SLR Investment (NASDAQ:SLRC) Issues Earnings Results

SLR Investment (NASDAQ:SLRC) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates 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%.

SLR Investment Stock Down 0.1 %

NASDAQ:SLRC traded down $0.02 on Tuesday, hitting $17.49. 212,509 shares of the company’s stock traded hands, compared to its average volume of 152,722. The company has a market cap of $954.25 million, a PE ratio of 9.88 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 current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average price of $16.70 and a 200-day moving average price of $16.03.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company upped their price target on SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.