SLR Investment (NASDAQ:SLRC) Sees Unusually-High Trading Volume

Shares of SLR Investment Corp. (NASDAQ:SLRC) saw strong trading volume on Thursday . 97,926 shares changed hands during mid-day trading, a decline of 49% from the previous session’s volume of 190,353 shares.The stock last traded at $15.34 and had previously closed at $15.30.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on SLR Investment from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. B. Riley lifted their price target on SLR Investment from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.25.

SLR Investment Price Performance

The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50 day moving average of $15.12 and a two-hundred day moving average of $15.06. The stock has a market cap of $840.22 million, a PE ratio of 11.00 and a beta of 1.11.

SLR Investment (NASDAQ:SLRC) last released its earnings results on Tuesday, February 27th. The financial services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. SLR Investment had a return on equity of 9.36% and a net margin of 33.31%. The company had revenue of $59.79 million for the quarter, compared to analysts’ expectations of $59.00 million. Equities analysts anticipate that SLR Investment Corp. will post 1.73 EPS for the current year.

SLR Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be paid a $0.41 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $1.64 annualized dividend and a dividend yield of 10.65%. SLR Investment’s payout ratio is 117.14%.

Insider Activity at SLR Investment

In related news, insider Michael S. Gross bought 46,700 shares of SLR Investment stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of $15.44 per share, for a total transaction of $721,048.00. Following the acquisition, the insider now owns 3,735,524 shares in the company, valued at $57,676,490.56. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other SLR Investment news, insider Michael S. Gross purchased 40,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was bought at an average cost of $15.08 per share, for a total transaction of $603,200.00. Following the completion of the acquisition, the insider now directly owns 3,642,124 shares in the company, valued at $54,923,229.92. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael S. Gross bought 46,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of $15.44 per share, with a total value of $721,048.00. Following the completion of the purchase, the insider now directly owns 3,735,524 shares of the company’s stock, valued at approximately $57,676,490.56. The disclosure for this purchase can be found here. In the last quarter, insiders bought 109,336 shares of company stock valued at $1,680,539. 8.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SLRC. Citigroup Inc. acquired a new position in shares of SLR Investment in the third quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in shares of SLR Investment in the third quarter valued at $28,000. Comerica Bank acquired a new position in shares of SLR Investment in the third quarter valued at $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of SLR Investment in the first quarter valued at $29,000. Finally, Tower Research Capital LLC TRC grew its position in SLR Investment by 614.8% in the third quarter. Tower Research Capital LLC TRC now owns 2,323 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 1,998 shares during the period. 35.32% of the stock is currently owned by institutional investors and hedge funds.

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.