SLR Investment (NASDAQ:SLRC) Insider Michael Gross Purchases 25,000 Shares

SLR Investment Corp. (NASDAQ:SLRC) insider Michael Gross purchased 25,000 shares of the company’s stock in a transaction on Friday, March 13th. The shares were bought at an average price of $13.91 per share, with a total value of $347,750.00. Following the completion of the transaction, the insider owned 4,014,701 shares of the company’s stock, valued at approximately $55,844,490.91. The trade was a 0.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

SLR Investment Price Performance

Shares of SLRC stock opened at $14.30 on Wednesday. The firm’s 50 day moving average price is $14.93 and its 200-day moving average price is $15.28. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.04 and a current ratio of 1.04. SLR Investment Corp. has a one year low of $13.64 and a one year high of $17.26.

SLR Investment (NASDAQ:SLRC) last posted its earnings results on Tuesday, February 24th. The financial services provider reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. The firm had revenue of $54.46 million during the quarter, compared to the consensus estimate of $54.97 million. SLR Investment had a net margin of 42.34% and a return on equity of 8.76%. On average, research analysts forecast that SLR Investment Corp. will post 1.76 earnings per share for the current year.

SLR Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 11.5%. The ex-dividend date is Friday, March 13th. SLR Investment’s dividend payout ratio (DPR) is currently 96.47%.

Institutional Trading of SLR Investment

Several hedge funds have recently modified their holdings of the stock. Kelleher Financial Advisors acquired a new position in SLR Investment during the 4th quarter worth $26,000. BNP Paribas Financial Markets raised its position in SLR Investment by 1,389.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,640 shares in the last quarter. CWM LLC raised its position in SLR Investment by 215.6% in the 3rd quarter. CWM LLC now owns 2,367 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,617 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of SLR Investment in the 3rd quarter valued at about $38,000. Finally, International Assets Investment Management LLC acquired a new position in shares of SLR Investment during the fourth quarter worth about $42,000. 35.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on SLRC. Raymond James Financial set a $16.00 price objective on SLR Investment and gave the company an “outperform” rating in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SLR Investment in a research report on Monday, December 29th. JPMorgan Chase & Co. cut their price target on shares of SLR Investment from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Friday, March 13th. Compass Point raised shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price target on the stock in a research report on Tuesday, March 10th. Finally, Wells Fargo & Company lowered their price objective on shares of SLR Investment from $13.00 to $12.00 and set an “underweight” rating for the company in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.50.

About SLR Investment

SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.

SLR Investment Corp.