In yesterday’s Wall Street session, SLR Investment Corp. (NASDAQ:SLRC) shares traded at $15.35, up 0.33% from the previous session.
SLRC stock price is now 1.48% away from the 50-day moving average and 2.43% away from the 200-day moving average. The market capitalization of the company currently stands at $837.41M.
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On July 28, 2023, B. Riley Securities recently initiated its ‘Neutral’ rating on the stock quoting a target price of $15, while ‘Compass Point’ rates the stock as ‘Neutral’
In other news, SPOHLER BRUCE J, insider bought 22,636 shares of the company’s stock on Mar 08 ’24. The stock was bought for $356,291 at an average price of $15.74. Upon completion of the transaction, the insider now directly owns 3,643,136 shares in the company, valued at $55.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08 ’24, GROSS MICHAEL S bought 22,636 shares of the business’s stock. A total of $356,291 was incurred on buying the stock at an average price of $15.74. This leaves the insider owning 3,804,860 shares of the company worth $58.4 million. A total of 2.68% of the company’s stock is owned by insiders.
During the past 12 months, SLR Investment Corp. has had a low of $13.48 and a high of $15.86. The fifty day moving average price for SLRC is $15.13 and a two-hundred day moving average price translates $14.99 for the stock.
The latest earnings results from SLR Investment Corp. (NASDAQ: SLRC) was released for Dec, 2023. According to the Asset Management Company, earnings per share came in at $0.44, beating analysts’ expectations of $0.43 by 0.01. This compares to $0.07 EPS in the same period last year. The company reported revenue of $59.79 million for the quarter, compared to $54.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.41 percent. For the current quarter, analysts expect SLRC to generate $58.51M in revenue.
