SLR Investment Corp. (NASDAQ:SLRC – Get Free Report) 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 – Get Free Report) 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
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.
Read Our Latest Stock Report on SLRC
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.
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