Brokerages Set SLR Investment Corp. (NASDAQ:SLRC) PT at $15.07

SLR Investment Corp. (NASDAQ:SLRC) has been assigned a consensus rating of “Reduce” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $14.40.

SLRC has been the subject of a number of research reports. Wells Fargo & Company decreased 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. Zacks Research lowered shares of SLR Investment from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Raymond James Financial set a $16.00 price objective on shares of SLR Investment and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Compass Point raised shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 target price on the stock in a report on Tuesday, March 10th. Finally, JPMorgan Chase & Co. decreased their target price on SLR Investment from $14.00 to $13.50 and set an “underweight” rating for the company in a research note on Thursday, May 7th.

Insider Buying and Selling

In related news, insider Michael S. Gross bought 25,000 shares of the company’s stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $13.91 per share, with a total value of $347,750.00. Following the completion of the transaction, the insider directly owned 4,014,701 shares of the company’s stock, valued at approximately $55,844,490.91. This represents a 0.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders acquired 45,452 shares of company stock worth $623,933. 8.80% of the stock is owned by corporate insiders.

Institutional Trading of SLR Investment

A number of large investors have recently modified their holdings of SLRC. Kelleher Financial Advisors acquired a new position in SLR Investment during the 4th quarter valued at 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 purchasing an additional 1,640 shares during the period. CWM LLC raised its holdings in shares of SLR Investment by 215.6% during the third quarter. CWM LLC now owns 2,367 shares of the financial services provider’s stock valued at $36,000 after buying an additional 1,617 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of SLR Investment during the third quarter worth approximately $38,000. Finally, International Assets Investment Management LLC acquired a new position in shares of SLR Investment during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

SLR Investment Trading Down 0.5%

Shares of NASDAQ SLRC opened at $12.93 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The stock’s 50 day moving average price is $14.66 and its two-hundred day moving average price is $15.09. SLR Investment has a 52-week low of $12.82 and a 52-week high of $17.19. The stock has a market capitalization of $705.46 million, a P/E ratio of 7.88 and a beta of 0.71.

SLR Investment (NASDAQ:SLRC) last issued 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 analyst estimates of $54.01 million. SLR Investment had a return on equity of 8.33% and a net margin of 41.81%. On average, analysts anticipate that SLR Investment will post 1.33 earnings per share for the current fiscal year.

SLR Investment Cuts Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 9.6%. SLR Investment’s payout ratio is currently 100.00%.

About SLR Investment

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.