SLR Investment (NASDAQ:SLRC) Posts Earnings Results, Beats Expectations By $0.01 EPS

SLR Investment (NASDAQ:SLRC) issued its earnings results on Tuesday. The financial services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01, Zacks reports. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%.

SLR Investment Trading Down 0.1 %

SLR Investment stock traded down $0.02 during trading hours on Tuesday, reaching $17.49. The stock had a trading volume of 212,508 shares, compared to its average volume of 152,241. The company has a fifty day simple moving average of $16.70 and a 200-day simple moving average of $16.03. SLR Investment has a 52 week low of $14.41 and a 52 week high of $17.85. The stock has a market cap of $954.25 million, a PE ratio of 9.88 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06.

Analyst Ratings Changes

Separately, Wells Fargo & Company lifted 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 investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat, SLR Investment currently has a consensus rating of “Hold” and a consensus 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.