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

Shares of SLR Investment Corp. (NASDAQ:SLRC – Get Rating) have earned a consensus rating of “Hold” from the eight research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $18.40.

Several analysts have recently commented on the stock. TheStreet downgraded shares of SLR Investment from a “b-” rating to a “c” rating in a report on Wednesday, March 9th. Zacks Investment Research lowered shares of SLR Investment from a “hold” rating to a “sell” rating in a report on Saturday, March 5th. StockNews.com raised shares of SLR Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, May 11th. Maxim Group initiated coverage on shares of SLR Investment in a report on Monday, April 25th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Hovde Group cut their target price on shares of SLR Investment to $16.00 in a report on Friday, May 20th.

A number of institutional investors have recently made changes to their positions in SLRC. AllSquare Wealth Management LLC acquired a new stake in shares of SLR Investment during the 1st quarter worth approximately $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in SLR Investment in the 1st quarter valued at $29,000. Allworth Financial LP bought a new position in SLR Investment in the 1st quarter valued at $30,000. City State Bank bought a new position in SLR Investment in the 4th quarter valued at $60,000. Finally, Russell Investments Group Ltd. bought a new position in SLR Investment in the 4th quarter valued at $174,000.

NASDAQ SLRC traded up $0.02 on Friday, reaching $15.45. The company had a trading volume of 3,850 shares, compared to its average volume of 228,283. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $846.24 million, a PE ratio of 16.54 and a beta of 1.14. The firm’s 50 day moving average price is $16.91 and its 200 day moving average price is $17.98. SLR Investment has a 12 month low of $14.52 and a 12 month high of $20.05.

SLR Investment (NASDAQ:SLRC – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The financial services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). SLR Investment had a return on equity of 7.11% and a net margin of 28.96%. The firm had revenue of $33.01 million for the quarter, compared to analysts’ expectations of $36.95 million. On average, research analysts expect that SLR Investment will post 1.43 EPS for the current year.

The company also recently announced a monthly dividend, which will be paid on Thursday, June 2nd. Investors of record on Thursday, May 19th will be paid a dividend of $0.137 per share. The ex-dividend date of this dividend is Wednesday, May 18th. This represents a $1.64 annualized dividend and a yield of 10.64%. SLR Investment’s dividend payout ratio is currently 174.47%.

SLR Investment Company Profile (Get Rating)

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.

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