SLR Investment Corp. (NASDAQ:SLRC) Receives Average Rating of “Hold” from Brokerages

Shares of SLR Investment Corp. (NASDAQ:SLRC) have earned a consensus rating of “Hold” from the eight brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $16.0357.

SLRC has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SLR Investment in a research note on Monday, December 29th. Wall Street Zen raised shares of SLR Investment from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, 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 research note on Tuesday, November 18th.

SLR Investment Stock Down 1.5%

SLR Investment stock opened at $14.72 on Friday. SLR Investment has a fifty-two week low of $13.64 and a fifty-two week high of $17.94. The company’s 50-day moving average is $15.46 and its 200-day moving average is $15.61. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.07 and a current ratio of 1.07.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SLRC. NewEdge Wealth LLC boosted its stake in shares of SLR Investment by 0.9% during the fourth quarter. NewEdge Wealth LLC now owns 96,455 shares of the financial services provider’s stock valued at $1,491,000 after purchasing an additional 881 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in SLR Investment during the 4th quarter worth approximately $42,000. Garner Asset Management Corp boosted its position in SLR Investment by 27.0% during the 4th quarter. Garner Asset Management Corp now owns 97,511 shares of the financial services provider’s stock worth $1,508,000 after buying an additional 20,733 shares during the period. WJ Financial Advisors LLC bought a new stake in SLR Investment during the 4th quarter worth approximately $269,000. Finally, Samalin Investment Counsel LLC increased its position in SLR Investment by 11.8% in the 4th quarter. Samalin Investment Counsel LLC now owns 39,537 shares of the financial services provider’s stock valued at $611,000 after acquiring an additional 4,181 shares during the period. 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.