SLR Investment (NASDAQ:SLRC) Reaches New 1-Year Low – What’s Next?

Shares of SLR Investment Corp. (NASDAQ:SLRC) reached a new 52-week low during trading on Friday . The company traded as low as $12.82 and last traded at $12.8220, with a volume of 224165 shares traded. The stock had previously closed at $13.15.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SLRC. Compass Point raised shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 target price for the company in a research report on Tuesday, March 10th. Wells Fargo & Company cut their price objective on shares of SLR Investment from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, May 7th. Wall Street Zen cut shares of SLR Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. dropped their price target on shares of SLR Investment from $14.00 to $13.50 and set an “underweight” rating for the company in a research report on Thursday, May 7th. Finally, Keefe, Bruyette & Woods lowered their price objective on SLR Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a research note on Monday, March 30th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $14.40.

SLR Investment Price Performance

The business has a 50-day moving average of $14.30 and a two-hundred day moving average of $14.85. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.15. The firm has a market cap of $697.82 million, a P/E ratio of 7.80 and a beta of 0.64.

SLR Investment (NASDAQ:SLRC) last posted its earnings results on Tuesday, May 5th. The financial services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $47.14 million during the quarter, compared to the consensus estimate of $54.01 million. SLR Investment had a net margin of 41.81% and a return on equity of 8.33%. On average, sell-side analysts anticipate that SLR Investment Corp. will post 1.33 earnings per share for the current fiscal year.

SLR Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, June 12th. This represents a $1.24 annualized dividend and a yield of 9.7%. SLR Investment’s dividend payout ratio (DPR) is currently 100.00%.

Insider Transactions at SLR Investment

In other SLR Investment news, insider Michael S. Gross purchased 25,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $13.91 per share, for a total transaction of $347,750.00. Following the transaction, the insider owned 4,014,701 shares in the company, valued at $55,844,490.91. The trade was a 0.63% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have purchased 45,452 shares of company stock valued at $623,933. Corporate insiders own 8.80% of the company’s stock.

Institutional Trading of SLR Investment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kelleher Financial Advisors acquired a new position in SLR Investment during the 4th quarter worth about $26,000. BNP Paribas Financial Markets increased its stake in shares of SLR Investment by 1,389.8% in the third quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,640 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of SLR Investment in the fourth quarter valued at about $42,000. Russell Investments Group Ltd. bought a new position in shares of SLR Investment during the third quarter worth about $48,000. Finally, Greykasell Wealth Strategies Inc. bought a new position in shares of SLR Investment during the fourth quarter worth about $59,000. 35.32% of the stock is currently owned by institutional investors and hedge funds.

SLR Investment Company Profile

SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.

SLR Investment Corp.