Andrea Colvin Roberts Acquires 25,000 Shares of SLR Investment Corp. (NASDAQ:SLRC) Stock

SLR Investment Corp. (NASDAQ:SLRC) Director Andrea Colvin Roberts purchased 25,000 shares of the stock in a transaction dated Friday, June 14th. The shares were bought at an average cost of $15.98 per share, for a total transaction of $399,500.00. Following the completion of the purchase, the director now owns 25,000 shares in the company, valued at $399,500. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

SLR Investment Price Performance

Shares of NASDAQ SLRC opened at $15.83 on Wednesday. The stock has a market cap of $863.61 million, a price-to-earnings ratio of 8.89 and a beta of 1.12. SLR Investment Corp. has a 52 week low of $13.93 and a 52 week high of $16.77. The company’s 50-day moving average price is $15.96 and its 200 day moving average price is $15.42. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.17.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. The firm had revenue of $58.10 million for the quarter, compared to analysts’ expectations of $58.96 million. SLR Investment had a net margin of 41.66% and a return on equity of 9.51%. As a group, research analysts forecast that SLR Investment Corp. will post 1.74 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.64 dividend on an annualized basis and a yield of 10.36%. SLR Investment’s dividend payout ratio (DPR) is 92.13%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SLRC shares. JPMorgan Chase & Co. lowered their price target on shares of 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 reaffirmed a “neutral” rating and set a $17.00 price target (up from $16.00) on shares of SLR Investment in a research note on Friday, May 10th. 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 research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in SLR Investment in the 1st quarter valued at about $342,000. Pullen Investment Management LLC purchased a new position in SLR Investment in the 1st quarter valued at about $809,000. Janney Montgomery Scott LLC lifted its holdings in SLR Investment by 11.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 56,531 shares of the financial services provider’s stock valued at $868,000 after purchasing an additional 5,692 shares in the last quarter. Van ECK Associates Corp lifted its holdings in SLR Investment by 8.0% in the 1st quarter. Van ECK Associates Corp now owns 918,196 shares of the financial services provider’s stock valued at $14,094,000 after purchasing an additional 68,320 shares in the last quarter. Finally, GraniteShares Advisors LLC lifted its holdings in SLR Investment by 14.6% in the 1st quarter. GraniteShares Advisors LLC now owns 112,120 shares of the financial services provider’s stock valued at $1,721,000 after purchasing an additional 14,266 shares in the last quarter. 35.32% of the stock is currently 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.