Investment

SLR Investment Corp. (NASDAQ:SLRC) Sees Large Decrease in Short Interest

SLR Investment Corp. (NASDAQ:SLRC – Get Rating) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 302,600 shares, a drop of 29.8% from the April 15th total of 430,800 shares. Based on an average daily trading volume, of 251,000 shares, the short-interest ratio is currently 1.2 days.

A number of hedge funds have recently bought and sold shares of SLRC. AllSquare Wealth Management LLC bought a new stake in shares of SLR Investment in the first quarter valued at about $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of SLR Investment in the first quarter valued at about $29,000. Allworth Financial LP bought a new stake in shares of SLR Investment in the first quarter valued at about $30,000. Geneos Wealth Management Inc. lifted its holdings in shares of SLR Investment by 404.3% in the third quarter. Geneos Wealth Management Inc. now owns 3,152 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 2,527 shares in the last quarter. Finally, City State Bank bought a new stake in shares of SLR Investment in the fourth quarter valued at about $60,000.

Several research firms have recently commented on SLRC. Maxim Group began coverage on SLR Investment in a research note on Monday, April 25th. They issued a “buy” rating and a $20.00 target price for the company. TheStreet cut SLR Investment from a “b-” rating to a “c” rating in a research note on Wednesday, March 9th. Zacks Investment Research cut SLR Investment from a “hold” rating to a “sell” rating in a research note on Saturday, March 5th. StockNews.com raised SLR Investment from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Wells Fargo & Company decreased their price objective on SLR Investment from $17.25 to $16.00 and set an “equal weight” rating for the company in a research note on Monday, April 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.40.

SLRC stock opened at $15.64 on Friday. The business’s 50-day moving average price is $17.39 and its two-hundred day moving average price is $18.25. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.98. The firm has a market cap of $856.60 million, a PE ratio of 16.64 and a beta of 1.14. SLR Investment has a 1-year low of $15.13 and a 1-year high of $20.05.

SLR Investment (NASDAQ:SLRC – Get Rating) last posted its earnings results on Tuesday, March 1st. The financial services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). The business had revenue of $35.73 million for the quarter, compared to the consensus estimate of $37.17 million. SLR Investment had a return on equity of 7.11% and a net margin of 28.96%. During the same quarter in the prior year, the firm posted $0.35 earnings per share. On average, analysts forecast that SLR Investment will post 1.43 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, June 2nd. Shareholders of record on Thursday, May 19th will be issued a dividend of $0.137 per share. The ex-dividend date is Wednesday, May 18th. This represents a $1.64 annualized dividend and a yield of 10.51%. SLR Investment’s dividend payout ratio is presently 174.47%.

SLR Investment Company Profile (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.

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