SLR Investment (NASDAQ:SLRC) Announces Earnings Results

SLR Investment (NASDAQ:SLRC) issued its earnings results on Tuesday. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33, Zacks reports. The business had revenue of $49.34 million during the quarter, compared to analysts’ expectations of $48.93 million. SLR Investment had a return on equity of 7.96% and a net margin of 35.20%.

SLR Investment Trading Down 0.1%

SLRC traded down $0.01 during midday trading on Tuesday, hitting $11.80. 367,179 shares of the company were exchanged, compared to its average volume of 381,447. The firm has a market capitalization of $643.75 million, a P/E ratio of 8.74 and a beta of 0.69. SLR Investment has a 1-year low of $10.96 and a 1-year high of $16.36. The firm’s 50 day moving average price is $11.85 and its 200-day moving average price is $13.40. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.17.

Insider Buying and Selling at SLR Investment

In related news, insider Michael Gross purchased 20,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was bought at an average price of $12.35 per share, with a total value of $247,000.00. Following the completion of the purchase, the insider owned 4,065,153 shares in the company, valued at approximately $50,204,639.55. This represents a 0.49% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 9.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. B. Riley Financial lowered SLR Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SLR Investment in a research note on Monday, October 26th. Wall Street Zen upgraded shares of SLR Investment from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research upgraded shares of SLR Investment from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $14.10.

SLR Investment Company Profile

SLR Investment Corp. (NASDAQ: SLRC) is a business development company that provides financing to middle-market companies, primarily in the United States. The company seeks to support businesses that may have limited access to traditional bank financing by investing in a range of debt and equity securities.

Its investment activities generally focus on senior secured loans, subordinated debt, mezzanine investments and equity interests. SLR Investment typically partners with private equity sponsors and company management teams, providing capital for acquisitions, recapitalizations, refinancing, growth initiatives and other corporate purposes.