SLR Investment Corp. (NASDAQ:SLRC) Expected to Announce Quarterly Sales of $41.86 Million

Wall Street brokerages forecast that SLR Investment Corp. (NASDAQ:SLRC – Get Rating) will announce sales of $41.86 million for the current quarter, Zacks reports. Two analysts have issued estimates for SLR Investment’s earnings, with the highest sales estimate coming in at $47.48 million and the lowest estimate coming in at $36.23 million. SLR Investment posted sales of $35.57 million in the same quarter last year, which suggests a positive year-over-year growth rate of 17.7%. The firm is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that SLR Investment will report full year sales of $163.95 million for the current financial year, with estimates ranging from $145.44 million to $182.45 million. For the next fiscal year, analysts expect that the company will post sales of $191.91 million, with estimates ranging from $152.72 million to $231.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover SLR Investment.

SLR Investment (NASDAQ:SLRC – Get Rating) last released its quarterly earnings results on Tuesday, March 1st. The financial services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). SLR Investment had a return on equity of 7.11% and a net margin of 28.96%. The firm had revenue of $35.73 million for the quarter, compared to the consensus estimate of $37.17 million. During the same quarter last year, the firm posted $0.35 earnings per share.

A number of analysts recently issued reports on SLRC shares. StockNews.com upgraded shares of SLR Investment from a “sell” rating to a “hold” rating in a report on Wednesday, May 11th. Zacks Investment Research downgraded shares of SLR Investment from a “hold” rating to a “sell” rating in a research note on Saturday, March 5th. TheStreet downgraded shares of SLR Investment from a “b-” rating to a “c” rating in a research note on Wednesday, March 9th. Wells Fargo & Company lowered their target price on shares of SLR Investment from $17.25 to $16.00 and set an “equal weight” rating on the stock in a research note on Monday, April 25th. Finally, Maxim Group started coverage on shares of SLR Investment in a research note on Monday, April 25th. They set a “buy” rating and a $20.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, SLR Investment has an average rating of “Hold” and an average target price of $19.40.

Shares of NASDAQ:SLRC opened at $15.21 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.98. SLR Investment has a twelve month low of $15.13 and a twelve month high of $20.05. The stock’s 50 day moving average is $17.26 and its 200-day moving average is $18.16. The firm has a market capitalization of $833.10 million, a price-to-earnings ratio of 16.18 and a beta of 1.14.

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 2nd. Shareholders of record on Thursday, May 19th will be issued a $0.137 dividend. This represents a $1.64 annualized dividend and a yield of 10.81%. The ex-dividend date is Wednesday, May 18th. SLR Investment’s dividend payout ratio is presently 174.47%.

A number of hedge funds have recently made changes to their positions in the stock. AllSquare Wealth Management LLC acquired a new stake in shares of SLR Investment in the first quarter worth approximately $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of SLR Investment in the 1st quarter valued at $29,000. Allworth Financial LP purchased a new stake in shares of SLR Investment in the 1st quarter valued at $30,000. Moors & Cabot Inc. purchased a new stake in SLR Investment during the 3rd quarter worth about $55,000. Finally, Geneos Wealth Management Inc. increased its holdings in SLR Investment by 404.3% during the 3rd quarter. Geneos Wealth Management Inc. now owns 3,152 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 2,527 shares during the period.

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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