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| Grab This Bargain 11.5% Yielder Even Cheaper Than Director Hochberg DidBy Dividend Channel Staff, Wednesday, November 16, 10:34 AM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 11, Slr Investment Corp's Director, Steven Hochberg, invested $106,461.58 into 7,400 shares of SLRC, for a cost per share of $14.39. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Wednesday, bargain hunters could buy shares of Slr Investment Corp (NASDAQ:SLRC) and achieve a cost basis 1.7% cheaper than Hochberg, with shares changing hands as low as $14.14 per share. Slr Investment Corp shares are currently trading up about 1.1% on the day. The chart below shows the one year performance of SLRC shares, versus its 200 day moving average:
Looking at the chart above, SLRC's low point in its 52 week range is $12.08 per share, with $19.60 as the 52 week high point — that compares with a last trade of $14.22. By comparison, below is a table showing the prices at which SLRC insider buying was recorded over the last six months:
The current annualized dividend paid by Slr Investment Corp is $1.640004/share, currently paid in monthly installments, and its most recent dividend ex-date was on 11/16/2022. Below is a long-term dividend history chart for SLRC, which can be of good help in judging whether the most recent dividend with approx. 11.5% annualized yield is likely to continue.
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