SLR Investment Corp. (NASDAQ:SLRC) Short Interest Update

SLR Investment Corp. (NASDAQ:SLRC) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 214,000 shares, a growth of 41.0% from the August 15th total of 151,800 shares. Based on an average trading volume of 134,800 shares, the short-interest ratio is presently 1.6 days.

Insider Activity at SLR Investment

In other SLR Investment news, Chairman Leonard M. Tannenbaum acquired 56,584 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was purchased at an average price of $12.80 per share, for a total transaction of $724,275.20. Following the acquisition, the chairman now owns 184,803 shares in the company, valued at approximately $2,365,478.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Chairman Leonard M. Tannenbaum acquired 56,584 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were purchased at an average price of $12.80 per share, for a total transaction of $724,275.20. Following the completion of the acquisition, the chairman now directly owns 184,803 shares in the company, valued at approximately $2,365,478.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Robyn Tannenbaum bought 3,000 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was bought at an average price of $11.05 per share, with a total value of $33,150.00. Following the completion of the purchase, the president now directly owns 24,959 shares in the company, valued at $275,796.95. The disclosure for this purchase can be found here. Insiders bought 70,584 shares of company stock valued at $855,625 over the last 90 days. Insiders own 8.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in SLR Investment during the second quarter worth $35,000. EverSource Wealth Advisors LLC acquired a new position in SLR Investment in the second quarter valued at about $47,000. Westend Capital Management LLC acquired a new position in SLR Investment in the first quarter valued at about $74,000. Oxford Asset Management LLP purchased a new position in SLR Investment during the fourth quarter worth about $191,000. Finally, Virtu Financial LLC acquired a new stake in shares of SLR Investment during the fourth quarter valued at about $195,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SLRC shares. Keefe, Bruyette & Woods raised their target price on SLR Investment from $15.50 to $16.00 and gave the stock a “market perform” rating in a research note on Thursday, May 23rd. StockNews.com started coverage on SLR Investment in a research report on Tuesday, July 23rd. They issued a “hold” rating on the stock. JPMorgan Chase & Co. lowered shares of SLR Investment from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $15.50 to $15.00 in a research report on Monday, July 29th. Finally, Wells Fargo & Company upped their price objective on shares of SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.25.

SLR Investment Stock Performance

NASDAQ:SLRC traded down $0.12 during trading hours on Monday, reaching $15.27. The company had a trading volume of 106,727 shares, compared to its average volume of 157,188. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.04 and a quick ratio of 1.04. SLR Investment has a 1-year low of $13.93 and a 1-year high of $16.77. The business’s 50 day moving average price is $15.63 and its 200-day moving average price is $15.66. The firm has a market cap of $833.05 million, a PE ratio of 8.60 and a beta of 1.13.

SLR Investment (NASDAQ:SLRC) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. SLR Investment had a net margin of 42.99% and a return on equity of 9.65%. The firm had revenue of $58.98 million during the quarter, compared to analysts’ expectations of $58.23 million. During the same period in the previous year, the business posted $0.42 EPS. Research analysts forecast that SLR Investment will post 1.75 EPS for the current year.

SLR Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 10.74%. The ex-dividend date is Friday, September 13th. SLR Investment’s dividend payout ratio (DPR) is currently 92.13%.

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.