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

SLR Investment (NASDAQ:SLRC) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate 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 Down 0.1 %

NASDAQ SLRC opened at $17.49 on Wednesday. SLR Investment has a twelve month low of $14.41 and a twelve month 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 firm has a 50-day simple moving average of $16.73 and a 200 day simple moving average of $16.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lifted their price target on SLR Investment from $12.50 to $13.00 and gave the stock an “underweight” rating in a research 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 MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.