SLR Investment Corp. (NASDAQ:SLRC) Receives $14.40 Average Target Price from Analysts

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

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their target price on SLR Investment from $16.50 to $15.00 and set a “market perform” rating for the company in a report on Monday, March 30th. Weiss Ratings reissued a “hold (c)” rating on shares of SLR Investment in a research report on Friday, June 12th. JPMorgan Chase & Co. decreased their price objective on SLR Investment from $13.50 to $12.00 and set an “underweight” rating for the company in a research note on Thursday. Wells Fargo & Company dropped their price objective on SLR Investment from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Finally, Compass Point raised shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price objective on the stock in a research report on Tuesday, March 10th.

SLR Investment Stock Performance

SLRC stock opened at $12.36 on Monday. SLR Investment has a twelve month low of $12.13 and a twelve month high of $16.83. The firm has a market cap of $674.36 million, a price-to-earnings ratio of 7.54 and a beta of 0.64. The business’s fifty day simple moving average is $13.25 and its two-hundred day simple moving average is $14.38. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

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

SLR Investment Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, June 12th. This represents a $1.24 dividend on an annualized basis and a yield of 10.0%. SLR Investment’s dividend payout ratio is presently 75.61%.

Insider Activity

In other news, insider Michael S. Gross acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average cost of $13.09 per share, with a total value of $130,900.00. Following the completion of the acquisition, the insider owned 4,035,153 shares of the company’s stock, valued at approximately $52,820,152.77. This trade represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 8.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

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.