SLR Senior Investment Corp. (NASDAQ:SUNS) declared a monthly dividend on Wednesday, April 7th, Wall Street Journal reports. Stockholders of record on Wednesday, April 21st will be paid a dividend of 0.10 per share by the asset manager on Friday, April 30th. This represents a $1.20 annualized dividend and a dividend yield of 7.76%. The ex-dividend date is Tuesday, April 20th.
SLR Senior Investment has a dividend payout ratio of 94.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect SLR Senior Investment to earn $1.20 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 100.0%.
Shares of NASDAQ SUNS opened at $15.47 on Thursday. The stock has a market cap of $248.28 million, a PE ratio of 19.10 and a beta of 1.38. SLR Senior Investment has a fifty-two week low of $10.95 and a fifty-two week high of $15.70. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a fifty day moving average of $15.10 and a 200-day moving average of $14.39.
Several research firms recently commented on SUNS. Oppenheimer restated a “buy” rating and set a $16.00 target price on shares of SLR Senior Investment in a research report on Friday, February 26th. TheStreet raised SLR Senior Investment from a “c” rating to a “b-” rating in a research note on Wednesday, February 3rd. Maxim Group reaffirmed a “buy” rating and set a $19.00 price target on shares of SLR Senior Investment in a research note on Friday, January 29th. LADENBURG THALM/SH SH reissued a “neutral” rating on shares of SLR Senior Investment in a research note on Thursday, March 4th. Finally, Zacks Investment Research lowered SLR Senior Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, January 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.00.
In other SLR Senior Investment news, insider Michael S. Gross purchased 8,457 shares of the stock in a transaction on Monday, March 1st. The stock was acquired at an average price of $15.36 per share, with a total value of $129,899.52. Following the transaction, the insider now directly owns 243,087 shares of the company’s stock, valued at approximately $3,733,816.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.70% of the company’s stock.
About SLR Senior Investment
Solar Senior Capital Ltd. is a business development company specializing in investments in leveraged, middle-market companies in the United States. The fund invests in the form of senior secured loans, including first lien, unitranche, and second lien debt instruments. It does not invest in start-up companies or companies having speculative business plans.
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