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

SLR Investment Corp. (NASDAQ:SLRC) has received an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $15.96.

A number of equities analysts have recently commented on SLRC shares. JPMorgan Chase & Co. dropped their price objective on SLR Investment from $16.50 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, April 24th. B. Riley started coverage on SLR Investment in a research note on Tuesday, May 13th. They issued a “buy” rating and a $17.00 price objective on the stock. Raymond James Financial dropped their price objective on SLR Investment from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Friday, May 9th. Wells Fargo & Company dropped their price objective on SLR Investment from $13.00 to $12.00 and set an “underweight” rating on the stock in a research note on Monday, April 28th. Finally, LADENBURG THALM/SH SH upgraded SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price target on the stock in a research note on Monday, May 12th.

Institutional Investors Weigh In On SLR Investment

Several large investors have recently modified their holdings of the stock. Epiq Partners LLC grew its stake in shares of SLR Investment by 7.4% in the 2nd quarter. Epiq Partners LLC now owns 351,960 shares of the financial services provider’s stock valued at $5,681,000 after purchasing an additional 24,400 shares during the period. Triumph Capital Management grew its stake in shares of SLR Investment by 3.6% in the 2nd quarter. Triumph Capital Management now owns 38,242 shares of the financial services provider’s stock valued at $617,000 after purchasing an additional 1,335 shares during the period. Acadian Asset Management LLC grew its stake in shares of SLR Investment by 173.3% in the 1st quarter. Acadian Asset Management LLC now owns 16,702 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 10,591 shares during the period. NewEdge Advisors LLC grew its stake in shares of SLR Investment by 159.1% in the 1st quarter. NewEdge Advisors LLC now owns 90,037 shares of the financial services provider’s stock valued at $1,518,000 after purchasing an additional 55,284 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of SLR Investment by 13.0% in the 1st quarter. Advisors Asset Management Inc. now owns 108,779 shares of the financial services provider’s stock valued at $1,834,000 after purchasing an additional 12,535 shares during the period. 35.32% of the stock is currently owned by institutional investors.

SLR Investment Trading Up 0.4%

Shares of NASDAQ:SLRC opened at $16.42 on Monday. SLR Investment has a fifty-two week low of $13.64 and a fifty-two week high of $17.94. The business has a 50-day moving average of $16.34 and a two-hundred day moving average of $16.46. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.05.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $53.18 million for the quarter, compared to analyst estimates of $53.43 million. SLR Investment had a return on equity of 9.53% and a net margin of 38.60%. On average, research analysts anticipate that SLR Investment will post 1.76 EPS for the current year.

SLR Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.41 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.64 annualized dividend and a dividend yield of 9.99%. SLR Investment’s dividend payout ratio is currently 101.86%.

About SLR Investment

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.