SLR Investment (NASDAQ:SLRC) Price Target Lowered to $15.00 at JPMorgan Chase & Co.

SLR Investment (NASDAQ:SLRC) had its price target decreased by JPMorgan Chase & Co. from $16.00 to $15.00 in a report published on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the financial services provider’s stock.

Separately, Wells Fargo & Company reiterated an “underweight” rating and issued a $13.00 target price (up previously from $12.00) on shares of SLR Investment in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.11.

SLR Investment Price Performance

Shares of SLRC opened at $15.11 on Wednesday. The business has a fifty day moving average of $16.21 and a 200 day moving average of $16.18. SLR Investment has a 52-week low of $13.64 and a 52-week high of $17.94. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.08 and a current ratio of 1.08.

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

SLR Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a dividend of $0.41 per share. The ex-dividend date was Friday, September 12th. This represents a $1.64 annualized dividend and a dividend yield of 10.9%. SLR Investment’s dividend payout ratio (DPR) is currently 101.23%.

Insider Activity at SLR Investment

In other news, Director Andrea Colvin Roberts purchased 7,190 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average price of $16.73 per share, for a total transaction of $120,288.70. Following the completion of the purchase, the director owned 7,190 shares in the company, valued at approximately $120,288.70. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On SLR Investment

Several institutional investors have recently made changes to their positions in SLRC. Franklin Resources Inc. increased its stake in shares of SLR Investment by 1,413.2% during the second quarter. Franklin Resources Inc. now owns 354,701 shares of the financial services provider’s stock valued at $5,725,000 after buying an additional 331,260 shares during the period. Epiq Partners LLC boosted its position in SLR Investment by 405.8% during the first quarter. Epiq Partners LLC now owns 327,560 shares of the financial services provider’s stock valued at $5,523,000 after purchasing an additional 262,800 shares in the last quarter. Muzinich & Co. Inc. boosted its position in SLR Investment by 50.2% during the second quarter. Muzinich & Co. Inc. now owns 267,581 shares of the financial services provider’s stock valued at $4,319,000 after purchasing an additional 89,486 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in SLR Investment by 42.8% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 222,340 shares of the financial services provider’s stock valued at $3,749,000 after purchasing an additional 66,674 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in SLR Investment by 61.0% during the second quarter. Advisors Asset Management Inc. now owns 175,121 shares of the financial services provider’s stock valued at $2,826,000 after purchasing an additional 66,342 shares in the last quarter. Hedge funds and other institutional investors own 35.32% of the company’s stock.

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.