SLR Investment Corp. (NASDAQ:SLRC) Sees Significant Drop in Short Interest

SLR Investment Corp. (NASDAQ:SLRC) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 181,900 shares, a decline of 20.4% from the October 31st total of 228,600 shares. Based on an average daily volume of 159,100 shares, the short-interest ratio is presently 1.1 days.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lifted their price target on shares of SLR Investment from $12.50 to $13.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.25.

Institutional Investors Weigh In On SLR Investment

A number of institutional investors have recently modified their holdings of SLRC. International Assets Investment Management LLC bought a new position in shares of SLR Investment during the second quarter valued at approximately $35,000. EverSource Wealth Advisors LLC acquired a new position in SLR Investment during the 2nd quarter valued at approximately $47,000. Quantbot Technologies LP bought a new position in SLR Investment during the 3rd quarter worth $90,000. Creative Planning acquired a new stake in SLR Investment in the third quarter worth $170,000. Finally, MQS Management LLC bought a new stake in SLR Investment in the third quarter valued at $197,000. Institutional investors own 35.32% of the company’s stock.

SLR Investment Stock Up 0.8 %

Shares of SLRC traded up $0.14 during midday trading on Friday, hitting $16.75. The company had a trading volume of 111,060 shares, compared to its average volume of 159,112. 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 has a 52 week low of $14.41 and a 52 week high of $16.83. The company’s 50 day moving average price is $15.56 and its 200 day moving average price is $15.75. The stock has a market cap of $913.80 million, a price-to-earnings ratio of 9.46 and a beta of 1.12.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $59.77 million during the quarter, compared to analyst estimates of $58.48 million. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. During the same period in the previous year, the company earned $0.42 earnings per share. On average, equities research analysts predict that SLR Investment will post 1.76 EPS for the current year.

SLR Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 9.79%. The ex-dividend date is Friday, December 13th. SLR Investment’s dividend payout ratio (DPR) is presently 92.66%.

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.