SLR Investment Corp. (NASDAQ:SLRC) Receives $16.25 Consensus PT from Brokerages

SLR Investment Corp. (NASDAQ:SLRC) has been given an average recommendation of “Hold” by the seven ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $16.25.

SLRC has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on SLR Investment from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Thursday, August 7th. Wells Fargo & Company reissued an “underweight” rating and issued a $13.00 target price (up from $12.00) on shares of SLR Investment in a research report on Tuesday, August 12th.

SLR Investment Stock Down 1.1%

Shares of NASDAQ:SLRC opened at $15.27 on Friday. SLR Investment has a 1 year low of $13.64 and a 1 year high of $17.94. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.18. The business has a fifty day simple moving average of $16.26 and a 200 day simple moving average of $16.19.

SLR Investment (NASDAQ:SLRC) last issued its earnings results on Tuesday, August 5th. The financial services provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). SLR Investment had a net margin of 39.93% and a return on equity of 9.26%. The firm had revenue of $53.91 million during the quarter, compared to analysts’ expectations of $53.38 million. On average, equities research analysts expect that SLR Investment will post 1.76 EPS for the current fiscal year.

SLR Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a $0.41 dividend. The ex-dividend date was Friday, September 12th. This represents a $1.64 dividend on an annualized basis and a yield of 10.7%. SLR Investment’s dividend payout ratio is currently 101.23%.

Insider Buying and Selling

In related news, Director Andrea Colvin Roberts bought 7,190 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were bought at an average cost of $16.73 per share, for a total transaction of $120,288.70. Following the completion of the acquisition, the director directly owned 7,190 shares in the company, valued at approximately $120,288.70. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. N.E.W. Advisory Services LLC acquired a new stake in SLR Investment in the 1st quarter worth approximately $31,000. BNP Paribas Financial Markets acquired a new stake in shares of SLR Investment in the fourth quarter worth $58,000. Allworth Financial LP bought a new stake in shares of SLR Investment during the 2nd quarter worth $121,000. Westend Capital Management LLC boosted its holdings in shares of SLR Investment by 9.4% during the 1st quarter. Westend Capital Management LLC now owns 8,099 shares of the financial services provider’s stock worth $137,000 after buying an additional 693 shares during the period. Finally, PharVision Advisers LLC acquired a new position in SLR Investment in the 2nd quarter valued at $176,000. 35.32% of the stock is owned by institutional investors.

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.