Grab This Bargain 11.5% Yielder Even Cheaper Than Director Hochberg Did

By Dividend Channel Staff, Wednesday, November 16, 10:34 AM ET

Start slideshow:
10 Dividend Bargains You Can Buy Cheaper Than Insiders Did »

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:

Slr Investment Corp Chart

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:

Purchased	Insider	Title	Shares	Price/Share	Value
11/10/2022	Steven Hochberg	Director	6,858	$13.97	$95,840.55
11/11/2022	Steven Hochberg	Director	7,400	$14.39	$106,461.58

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.

Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter

This Article's Word Cloud: Arial Back Bargain Bargains Below Channel Cheaper Corp Director Dividend Hochberg Insider Insiders Investment Looking Newsletter November Offer Premium Price SLRC Steven about annualized below buying chart cost currently dividend escape fillColor hunters insider last most only paid point reason recent share shares stock that their trading week which with

Grab This Bargain 11.5% Yielder Even Cheaper Than Director Hochberg Did

Grab This Bargain 11.5% Yielder Even Cheaper Than Director Hochberg Did | www.DividendChannel.com