SLR Investment Corp. (NASDAQ:SLRC) Plans $0.41 Quarterly Dividend

SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) announced a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.41 per share by the financial services provider on Friday, March 28th. This represents a $1.64 dividend on an annualized basis and a yield of 9.30%. The ex-dividend date of this dividend is Friday, March 14th.

SLR Investment has a payout ratio of 98.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Research analysts expect SLR Investment to earn $1.65 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 99.4%.

SLR Investment Trading Up 2.1 %

Shares of NASDAQ SLRC traded up $0.36 during mid-day trading on Friday, reaching $17.63. The company had a trading volume of 260,194 shares, compared to its average volume of 160,561. The stock has a market cap of $961.89 million, a price-to-earnings ratio of 9.96 and a beta of 1.14. SLR Investment has a 52 week low of $14.41 and a 52 week high of $17.85. The business's 50-day moving average is $16.82 and its 200-day moving average is $16.09. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11.

SLR Investment (NASDAQ:SLRC - Get Free Report) last issued its earnings results on Tuesday, February 25th. The financial services provider reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The business had revenue of $55.58 million for the quarter, compared to analyst estimates of $57.08 million. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. Equities analysts expect that SLR Investment will post 1.76 earnings per share for the current year.

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Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company upped their target price on SLR Investment from $12.50 to $13.00 and gave the stock an "underweight" rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.