SLR Investment (NASDAQ:SLRC) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

SLR Investment (NASDAQ:SLRC) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01, Zacks reports. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. The company had revenue of $59.77 million during the quarter, compared to analysts’ expectations of $58.48 million. During the same period in the prior year, the company posted $0.42 earnings per share.

SLR Investment Stock Up 1.7 %

Shares of SLRC stock traded up $0.27 on Friday, reaching $16.17. 184,619 shares of the company’s stock traded hands, compared to its average volume of 158,321. The business’s 50 day moving average price is $15.31 and its two-hundred day moving average price is $15.67. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $882.15 million, a P/E ratio of 9.14 and a beta of 1.12. SLR Investment has a 12-month low of $14.41 and a 12-month high of $16.77.

SLR Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.41 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.64 annualized dividend and a yield of 10.14%. SLR Investment’s dividend payout ratio is currently 92.66%.

Analyst Ratings Changes

SLRC has been the subject of several recent research reports. Wells Fargo & Company cut their price target on SLR Investment from $13.00 to $12.50 and set an “underweight” rating for the company in a report on Tuesday, October 29th. JPMorgan Chase & Co. lowered shares of SLR Investment from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $15.50 to $15.00 in a research note on Monday, July 29th. Finally, StockNews.com began coverage on shares of SLR Investment in a research report on Tuesday, July 23rd. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.13.

About SLR Investment

SLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies.