SLR Investment (NASDAQ:SLRC) Releases Earnings Results

SLR Investment (NASDAQ:SLRC - Get Free Report) issued its earnings results on Wednesday. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01, Zacks reports. The business had revenue of $59.77 million during the quarter, compared to analyst estimates of $58.48 million. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. During the same quarter in the prior year, the firm earned $0.42 earnings per share.

SLR Investment Stock Up 1.7 %

NASDAQ SLRC traded up $0.27 during trading hours on Friday, reaching $16.17. 184,619 shares of the company's stock traded hands, compared to its average volume of 158,321. The firm has a market cap of $882.15 million, a PE ratio of 9.14 and a beta of 1.12. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.04 and a quick ratio of 1.04. SLR Investment has a 52-week low of $14.41 and a 52-week high of $16.77. The firm has a 50-day simple moving average of $15.31 and a 200 day simple moving average of $15.67.

SLR Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.64 dividend on an annualized basis and a yield of 10.14%. SLR Investment's dividend payout ratio (DPR) is 92.66%.

Analysts Set New Price Targets

SLRC has been the subject of several recent research reports. StockNews.com started coverage on shares of SLR Investment in a research note on Tuesday, July 23rd. They issued a "hold" rating for the company. JPMorgan Chase & Co. lowered SLR Investment from a "neutral" rating to an "underweight" rating and reduced their price target for the stock from $15.50 to $15.00 in a research report on Monday, July 29th. Finally, Wells Fargo & Company dropped their price objective on SLR Investment from $13.00 to $12.50 and set an "underweight" rating for the company in a research note on Tuesday, October 29th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $15.13.

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.