SLR Investment Corp. (NASDAQ:SLRC) Receives $16.04 Consensus Target Price from Analysts

SLR Investment Corp. (NASDAQ:SLRC) has been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $16.0357.

SLRC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of SLR Investment from $17.00 to $16.50 and set a “market perform” rating on the stock in a report on Tuesday, November 18th. Wall Street Zen upgraded SLR Investment from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SLR Investment in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. decreased their target price on SLR Investment from $16.00 to $15.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 1st.

SLR Investment Stock Performance

NASDAQ SLRC opened at $15.10 on Monday. The stock has a market capitalization of $823.86 million, a price-to-earnings ratio of 9.15 and a beta of 0.70. The stock has a 50-day moving average of $15.51 and a 200 day moving average of $15.76. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.15. SLR Investment has a twelve month low of $13.64 and a twelve month high of $17.94.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). SLR Investment had a net margin of 41.00% and a return on equity of 8.98%. The business had revenue of $56.99 million during the quarter, compared to analysts’ expectations of $56.33 million. Sell-side analysts anticipate that SLR Investment will post 1.76 EPS for the current fiscal year.

SLR Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend was Friday, December 12th. SLR Investment’s payout ratio is 99.39%.

Hedge Funds Weigh In On SLR Investment

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its holdings in SLR Investment by 1,389.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,640 shares during the last quarter. CWM LLC increased its holdings in shares of SLR Investment by 215.6% in the third quarter. CWM LLC now owns 2,367 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,617 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in SLR Investment during the third quarter worth approximately $38,000. Russell Investments Group Ltd. acquired a new position in SLR Investment during the third quarter worth $48,000. Finally, Global Retirement Partners LLC purchased a new stake in SLR Investment in the 3rd quarter valued at $65,000. 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.