SLR Investment (SLRC) Scheduled to Post Earnings on Wednesday

SLR Investment (NASDAQ:SLRC) is scheduled to post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. SLR Investment had a return on equity of 9.51% and a net margin of 41.66%. The business had revenue of $58.10 million during the quarter, compared to analysts’ expectations of $58.96 million. On average, analysts expect SLR Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SLR Investment Stock Performance

Shares of SLRC opened at $14.66 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.17. The firm has a market cap of $799.85 million, a price-to-earnings ratio of 8.24 and a beta of 1.13. SLR Investment has a 12 month low of $13.93 and a 12 month high of $16.77. The company’s fifty day moving average is $16.07 and its 200-day moving average is $15.58.

SLR Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 11.19%. The ex-dividend date was Thursday, June 13th. SLR Investment’s dividend payout ratio is 92.13%.

Insider Buying and Selling

In other news, Chairman Leonard M. Tannenbaum bought 56,584 shares of the stock in a transaction on Friday, July 12th. The stock was purchased at an average price of $12.80 per share, for a total transaction of $724,275.20. Following the acquisition, the chairman now owns 184,803 shares in the company, valued at $2,365,478.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, President Robyn Tannenbaum purchased 3,000 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was purchased at an average price of $11.05 per share, for a total transaction of $33,150.00. Following the completion of the purchase, the president now directly owns 24,959 shares in the company, valued at approximately $275,796.95. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Leonard M. Tannenbaum bought 56,584 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was purchased at an average price of $12.80 per share, with a total value of $724,275.20. Following the completion of the purchase, the chairman now directly owns 184,803 shares in the company, valued at approximately $2,365,478.40. The disclosure for this purchase can be found here. In the last three months, insiders acquired 95,584 shares of company stock valued at $1,255,125. 8.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SLRC has been the topic of a number of research reports. StockNews.com started coverage on shares of SLR Investment in a research report on Tuesday, July 23rd. They set a “hold” rating on the stock. B. Riley reaffirmed a “neutral” rating and set a $17.00 price objective (up from $16.00) on shares of SLR Investment in a research note on Friday, May 10th. Wells Fargo & Company raised their price objective on shares of SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. downgraded SLR Investment from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $15.50 to $15.00 in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of SLR Investment from $15.50 to $16.00 and gave the company a “market perform” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.