SLR Investment (NASDAQ:SLRC) Issues Earnings Results

by · The Cerbat Gem

SLR Investment (NASDAQ:SLRC – Get Free Report) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40, Zacks reports. SLR Investment had a return on equity of 8.98% and a net margin of 41.00%.

SLR Investment Stock Up 1.7%

SLRC traded up $0.24 during trading on Tuesday, hitting $14.65. 484,533 shares of the company traded hands, compared to its average volume of 288,386. SLR Investment has a one year low of $13.64 and a one year high of $17.94. The stock’s fifty day moving average is $15.20 and its 200 day moving average is $15.49. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.07 and a quick ratio of 1.07.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its stake in shares of SLR Investment by 4.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 19,902 shares of the financial services provider’s stock worth $304,000 after acquiring an additional 824 shares during the period. Acadian Asset Management LLC lifted its holdings in SLR Investment by 173.3% during the first quarter. Acadian Asset Management LLC now owns 16,702 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 10,591 shares during the last quarter. Smithbridge Asset Management Inc. DE purchased a new stake in SLR Investment during the fourth quarter valued at about $278,000. Wells Fargo & Company MN boosted its position in SLR Investment by 73.9% during the fourth quarter. Wells Fargo & Company MN now owns 17,483 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 7,427 shares during the period. Finally, Price T Rowe Associates Inc. MD purchased a new position in shares of SLR Investment in the fourth quarter worth about $269,000. 35.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of SLR Investment in a report on Monday, December 29th. Wall Street Zen raised shares of SLR Investment from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of SLR Investment from $17.00 to $16.50 and set a “market perform” rating for the company in a research note on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.04.

View Our Latest Stock Analysis on SLRC

SLR Investment Company Profile

(Get Free Report)

SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.

SLR Investment Corp.

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