Michael Gross Buys 20,000 Shares of SLR Investment (NASDAQ:SLRC) Stock

SLR Investment Corp. (NASDAQ:SLRC) insider Michael Gross bought 20,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were purchased at an average price of $12.35 per share, with a total value of $247,000.00. Following the acquisition, the insider directly owned 4,065,153 shares in the company, valued at approximately $50,204,639.55. This trade represents a 0.49% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

SLR Investment Stock Down 1.9%

SLRC opened at $12.08 on Friday. SLR Investment Corp. has a 1 year low of $11.98 and a 1 year high of $16.48. The firm has a 50 day moving average price of $12.79 and a 200 day moving average price of $13.54. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $659.02 million, a PE ratio of 8.95 and a beta of 0.64.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33. SLR Investment had a net margin of 35.20% and a return on equity of 7.96%. The company had revenue of $20.50 million during the quarter, compared to the consensus estimate of $48.82 million. Sell-side analysts expect that SLR Investment Corp. will post 1.31 earnings per share for the current year.

SLR Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Friday, September 11th. SLR Investment’s payout ratio is currently 91.85%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SLRC shares. B. Riley Financial downgraded SLR Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. reduced their price target on SLR Investment from $13.50 to $12.00 and set an “underweight” rating on the stock in a research report on Thursday, July 2nd. Zacks Research upgraded SLR Investment from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings lowered shares of SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SLR Investment has an average rating of “Hold” and an average target price of $14.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Triad Investment Management increased its holdings in SLR Investment by 20.9% during the 2nd quarter. Triad Investment Management now owns 152,053 shares of the financial services provider’s stock worth $1,881,000 after purchasing an additional 26,239 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of SLR Investment during the second quarter worth approximately $169,000. Triumph Capital Management grew its position in shares of SLR Investment by 17.0% during the second quarter. Triumph Capital Management now owns 54,814 shares of the financial services provider’s stock worth $678,000 after buying an additional 7,946 shares in the last quarter. Rivernorth Capital Management LLC bought a new stake in shares of SLR Investment in the second quarter worth $1,926,000. Finally, Wedbush Securities Inc. increased its stake in shares of SLR Investment by 8.2% in the second quarter. Wedbush Securities Inc. now owns 58,539 shares of the financial services provider’s stock worth $724,000 after buying an additional 4,419 shares during the last quarter. Hedge funds and other institutional investors own 35.32% of the company’s stock.

About SLR Investment

SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.

SLR Investment Corp.