SLR Investment (SLRC) Scheduled to Post Earnings on Wednesday

SLR Investment (NASDAQ:SLRC) is set to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. SLR Investment had a return on equity of 9.36% and a net margin of 33.31%. The firm had revenue of $59.79 million for the quarter, compared to the consensus estimate of $59.00 million. On average, analysts expect SLR Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SLR Investment Price Performance

NASDAQ SLRC opened at $15.57 on Tuesday. SLR Investment has a one year low of $13.48 and a one year high of $15.86. The stock has a 50-day moving average of $15.21 and a 200 day moving average of $15.07. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $849.50 million, a price-to-earnings ratio of 11.12 and a beta of 1.10.

SLR Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.53%. The ex-dividend date of this dividend was Wednesday, March 13th. SLR Investment’s payout ratio is presently 117.14%.

Wall Street Analyst Weigh In

SLRC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of SLR Investment from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. B. Riley boosted their target price on shares of SLR Investment from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.25.

Insider Transactions at SLR Investment

In other SLR Investment news, insider Michael S. Gross purchased 46,700 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were acquired at an average cost of $15.44 per share, for a total transaction of $721,048.00. Following the completion of the transaction, the insider now owns 3,735,524 shares of the company’s stock, valued at $57,676,490.56. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Michael S. Gross purchased 46,700 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $15.44 per share, with a total value of $721,048.00. Following the completion of the acquisition, the insider now owns 3,735,524 shares of the company’s stock, valued at approximately $57,676,490.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael S. Gross purchased 22,636 shares of SLR Investment stock in a transaction on Friday, March 8th. The stock was bought at an average price of $15.74 per share, with a total value of $356,290.64. Following the transaction, the insider now owns 3,804,860 shares of the company’s stock, valued at $59,888,496.40. The disclosure for this purchase can be found here. Insiders have acquired 109,336 shares of company stock worth $1,680,539 in the last quarter. Company insiders own 8.20% of the company’s stock.

About SLR Investment

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.