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

SLR Investment Corp. (NASDAQ:SLRC) saw a significant decline in short interest during the month of 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 trading volume, of 159,100 shares, the short-interest ratio is presently 1.1 days.

SLR Investment Price Performance

Shares of NASDAQ:SLRC traded up $0.14 during trading on Friday, reaching $16.75. The company had a trading volume of 111,060 shares, compared to its average volume of 159,112. SLR Investment has a twelve month low of $14.41 and a twelve month high of $16.83. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $913.80 million, a PE ratio of 9.46 and a beta of 1.12. The firm’s fifty day moving average is $15.56 and its 200 day moving average is $15.75.

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

SLR Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.41 per share. The ex-dividend date is Friday, December 13th. This represents a $1.64 annualized dividend and a yield of 9.79%. SLR Investment’s dividend payout ratio is currently 92.66%.

Institutional Investors Weigh In On SLR Investment

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. raised its holdings in shares of SLR Investment by 12.9% in the 3rd 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 in the last quarter. Jane Street Group LLC grew its position in SLR Investment by 15.0% in the third quarter. Jane Street Group LLC now owns 15,541 shares of the financial services provider’s stock worth $234,000 after buying an additional 2,022 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of SLR Investment in the third quarter valued at $210,000. Quantbot Technologies LP acquired a new stake in shares of SLR Investment during the 3rd quarter valued at $90,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of SLR Investment during the 3rd quarter worth $353,000. 35.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.