates of $37.17 million. During the same period in the previous year, the company posted $0.35 EPS. As a group, equities research analysts predict that SLR Investment will post 1.43 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Thursday, June 2nd. Investors of record on Thursday, May 19th will be paid a $0.137 dividend. This represents a $1.64 annualized dividend and a dividend yield of 10.51%. The ex-dividend date of this dividend is Wednesday, May 18th. SLR Investment’s dividend payout ratio (DPR) is currently 174.47%.

Several hedge funds have recently modified their holdings of the stock. Ares Management LLC boosted its stake in shares of SLR Investment by 19.3% in the first quarter. Ares Management LLC now owns 1,895,303 shares of the financial services provider’s stock valued at $34,362,000 after buying an additional 306,084 shares during the period. Northern Trust Corp bought a new stake in shares of SLR Investment in the first quarter valued at approximately $259,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of SLR Investment in the first quarter valued at approximately $29,000. Cliffwater LLC boosted its stake in shares of SLR Investment by 1.9% in the first quarter. Cliffwater LLC now owns 365,228 shares of the financial services provider’s stock valued at $6,622,000 after buying an additional 6,684 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in shares of SLR Investment by 15.4% in the first quarter. Mackenzie Financial Corp now owns 85,653 shares of the financial services provider’s stock valued at $1,553,000 after buying an additional 11,434 shares during the period.

A number of equities analysts have weighed in on SLRC shares. TheStreet downgraded SLR Investment from a “b-” rating to a “c” rating in a research report on Wednesday, March 9th. StockNews.com raised SLR Investment from a “sell” rating to a “hold” rating in a research report on Wednesday. Maxim Group started coverage on SLR Investment in a research report on Monday, April 25th. They set a “buy” rating and a $20.00 price target on the stock. Wells Fargo & Company lowered their price target on SLR Investment from $17.25 to $16.00 and set an “equal weight” rating on the stock in a research report on Monday, April 25th. Finally, Zacks Investment Research downgraded SLR Investment from a “hold” rating to a “sell” rating in a research report on Saturday, March 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $19.40.

SLR Investment Company Profile (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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