SLR Investment (NASDAQ:SLRC) Cut to Hold at B. Riley Financial

B. Riley Financial downgraded shares of SLR Investment (NASDAQ:SLRC) from a strong-buy rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Weiss Ratings downgraded SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Wall Street Zen downgraded shares of SLR Investment from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Zacks Research raised SLR Investment from a “strong sell” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. cut their target price on shares of SLR Investment from $13.50 to $12.00 and set an “underweight” rating on the stock in a research report on Thursday, July 2nd. Finally, Wells Fargo & Company reduced their price target 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. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $14.10.

SLR Investment Stock Performance

NASDAQ:SLRC opened at $13.04 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.17. The stock has a market cap of $711.46 million, a P/E ratio of 9.66 and a beta of 0.64. The stock has a 50 day simple moving average of $12.77 and a 200 day simple moving average of $13.88. SLR Investment has a 1-year low of $12.13 and a 1-year high of $16.83.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33. SLR Investment had a net margin of 35.20% and a return on equity of 7.96%. The company had revenue of $20.50 million during the quarter, compared to analysts’ expectations of $48.82 million. Research analysts anticipate that SLR Investment will post 1.31 earnings per share for the current year.

SLR Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend is Friday, September 11th. SLR Investment’s payout ratio is presently 91.85%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Closed End Fund Advisors Inc. bought a new position in shares of SLR Investment in the fourth quarter valued at approximately $4,033,000. UBS Group AG lifted its stake in SLR Investment by 15.5% during the 4th quarter. UBS Group AG now owns 577,728 shares of the financial services provider’s stock valued at $8,932,000 after acquiring an additional 77,705 shares in the last quarter. Altrafin AG bought a new position in SLR Investment during the 4th quarter valued at $786,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in SLR Investment by 14.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 377,269 shares of the financial services provider’s stock worth $5,833,000 after acquiring an additional 47,231 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in SLR Investment by 18.5% during the 4th quarter. Legal & General Group Plc now owns 379,906 shares of the financial services provider’s stock worth $5,873,000 after acquiring an additional 59,194 shares during the last quarter. 35.32% of the stock is owned by institutional investors.

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.