SLR Investment Corp. (NASDAQ:SLRC) Receives $14.10 Consensus Target Price from Brokerages

SLR Investment Corp. (NASDAQ:SLRC) has been assigned a consensus rating of “Reduce” from the seven research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $14.10.

Several research analysts recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of SLR Investment from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, May 7th. Zacks Research downgraded shares of SLR Investment from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. cut their price target on shares of SLR Investment from $13.50 to $12.00 and set an “underweight” rating on the stock in a report on Thursday, July 2nd. Weiss Ratings downgraded SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, Wall Street Zen lowered SLR Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 9th.

Insider Transactions at SLR Investment

In other SLR Investment news, insider Michael S. Gross purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average cost of $13.09 per share, for a total transaction of $130,900.00. Following the completion of the purchase, the insider owned 4,035,153 shares in the company, valued at $52,820,152.77. This represents a 0.25% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SLR Investment

Several hedge funds have recently modified their holdings of the stock. Kelleher Financial Advisors purchased a new position in shares of SLR Investment in the 4th quarter valued at approximately $26,000. BNP Paribas Financial Markets grew its position in SLR Investment by 1,389.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,640 shares during the last quarter. International Assets Investment Management LLC acquired a new position in SLR Investment during the 4th quarter valued at approximately $42,000. Russell Investments Group Ltd. acquired a new position in SLR Investment during the 3rd quarter valued at approximately $48,000. Finally, Greykasell Wealth Strategies Inc. purchased a new position in shares of SLR Investment in the fourth quarter worth $59,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

SLR Investment Trading Down 1.2%

SLRC opened at $12.76 on Friday. The firm has a market cap of $696.19 million, a price-to-earnings ratio of 7.78 and a beta of 0.64. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.15. SLR Investment has a 12 month low of $12.13 and a 12 month high of $16.83. The stock has a fifty day moving average price of $12.80 and a 200-day moving average price of $14.05.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The company had revenue of $47.14 million for 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%. As a group, equities research analysts anticipate that SLR Investment will post 1.32 earnings per share for the current fiscal year.

SLR Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend was Friday, June 12th. SLR Investment’s dividend payout ratio is currently 75.61%.

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.