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

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

SLR Investment Price Performance

Shares of SLRC opened at $12.93 on Friday. SLR Investment Corp. has a 12-month low of $12.82 and a 12-month high of $17.19. The business has a 50-day simple moving average of $14.66 and a two-hundred day simple moving average of $15.09. 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 has a market cap of $705.46 million, a PE ratio of 7.88 and a beta of 0.71.

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

SLR Investment Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 9.6%. The ex-dividend date of this dividend is Friday, June 12th. SLR Investment’s dividend payout ratio is presently 100.00%.

Institutional Investors Weigh In On SLR Investment

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC increased its stake in shares of SLR Investment by 2.2% in the third quarter. Chicago Partners Investment Group LLC now owns 30,599 shares of the financial services provider’s stock valued at $474,000 after buying an additional 672 shares during the period. Inspire Investing LLC boosted its position in shares of SLR Investment by 2.3% during the 4th quarter. Inspire Investing LLC now owns 30,238 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 688 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of SLR Investment by 4.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 19,902 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 824 shares in the last quarter. NewEdge Wealth LLC boosted its position in shares of SLR Investment by 0.9% during the 4th quarter. NewEdge Wealth LLC now owns 96,455 shares of the financial services provider’s stock valued at $1,491,000 after purchasing an additional 881 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its position in shares of SLR Investment by 4.9% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 19,677 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 915 shares in the last quarter. Institutional investors and hedge funds own 35.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SLRC. Raymond James Financial set a $16.00 target price on SLR Investment and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Compass Point raised SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 target price for the company in a report on Tuesday, March 10th. Wall Street Zen cut SLR Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Wells Fargo & Company decreased their price target on SLR Investment from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, May 7th. Finally, Zacks Research cut SLR Investment from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, SLR Investment presently has an average rating of “Reduce” and an average price target 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.