SLR Investment Corp. (NASDAQ:SLRC) Receives $14.10 Consensus PT from Analysts

SLR Investment Corp. (NASDAQ:SLRC) has received an average recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $14.10.

SLRC has been the subject of a number of recent research reports. Zacks Research raised shares of SLR Investment from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. B. Riley Financial downgraded shares of SLR Investment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. decreased their target price on shares of SLR Investment from $13.50 to $12.00 and set an “underweight” rating for the company in a research report on Thursday, July 2nd. Finally, Weiss Ratings lowered shares of SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th.

SLR Investment Stock Down 2.0%

SLR Investment stock opened at $12.00 on Friday. The business’s 50-day simple moving average is $12.72 and its two-hundred day simple moving average is $13.44. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $654.66 million, a PE ratio of 8.89 and a beta of 0.64. SLR Investment has a fifty-two week low of $11.97 and a fifty-two week high of $16.36.

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

SLR Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 10.3%. The ex-dividend date of this dividend is Friday, September 11th. SLR Investment’s payout ratio is 91.85%.

Insider Activity at SLR Investment

In related news, insider Michael Gross bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average cost of $12.35 per share, with a total value of $247,000.00. Following the completion of the acquisition, the insider directly owned 4,065,153 shares in the company, valued at approximately $50,204,639.55. The trade was a 0.49% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.80% of the stock is owned by insiders.

Hedge Funds Weigh In On SLR Investment

Several institutional investors have recently made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new stake in SLR Investment during the second quarter worth $28,000. International Assets Investment Management LLC purchased a new stake in shares of SLR Investment during the 4th quarter worth about $42,000. Greykasell Wealth Strategies Inc. acquired a new stake in shares of SLR Investment during the 4th quarter valued at about $59,000. Ascentis Independent Advisors purchased a new position in shares of SLR Investment in the 1st quarter valued at about $69,000. Finally, Rockefeller Capital Management L.P. raised its holdings in SLR Investment by 211.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 6,325 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 4,292 shares during the period. 35.32% of the stock is owned by hedge funds and other institutional investors.

SLR Investment Company Profile

SLR Investment Corp. (NASDAQ: SLRC) is a business development company that provides financing to middle-market companies, primarily in the United States. The company invests mainly in senior secured loans and other debt instruments, with a focus on businesses that may require flexible capital solutions to support acquisitions, growth, recapitalizations, refinancing, and other corporate initiatives.

SLR Investment may also make subordinated debt and equity investments, including investments alongside its lending activities.