SLR Investment Corp. (NASDAQ:SLRC) Receives $15.65 Consensus Price Target from Analysts

SLR Investment Corp. (NASDAQ:SLRC) has received a consensus recommendation of “Reduce” from the five brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $15.65.

Several research firms have recently issued reports on SLRC. JPMorgan Chase & Co. dropped their price target on shares of SLR Investment from $16.50 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, April 24th. Keefe, Bruyette & Woods increased their target price on shares of SLR Investment from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Tuesday, March 4th. Wells Fargo & Company dropped their price target on shares of SLR Investment from $13.00 to $12.00 and set an “underweight” rating on the stock in a research report on Monday, April 28th. Finally, Compass Point lifted their target price on shares of SLR Investment from $16.50 to $17.25 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th.

Institutional Trading of SLR Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC acquired a new position in shares of SLR Investment during the first quarter worth approximately $286,000. MQS Management LLC acquired a new position in SLR Investment during the first quarter worth $570,000. Pekin Hardy Strauss Inc. grew its holdings in shares of SLR Investment by 6.7% during the first quarter. Pekin Hardy Strauss Inc. now owns 98,535 shares of the financial services provider’s stock valued at $1,661,000 after buying an additional 6,200 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in shares of SLR Investment during the first quarter worth about $293,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of SLR Investment by 23.0% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 176,213 shares of the financial services provider’s stock worth $2,971,000 after acquiring an additional 32,971 shares in the last quarter. 35.32% of the stock is owned by institutional investors.

SLR Investment Stock Performance

Shares of SLR Investment stock opened at $15.65 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. SLR Investment has a fifty-two week low of $13.64 and a fifty-two week high of $17.94. The firm has a market capitalization of $853.86 million, a P/E ratio of 8.84 and a beta of 0.90. The company’s 50 day moving average price is $16.25 and its two-hundred day moving average price is $16.36.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $55.58 million for the quarter, compared to analysts’ expectations of $57.08 million. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. On average, equities analysts forecast that SLR Investment will post 1.76 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 10.48%. The ex-dividend date of this dividend was Friday, March 14th. SLR Investment’s dividend payout ratio (DPR) is currently 93.71%.

SLR Investment Company Profile

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.