SLR Investment (NASDAQ:SLRC - Get Free Report) announced its earnings results on Tuesday. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01, Zacks reports. The company had revenue of $55.58 million for the quarter, compared to analyst estimates of $57.08 million. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%.
SLR Investment Stock Performance
Shares of SLRC stock traded up $0.36 on Friday, hitting $17.63. 260,194 shares of the stock traded hands, compared to its average volume of 160,561. The company has a market capitalization of $961.89 million, a PE ratio of 9.96 and a beta of 1.14. SLR Investment has a 1-year low of $14.41 and a 1-year high of $17.85. The company's fifty day moving average is $16.82 and its 200 day moving average is $16.09. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06.
SLR Investment Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 9.30%. The ex-dividend date is Friday, March 14th. SLR Investment's dividend payout ratio is currently 93.71%.
Analyst Ratings Changes
Separately, Wells Fargo & Company upped their price target on shares of SLR Investment from $12.50 to $13.00 and gave the company an "underweight" rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $15.25.
Read Our Latest Report on SLR Investment
SLR Investment Company Profile
(
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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.
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