SLR Investment (NASDAQ:SLRC) Posts Quarterly Earnings Results, Meets Expectations

SLR Investment (NASDAQ:SLRC) announced its earnings results on Tuesday. The financial services provider reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40, Zacks reports. SLR Investment had a return on equity of 8.98% and a net margin of 41.00%.

SLR Investment Trading Up 1.7%

Shares of SLR Investment stock traded up $0.24 during trading on Tuesday, reaching $14.65. The stock had a trading volume of 484,108 shares, compared to its average volume of 288,361. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average price of $15.20 and a two-hundred day moving average price of $15.49. SLR Investment has a 52 week low of $13.64 and a 52 week high of $17.94.

Hedge Funds Weigh In On SLR Investment

Hedge funds have recently modified their holdings of the stock. Ensign Peak Advisors Inc acquired a new position in shares of SLR Investment during the 4th quarter worth about $5,411,000. Millennium Management LLC bought a new position in SLR Investment during the third quarter worth about $2,650,000. UBS Group AG increased its position in SLR Investment by 22.4% during the third quarter. UBS Group AG now owns 500,023 shares of the financial services provider’s stock worth $7,645,000 after buying an additional 91,622 shares during the last quarter. Two Sigma Investments LP raised its stake in SLR Investment by 25.4% in the third quarter. Two Sigma Investments LP now owns 380,119 shares of the financial services provider’s stock valued at $5,812,000 after buying an additional 76,931 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of SLR Investment by 137.1% in the third quarter. Bank of America Corp DE now owns 127,033 shares of the financial services provider’s stock valued at $1,942,000 after buying an additional 73,451 shares during the last quarter. Institutional investors own 35.32% of the company’s stock.

Wall Street Analysts Forecast Growth

SLRC has been the subject of several research reports. Wall Street Zen upgraded shares of SLR Investment from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Keefe, Bruyette & Woods decreased their price target on shares of 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. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of SLR Investment in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $16.04.

About SLR Investment

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.