Andrea Colvin Roberts Buys 25,000 Shares of SLR Investment Corp. (NASDAQ:SLRC) Stock

SLR Investment Corp. (NASDAQ:SLRC) Director Andrea Colvin Roberts acquired 25,000 shares of the business’s stock in a transaction on Friday, June 14th. The stock was purchased at an average cost of $15.98 per share, with a total value of $399,500.00. Following the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $399,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

SLR Investment Stock Performance

Shares of NASDAQ:SLRC opened at $15.85 on Monday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.05 and a quick ratio of 1.05. SLR Investment Corp. has a 1 year low of $13.93 and a 1 year high of $16.77. The firm has a market capitalization of $864.78 million, a PE ratio of 8.90 and a beta of 1.12. The business’s 50 day moving average price is $15.92 and its 200-day moving average price is $15.42.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. SLR Investment had a return on equity of 9.51% and a net margin of 41.66%. The company had revenue of $58.10 million for the quarter, compared to analyst estimates of $58.96 million. As a group, equities research analysts expect that SLR Investment Corp. will post 1.74 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be paid a dividend of $0.41 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.64 annualized dividend and a yield of 10.35%. SLR Investment’s dividend payout ratio is presently 92.13%.

Wall Street Analysts Forecast Growth

SLRC has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their target price on SLR Investment from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. B. Riley reaffirmed a “neutral” rating and set a $17.00 target price (up from $16.00) on shares of SLR Investment in a research note on Friday, May 10th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of SLR Investment from $15.50 to $16.00 and gave the stock a “market perform” rating in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, SLR Investment has an average rating of “Hold” and a consensus price target of $14.88.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Westend Capital Management LLC purchased a new stake in shares of SLR Investment in the first quarter valued at approximately $74,000. Oxford Asset Management LLP purchased a new position in shares of SLR Investment during the 4th quarter worth $191,000. Virtu Financial LLC acquired a new position in shares of SLR Investment during the 4th quarter valued at about $195,000. Samalin Investment Counsel LLC grew its holdings in shares of SLR Investment by 21.4% in the third quarter. Samalin Investment Counsel LLC now owns 15,017 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 2,652 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in SLR Investment by 22.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,748 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 3,081 shares during the last quarter. 35.32% of the stock is owned by hedge funds and other institutional investors.

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.