SLR Investment (NASDAQ:SLRC) Sees Strong Trading Volume – Here’s What Happened

SLR Investment Corp. (NASDAQ:SLRC) saw unusually-strong trading volume on Monday . Approximately 176,597 shares traded hands during trading, an increase of 12% from the previous session’s volume of 158,287 shares.The stock last traded at $16.40 and had previously closed at $16.16.

Analyst Ratings Changes

Several research firms recently issued reports on SLRC. JPMorgan Chase & Co. cut shares of SLR Investment from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $15.50 to $15.00 in a research report on Monday, July 29th. StockNews.com initiated coverage on SLR Investment in a report on Tuesday, July 23rd. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company lifted their target price on SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a research 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.25.

SLR Investment Stock Performance

The company has a market cap of $894.24 million, a price-to-earnings ratio of 9.13 and a beta of 1.12. The firm has a 50-day simple moving average of $15.33 and a 200 day simple moving average of $15.69. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. The company had revenue of $59.77 million for the quarter, compared to the consensus estimate of $58.48 million. During the same period last year, the firm posted $0.42 EPS. On average, sell-side analysts predict that SLR Investment Corp. will post 1.76 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The firm 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. This represents a $1.64 dividend on an annualized basis and a yield of 10.01%. The ex-dividend date is Friday, December 13th. SLR Investment’s dividend payout ratio is presently 92.66%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its holdings in shares of SLR Investment by 12.9% during the third quarter. Sunbelt Securities Inc. now owns 100,576 shares of the financial services provider’s stock worth $1,514,000 after purchasing an additional 11,510 shares during the last quarter. Jane Street Group LLC increased its stake in shares of SLR Investment by 15.0% during the 3rd quarter. Jane Street Group LLC now owns 15,541 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 2,022 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of SLR Investment during the 3rd quarter worth about $210,000. Quantbot Technologies LP acquired a new position in SLR Investment during the third quarter worth approximately $90,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in SLR Investment during the third quarter worth approximately $353,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

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.