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

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

SLR Investment Trading Up 2.7%

Shares of SLR Investment stock traded up $0.38 during trading on Tuesday, hitting $14.30. 410,662 shares of the stock were exchanged, compared to its average volume of 371,020. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The stock’s fifty day moving average is $14.93 and its 200 day moving average is $15.28. SLR Investment Corp. has a 12 month low of $13.64 and a 12 month high of $17.26.

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

SLR Investment Dividend Announcement

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

Institutional Trading of SLR Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Kelleher Financial Advisors purchased a new position in shares of SLR Investment during the 4th quarter worth about $26,000. BNP Paribas Financial Markets lifted its position in shares of SLR Investment by 1,389.8% during the third quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,640 shares during the last quarter. CWM LLC increased its position in SLR Investment by 215.6% during 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 in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of SLR Investment during the third quarter valued at $38,000. Finally, International Assets Investment Management LLC purchased a new stake in SLR Investment in the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 35.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SLRC shares. Wells Fargo & Company decreased their target price on shares of SLR Investment from $13.00 to $12.00 and set an “underweight” rating for the company in a research report on Tuesday, March 3rd. Compass Point upgraded SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 target price on the stock in a report on Tuesday, March 10th. JPMorgan Chase & Co. reduced their price target on SLR Investment from $15.00 to $14.00 and set an “underweight” rating for the company in a research report on Friday. Raymond James Financial set a $16.00 price target on SLR Investment and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Finally, Keefe, Bruyette & Woods dropped their price objective on SLR Investment from $17.00 to $16.50 and set a “market perform” rating on the stock in a research note on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.50.

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.