Brokerages hope that SLR Investment Corp. (NASDAQ:SLRC – Get Rating) will report $36.95 million in profits for the current fiscal quarter, Zacks studies. Two analysts have issued estimates for SLR Investment’s earnings. The least expensive sales estimate is $36.64 million and the maximum is $37.25 million. SLR Investment claimed sales of $35.89 million during the exact quarter past year, which would propose a constructive year-above-year advancement price of 3%. The company is anticipated to announce its following quarterly earnings report just after the current market closes on Monday, January 1st.
On typical, analysts anticipate that SLR Financial commitment will report whole year product sales of $170.76 million for the present yr, with estimates ranging from $153.58 million to $187.93 million. For the subsequent fiscal calendar year, analysts be expecting that the business will put up gross sales of $190.16 million, with estimates ranging from $159.66 million to $220.66 million. Zacks’ revenue averages are an regular based mostly on a survey of analysts that observe SLR Financial investment.
SLR Expense (NASDAQ:SLRC – Get Ranking) last posted its quarterly earnings knowledge on Tuesday, March 1st. The economic products and services supplier noted $.35 earnings for every share for the quarter, lacking the Thomson Reuters’ consensus estimate of $.38 by ($.03). The company experienced profits of $35.73 million for the quarter, in contrast to analyst estimates of $37.17 million. SLR Expenditure experienced a return on fairness of 7.15% and a internet margin of 42.74%. Through the exact same quarter last yr, the organization earned $.35 earnings for every share.
A variety of analysts lately issued experiences on the inventory. Zacks Financial commitment Study downgraded shares of SLR Expense from a “hold” ranking to a “sell” rating in a report on Saturday, March 5th. StockNews.com commenced coverage on shares of SLR Financial commitment in a investigation notice on Thursday, March 31st. They issued a “sell” ranking for the organization. Wells Fargo & Firm reduced their price aim on shares of SLR Expenditure from $18.25 to $17.25 and established an “equal weight” score for the firm in a research take note on Thursday, March 3rd. Last but not least, TheStreet decreased shares of SLR Financial commitment from a “b-” score to a “c” score in a exploration report on Wednesday, March 9th. Two analysts have rated the inventory with a market score, two have provided a hold score and one particular has assigned a invest in ranking to the stock. According to MarketBeat, the company presently has an regular rating of “Hold” and an typical target price tag of $19.56.
Institutional investors and hedge cash have not too long ago bought and marketed shares of the organization. Wiley BROS. Aintree Money LLC bought a new situation in shares of SLR Investment decision in the 1st quarter worth around $336,000. City State Financial institution purchased a new place in shares of SLR Investment in the 4th quarter well worth roughly $60,000. BlackRock Inc. lifted its stake in shares of SLR Financial investment by 8.9% in the 4th quarter. BlackRock Inc. now owns 300,968 shares of the money products and services provider’s stock really worth $5,547,000 just after acquiring an additional 24,482 shares in the course of the time period. Chicago Associates Investment Team LLC enhanced its holdings in SLR Financial investment by 5.2% in the 4th quarter. Chicago Associates Financial commitment Team LLC now owns 45,083 shares of the money expert services provider’s inventory well worth $811,000 following acquiring an added 2,226 shares in the final quarter. Finally, HB Prosperity Administration LLC bought a new stake in SLR Expense in the 4th quarter well worth close to $2,068,000. Institutional investors and hedge resources possess 47.31% of the company’s stock.
Shares of SLR Investment inventory traded down $.07 for the duration of trading several hours on Friday, achieving $17.86. The company’s stock had a buying and selling quantity of 218,544 shares, as opposed to its common quantity of 189,503. The business has a personal debt-to-equity ratio of .96, a rapid ratio of .95 and a latest ratio of .95. The stock’s fifty working day uncomplicated going ordinary is $18.00 and its two-hundred working day very simple moving regular is $18.65. SLR Financial commitment has a 1 year lower of $17.32 and a one particular 12 months superior of $20.05. The enterprise has a market place capitalization of $754.76 million, a P/E ratio of 12.67 and a beta of 1.16.
The organization also just lately declared a month to month dividend, which will be paid on Tuesday, Could 3rd. Shareholders of report on Thursday, April 21st will be paid out a dividend of $.137 per share. This signifies a $1.64 annualized dividend and a generate of 9.20%. The ex-dividend day is Wednesday, April 20th. SLR Investment’s dividend payout ratio is at present 116.31%.
About SLR Investment (Get Ranking)
SLR Financial investment Corp. is a organization growth business specializing in secured personal debt (1st lien unitranche and 2nd lien), subordinated (unsecured) debt, minority fairness, leveraged buyouts, acquisitions, recapitalizations, basic refinancing, development money and strategic earnings-oriented regulate fairness investments in leveraged middle current market corporations.
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