SLR Investment Corp. (SLRC) to Issue Quarterly Dividend of $0.41 on March 27th

SLR Investment Corp. (NASDAQ:SLRC) announced a quarterly dividend on Tuesday, February 24th. Investors of record on Friday, March 13th will be paid a dividend of 0.41 per share by the financial services provider on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 10.8%. The ex-dividend date of this dividend is Friday, March 13th.

SLR Investment has a payout ratio of 100.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect SLR Investment to earn $1.65 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 99.4%.

SLR Investment Stock Performance

SLRC opened at $15.14 on Thursday. The stock’s 50 day moving average price is $15.18 and its 200-day moving average price is $15.48. SLR Investment has a one year low of $13.64 and a one year high of $17.94. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.15.

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, meeting analysts’ consensus estimates of $0.40. The company had revenue of $54.46 million during the quarter, compared to analyst estimates of $54.97 million. SLR Investment had a net margin of 42.34% and a return on equity of 8.76%. On average, sell-side analysts forecast that SLR Investment will post 1.76 earnings per share for the current year.

Institutional Trading of SLR Investment

Several hedge funds have recently made changes to their positions in the company. Ensign Peak Advisors Inc acquired a new position in SLR Investment during the fourth quarter worth $5,411,000. Franklin Resources Inc. increased its holdings in shares of SLR Investment by 1,413.2% in the 2nd quarter. Franklin Resources Inc. now owns 354,701 shares of the financial services provider’s stock valued at $5,725,000 after purchasing an additional 331,260 shares in the last quarter. Closed End Fund Advisors Inc. acquired a new stake in shares of SLR Investment in the fourth quarter valued at about $4,033,000. Millennium Management LLC purchased a new stake in SLR Investment during the third quarter worth about $2,650,000. Finally, Muzinich & Co. Inc. grew its position in SLR Investment by 37.4% during the fourth quarter. Muzinich & Co. Inc. now owns 534,336 shares of the financial services provider’s stock worth $8,261,000 after buying an additional 145,323 shares during the period. Institutional investors and hedge funds own 35.32% of the company’s stock.

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.