SLR Investment (NASDAQ:SLRC) Now Covered by B. Riley

B. Riley initiated coverage on shares of SLR Investment (NASDAQ:SLRC) in a research report report published on Tuesday. The firm issued a buy rating and a $17.00 price target on the financial services provider’s stock.

Several other analysts also recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of SLR Investment from $16.50 to $15.00 and set an “underweight” rating for the company in a report on Thursday, April 24th. Raymond James reduced their price target on shares of SLR Investment from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. Wells Fargo & Company reduced their price target on shares of SLR Investment from $13.00 to $12.00 and set an “underweight” rating for the company in a research report on Monday, April 28th. Keefe, Bruyette & Woods increased their price target on shares of SLR Investment from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Tuesday, March 4th. Finally, LADENBURG THALM/SH SH upgraded shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price target for the company in a research report on Monday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.96.

SLR Investment Stock Performance

Shares of SLRC stock opened at $16.36 on Tuesday. The firm has a 50-day moving average of $16.01 and a 200-day moving average of $16.38. The company has a market cap of $892.60 million, a P/E ratio of 9.24 and a beta of 0.75. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. SLR Investment has a one year low of $13.64 and a one year high of $17.94.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $53.18 million during the quarter, compared to the consensus estimate of $53.43 million. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. Equities research analysts forecast 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 will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.64 dividend on an annualized basis and a yield of 10.02%. SLR Investment’s dividend payout ratio is presently 101.86%.

Hedge Funds Weigh In On SLR Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SLRC. Hennion & Walsh Asset Management Inc. boosted its position in SLR Investment by 36.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 155,666 shares of the financial services provider’s stock worth $2,516,000 after purchasing an additional 41,773 shares during the period. Empirical Asset Management LLC bought a new position in SLR Investment during the fourth quarter worth about $3,895,000. Westend Capital Management LLC boosted its position in SLR Investment by 71.3% during the fourth quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 3,082 shares during the period. HB Wealth Management LLC bought a new position in SLR Investment during the fourth quarter worth about $243,000. Finally, Kelleher Financial Advisors boosted its position in SLR Investment by 8.6% during the fourth quarter. Kelleher Financial Advisors now owns 15,914 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 1,254 shares during the period. Institutional investors own 35.32% of the company’s stock.

SLR Investment Company Profile

SLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies.