SLR Investment Corp. (NASDAQ:SLRC) Given Consensus Recommendation of “Hold” by Analysts

SLR Investment Corp. (NASDAQ:SLRC) has been given an average rating of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $15.96.

SLRC has been the topic of several analyst reports. Compass Point boosted their target price on SLR Investment from $16.50 to $17.25 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Raymond James Financial dropped their target price on SLR Investment from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. Keefe, Bruyette & Woods boosted their target price on SLR Investment from $16.00 to $17.00 and gave the stock a “market perform” rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their target price on SLR Investment from $16.50 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, April 24th. Finally, B. Riley initiated coverage on SLR Investment in a report on Tuesday, May 13th. They issued a “buy” rating and a $17.00 target price on the stock.

SLR Investment Stock Down 0.1%

NASDAQ SLRC opened at $16.21 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.05 and a current ratio of 1.05. SLR Investment has a twelve month low of $13.64 and a twelve month high of $17.94. The stock’s 50 day moving average is $16.05 and its 200 day moving average is $16.49.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. SLR Investment had a return on equity of 9.53% and a net margin of 38.60%. The company had revenue of $53.18 million for the quarter, compared to analyst estimates of $53.43 million. On average, equities analysts predict that SLR Investment will post 1.76 earnings per share for the current fiscal year.

SLR Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.12%. The ex-dividend date is Friday, June 13th. SLR Investment’s payout ratio is currently 101.86%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SLRC. N.E.W. Advisory Services LLC bought a new position in shares of SLR Investment during the first quarter valued at $31,000. Tower Research Capital LLC TRC increased its position in SLR Investment by 1,642.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,398 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 3,203 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in SLR Investment during the fourth quarter valued at $58,000. Westend Capital Management LLC increased its position in SLR Investment by 9.4% during the first quarter. Westend Capital Management LLC now owns 8,099 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 693 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in SLR Investment during the fourth quarter valued at $191,000. 35.32% of the stock is owned by institutional investors.

About SLR Investment

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.