SLR Senior Investment Corp. (NASDAQ:SUNS) announced a monthly dividend on Wednesday, May 5th, Zacks reports. Stockholders of record on Thursday, May 20th will be given a dividend of 0.10 per share by the asset manager on Wednesday, June 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.97%. The ex-dividend date is Wednesday, May 19th.
SLR Senior Investment has a dividend payout ratio of 94.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect SLR Senior Investment to earn $1.20 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 100.0%.
NASDAQ SUNS opened at $15.05 on Monday. SLR Senior Investment has a 52-week low of $11.00 and a 52-week high of $16.41. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $241.54 million, a P/E ratio of 18.58 and a beta of 1.38. The company has a fifty day moving average of $15.52 and a 200-day moving average of $14.84.
Several analysts have weighed in on the stock. LADENBURG THALM/SH SH reissued a “neutral” rating on shares of SLR Senior Investment in a research note on Thursday, March 4th. Oppenheimer reissued a “buy” rating and issued a $16.00 price target on shares of SLR Senior Investment in a research note on Friday, February 26th. Zacks Investment Research downgraded shares of SLR Senior Investment from a “hold” rating to a “sell” rating in a research note on Thursday. Maxim Group restated a “buy” rating and issued a $19.00 price objective on shares of SLR Senior Investment in a research report on Friday, January 29th. Finally, TheStreet upgraded shares of SLR Senior Investment from a “c” rating to a “b-” rating in a research report on Wednesday, February 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $17.50.
In other news, insider Michael S. Gross acquired 8,457 shares of the firm’s stock in a transaction on Monday, March 1st. The shares were purchased at an average price of $15.36 per share, for a total transaction of $129,899.52. Following the completion of the transaction, the insider now owns 243,087 shares of the company’s stock, valued at $3,733,816.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.70% of the stock is currently owned by insiders.
About SLR Senior Investment
Solar Senior Capital Ltd. is a business development company specializing in investments in leveraged, middle-market companies in the United States. The fund invests in the form of senior secured loans, including first lien, unitranche, and second lien debt instruments. It does not invest in start-up companies or companies having speculative business plans.
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