SLR Investment Corp. (NASDAQ:SLRC – Get Rating) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 420,600 shares, a decrease of 22.2% from the December 31st total of 540,600 shares. Based on an average daily volume of 232,100 shares, the short-interest ratio is currently 1.8 days.
Wall Street Analyst Weighs In
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SLRC has been the subject of a number of analyst reports. Hovde Group decreased their price objective on shares of SLR Investment to $15.00 in a research report on Wednesday, October 5th. Compass Point upgraded shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $15.75 target price on the stock in a research note on Wednesday, November 9th. StockNews.com assumed coverage on shares of SLR Investment in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock. Finally, Wells Fargo & Company cut their target price on shares of SLR Investment from $12.00 to $11.50 and set an “underweight” rating on the stock in a research note on Friday, November 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.89.
Insider Buying and Selling
In other SLR Investment news, insider Bruce J. Spohler purchased 59,400 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The stock was purchased at an average cost of $15.02 per share, with a total value of $892,188.00. Following the transaction, the insider now owns 3,249,327 shares in the company, valued at $48,804,891.54. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Bruce J. Spohler acquired 59,400 shares of the firm’s stock in a transaction on Monday, December 5th. The stock was bought at an average cost of $15.02 per share, with a total value of $892,188.00. Following the transaction, the insider now directly owns 3,249,327 shares in the company, valued at approximately $48,804,891.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael S. Gross acquired 17,932 shares of the firm’s stock in a transaction on Thursday, December 1st. The stock was purchased at an average cost of $14.99 per share, with a total value of $268,800.68. Following the completion of the transaction, the insider now owns 2,961,423 shares in the company, valued at $44,391,730.77. The disclosure for this purchase can be found here. In the last three months, insiders acquired 84,190 shares of company stock valued at $1,256,795. Company insiders own 7.40% of the company’s stock.
Institutional Investors Weigh In On SLR Investment
Large investors have recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of SLR Investment in the first quarter valued at approximately $29,000. Tower Research Capital LLC TRC increased its stake in shares of SLR Investment by 614.8% in the third quarter. Tower Research Capital LLC TRC now owns 2,323 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,998 shares during the period. Quantbot Technologies LP acquired a new stake in shares of SLR Investment in the second quarter valued at approximately $30,000. Founders Capital Management increased its stake in shares of SLR Investment by 76.0% in the second quarter. Founders Capital Management now owns 2,640 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,140 shares during the period. Finally, AllSquare Wealth Management LLC increased its stake in shares of SLR Investment by 105.7% in the second quarter. AllSquare Wealth Management LLC now owns 2,880 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 1,480 shares during the period. Institutional investors and hedge funds own 33.85% of the company’s stock.
SLR Investment Price Performance
SLRC opened at $15.45 on Friday. The firm has a market cap of $846.20 million, a price-to-earnings ratio of 110.36 and a beta of 1.09. SLR Investment has a fifty-two week low of $12.08 and a fifty-two week high of $18.86. The company’s 50-day moving average price is $14.59 and its 200 day moving average price is $14.33. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.14.
SLR Investment (NASDAQ:SLRC – Get Rating) last released its quarterly earnings data on Wednesday, November 2nd. The financial services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $47.57 million for the quarter, compared to analyst estimates of $46.98 million. SLR Investment had a return on equity of 7.57% and a net margin of 3.43%. As a group, sell-side analysts expect that SLR Investment will post 1.47 earnings per share for the current year.
SLR Investment Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 2nd. Investors of record on Thursday, January 26th will be paid a dividend of $0.137 per share. The ex-dividend date of this dividend is Wednesday, January 25th. This represents a $1.64 annualized dividend and a yield of 10.64%. SLR Investment’s dividend payout ratio (DPR) is 1,171.43%.
About SLR Investment
(Get Rating)
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.
Further Reading
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