SLR Investment (SLRC) to Release Earnings on Wednesday

SLR Investment (NASDAQ:SLRC) will be issuing 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 listen to the company’s earnings conference call can do so using this link.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates 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

Shares of NASDAQ:SLRC opened at $15.43 on Monday. The firm has a market capitalization of $841.86 million, a PE ratio of 11.02 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.19. SLR Investment has a 1-year low of $13.48 and a 1-year high of $15.86. The business’s 50 day moving average is $15.20 and its 200-day moving average is $15.07.

SLR Investment Announces Dividend

The firm also recently disclosed 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 10.63%. The ex-dividend date was Wednesday, March 13th. SLR Investment’s payout ratio is 117.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SLRC shares. B. Riley lifted their price objective on SLR Investment from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. cut their target price on SLR Investment from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.25.

Insider Buying and Selling at SLR Investment

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

SLR Investment Company Profile

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.