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

SLR Investment (NASDAQ:SLRC) announced its earnings results on Tuesday. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01, Zacks reports. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The firm had revenue of $55.58 million for the quarter, compared to the consensus estimate of $57.08 million.

SLR Investment Price Performance

NASDAQ SLRC traded down $0.12 during trading hours on Thursday, reaching $17.09. The company’s stock had a trading volume of 36,586 shares, compared to its average volume of 153,829. The firm has a market capitalization of $932.16 million, a price-to-earnings ratio of 9.64 and a beta of 1.14. SLR Investment has a 1-year low of $14.41 and a 1-year high of $17.85. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50-day moving average is $16.76 and its two-hundred day moving average is $16.05.

SLR Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.64 dividend on an annualized basis and a yield of 9.60%. SLR Investment’s payout ratio is 93.71%.

Analyst Ratings Changes

Separately, Wells Fargo & Company boosted their price target on SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. 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 stock has a consensus rating of “Hold” and an average target price of $15.25.

SLR Investment Company Profile

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.