SLR Investment Corp. (NASDAQ:SLRC – Get Free Report) insider Michael Gross acquired 20,000 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was purchased at an average cost of $12.35 per share, for a total transaction of $247,000.00. Following the completion of the transaction, the insider owned 4,065,153 shares in the company, valued at approximately $50,204,639.55. The trade was a 0.49% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
SLR Investment Price Performance
Shares of SLRC opened at $12.08 on Monday. The firm has a market capitalization of $659.08 million, a price-to-earnings ratio of 8.95 and a beta of 0.64. The firm’s fifty day simple moving average is $12.79 and its 200-day simple moving average is $13.53. SLR Investment Corp. has a twelve month low of $11.98 and a twelve month high of $16.48. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.17.
SLR Investment (NASDAQ:SLRC – Get Free Report) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. SLR Investment had a net margin of 35.20% and a return on equity of 7.96%. The firm had revenue of $20.50 million during the quarter, compared to the consensus estimate of $48.82 million. Equities analysts forecast that SLR Investment Corp. will post 1.31 EPS for the current fiscal year.
SLR Investment Announces Dividend
Analysts Set New Price Targets
Several brokerages have recently weighed in on SLRC. Weiss Ratings downgraded shares of SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. dropped their target price on shares of SLR Investment from $13.50 to $12.00 and set an “underweight” rating on the stock in a research report on Thursday, July 2nd. B. Riley Financial cut shares of SLR Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Zacks Research upgraded shares of SLR Investment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.10.
View Our Latest Report on SLRC
Institutional Investors Weigh In On SLR Investment
Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its holdings in shares of SLR Investment by 1,389.8% during the third quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,640 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in SLR Investment during the 2nd quarter valued at approximately $28,000. International Assets Investment Management LLC acquired a new stake in SLR Investment during the 4th quarter worth approximately $42,000. Russell Investments Group Ltd. purchased a new position in shares of SLR Investment in the 3rd quarter valued at approximately $48,000. Finally, Greykasell Wealth Strategies Inc. purchased a new position in shares of SLR Investment in the 4th quarter valued at approximately $59,000. 35.32% of the stock is owned by hedge funds and other institutional investors.
SLR Investment Company Profile
SLR Investment Corp. (NASDAQ: SLRC) is a business development company that provides financing to middle-market companies, primarily in the United States. The company invests mainly in senior secured loans and other debt instruments, with a focus on businesses that may require flexible capital solutions to support acquisitions, growth, recapitalizations, refinancing, and other corporate initiatives.
SLR Investment may also make subordinated debt and equity investments, including investments alongside its lending activities.
Featured Stories
- Five stocks we like better than SLR Investment
- Why Bitcoin ETFs May Be Worth Another Look as Inflows Rebound
- 3 Small-Cap Biotechs With Binary Catalysts on the Calendar
- Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound
- As Homeowners’ Premiums Surge, This Insurer Is Posting Record Profits
Receive News & Ratings for SLR Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLR Investment and related companies with MarketBeat.com's FREE daily email newsletter.
