SLR Investment (SLRC) to Release Earnings on Wednesday

SLR Investment (NASDAQ:SLRC) will be issuing its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. SLR Investment had a return on equity of 9.51% and a net margin of 41.66%. The firm 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 Trading Down 2.9 %

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

SLR Investment Announces Dividend

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

Wall Street Analysts Forecast Growth

SLRC has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a report on Friday, July 26th. StockNews.com assumed coverage on SLR Investment in a research report on Tuesday, July 23rd. They set a “hold” rating on the stock. JPMorgan Chase & Co. lowered SLR Investment from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $15.50 to $15.00 in a report on Monday, July 29th. B. Riley reaffirmed a “neutral” rating and set a $17.00 target price (up from $16.00) on shares of SLR Investment in a report on Friday, May 10th. Finally, Keefe, Bruyette & Woods upped their price target 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 analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, SLR Investment presently has a consensus rating of “Hold” and a consensus target price of $15.25.

Insider Transactions at SLR Investment

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

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.