Analysts Set SLR Investment Corp. (NASDAQ:SLRC) Price Target at $15.07

SLR Investment Corp. (NASDAQ:SLRC) has received an average recommendation of “Reduce” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $14.40.

A number of brokerages have issued reports on SLRC. Zacks Research cut shares of SLR Investment from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Keefe, Bruyette & Woods lowered their target price on shares of SLR Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a report on Monday, March 30th. Raymond James Financial set a $16.00 target price on shares of SLR Investment and gave the company an “outperform” rating in a report on Wednesday, February 25th. Wells Fargo & Company lowered their target price on shares of SLR Investment from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Thursday, May 7th. Finally, Wall Street Zen cut shares of SLR Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 9th.

SLR Investment Price Performance

SLR Investment stock opened at $13.23 on Friday. The business’s 50 day simple moving average is $14.63 and its 200 day simple moving average is $15.07. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.15. SLR Investment has a 12 month low of $12.82 and a 12 month high of $17.19. The company has a market cap of $721.83 million, a price-to-earnings ratio of 8.07 and a beta of 0.71.

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

SLR Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.24 dividend on an annualized basis and a yield of 9.4%. SLR Investment’s payout ratio is presently 100.00%.

Insider Transactions at SLR Investment

In other SLR Investment news, insider Michael S. Gross bought 10,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were acquired at an average price of $13.09 per share, with a total value of $130,900.00. Following the acquisition, the insider directly owned 4,035,153 shares of the company’s stock, valued at $52,820,152.77. The trade was a 0.25% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have acquired 45,452 shares of company stock worth $623,933. Insiders own 8.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SLRC. Kelleher Financial Advisors bought a new position in shares of SLR Investment in the fourth quarter worth $26,000. BNP Paribas Financial Markets increased its holdings in shares of SLR Investment by 1,389.8% in the third quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,640 shares during the period. CWM LLC increased its holdings in shares of SLR Investment by 215.6% in the third quarter. CWM LLC now owns 2,367 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 1,617 shares during the period. State of Alaska Department of Revenue bought a new position in shares of SLR Investment in the third quarter worth $38,000. Finally, International Assets Investment Management LLC bought a new position in shares of SLR Investment in the fourth quarter worth $42,000. Institutional investors 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.