Insider Buying: SLR Investment (NASDAQ:SLRC) Insider Acquires $145,282.80 in Stock

SLR Investment Corp. (NASDAQ:SLRC) insider Michael Gross acquired 10,452 shares of the stock in a transaction on Monday, March 16th. The shares were purchased at an average price of $13.90 per share, with a total value of $145,282.80. Following the completion of the transaction, the insider owned 4,025,153 shares of the company’s stock, valued at approximately $55,949,626.70. This represents a 0.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

SLR Investment Trading Up 0.3%

Shares of SLRC stock opened at $14.32 on Friday. SLR Investment Corp. has a fifty-two week low of $13.64 and a fifty-two week high of $17.26. The stock’s fifty day moving average price is $14.89 and its two-hundred day moving average price is $15.27. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $781.30 million, a PE ratio of 8.42 and a beta of 0.69.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings data on Tuesday, February 24th. The financial services provider reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The business had revenue of $54.46 million during the quarter, compared to the consensus estimate of $54.97 million. SLR Investment had a return on equity of 8.76% and a net margin of 42.34%. Equities analysts predict that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.

SLR Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 11.5%. SLR Investment’s dividend payout ratio is 96.47%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On SLR Investment

A number of institutional investors have recently added to or reduced their stakes in the business. Kelleher Financial Advisors acquired a new position in shares of SLR Investment during the fourth quarter worth $26,000. BNP Paribas Financial Markets lifted its holdings in SLR Investment by 1,389.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,640 shares during the period. CWM LLC grew its position in shares of 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 buying an additional 1,617 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of SLR Investment in the third quarter valued at about $38,000. Finally, International Assets Investment Management LLC acquired a new position in shares of SLR Investment in the fourth quarter worth approximately $42,000. 35.32% of the stock is owned by institutional investors.

SLR Investment Company Profile

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.