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

SLR Investment (NASDAQ:SLRC) released its quarterly earnings data 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 return on equity of 9.73% and a net margin of 40.89%.

SLR Investment Stock Performance

Shares of NASDAQ:SLRC traded down $0.02 during midday trading on Tuesday, hitting $17.49. The company’s stock had a trading volume of 212,509 shares, compared to its average volume of 152,722. 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 stock’s 50 day simple moving average is $16.70 and its 200 day simple moving average is $16.03. The stock has a market capitalization of $954.25 million, a price-to-earnings ratio of 9.88 and a beta of 1.14. SLR Investment has a fifty-two week low of $14.41 and a fifty-two week high of $17.85.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company increased their target price on shares of SLR Investment from $12.50 to $13.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently 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.