SLR Investment (NASDAQ:SLRC) Insider Michael Gross Buys 10,000 Shares

SLR Investment Corp. (NASDAQ:SLRC) insider Michael Gross bought 10,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were acquired at an average cost of $13.09 per share, with a total value of $130,900.00. Following the purchase, the insider directly owned 4,035,153 shares of the company’s stock, valued at approximately $52,820,152.77. This represents a 0.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

SLR Investment Stock Down 0.5%

Shares of NASDAQ SLRC traded down $0.07 on Thursday, reaching $12.93. 518,133 shares of the company’s stock traded hands, compared to its average volume of 375,353. SLR Investment Corp. has a 12 month low of $12.82 and a 12 month high of $17.19. The business’s 50 day simple moving average is $14.70 and its two-hundred day simple moving average is $15.10. The company has a market cap of $705.46 million, a price-to-earnings ratio of 7.88 and a beta of 0.71. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Tuesday, May 5th. The financial services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). SLR Investment had a net margin of 41.81% and a return on equity of 8.33%. The business had revenue of $47.14 million for the quarter, compared to the consensus estimate of $54.01 million. As a group, equities research analysts forecast that SLR Investment Corp. will post 1.33 EPS for the current fiscal year.

SLR Investment Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.24 annualized dividend and a dividend yield of 9.6%. SLR Investment’s dividend payout ratio (DPR) is 100.00%.

Institutional Investors Weigh In On SLR Investment

A number of large investors have recently added to or reduced their stakes in SLRC. Ensign Peak Advisors Inc bought a new stake in SLR Investment in the 4th quarter worth approximately $5,411,000. Closed End Fund Advisors Inc. bought a new stake in SLR Investment in the 4th quarter worth approximately $4,033,000. Millennium Management LLC bought a new stake in SLR Investment in the 3rd quarter worth approximately $2,650,000. Muzinich & Co. Inc. grew its position in SLR Investment by 37.4% in the 4th quarter. Muzinich & Co. Inc. now owns 534,336 shares of the financial services provider’s stock worth $8,261,000 after purchasing an additional 145,323 shares during the period. Finally, Triad Investment Management bought a new stake in SLR Investment in the 4th quarter worth approximately $1,930,000. Institutional investors own 35.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SLRC. Wells Fargo & Company reduced their price target on shares of SLR Investment from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Thursday, May 7th. Wall Street Zen downgraded shares of SLR Investment from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Raymond James Financial set a $16.00 price target on shares of SLR Investment and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Compass Point raised shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price target for the company in a research report on Tuesday, March 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of SLR Investment from $14.00 to $13.50 and set an “underweight” rating for the company in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $14.40.

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.