SLR Investment (NASDAQ:SLRC) Receives “Buy (B-)” Rating from Weiss Ratings

Weiss Ratings reiterated their buy (b-) rating on shares of SLR Investment (NASDAQ:SLRC) in a report released on Tuesday,Weiss Ratings reports.

A number of other research analysts also recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on SLR Investment from $16.00 to $15.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. Wall Street Zen lowered SLR Investment from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $13.00 price objective (up from $12.00) on shares of SLR Investment in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.11.

SLR Investment Stock Up 1.2%

Shares of NASDAQ:SLRC opened at $14.49 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.08 and a quick ratio of 1.08. The business’s 50-day moving average is $15.94 and its 200-day moving average is $16.02. SLR Investment has a 1 year low of $13.64 and a 1 year high of $17.94.

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

SLR Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a $0.41 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.64 annualized dividend and a dividend yield of 11.3%. SLR Investment’s dividend payout ratio is currently 101.23%.

Insider Activity

In other SLR Investment news, Director Andrea Colvin Roberts bought 7,190 shares of SLR Investment stock in a transaction dated Tuesday, September 9th. The stock was bought at an average cost of $16.73 per share, with a total value 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. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SLR Investment

Several institutional investors and hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. grew its holdings in 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 purchasing an additional 331,260 shares during the period. Epiq Partners LLC grew its holdings in SLR Investment by 7.4% during the second 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. Condor Capital Management grew its holdings in SLR Investment by 2.8% during the second quarter. Condor Capital Management now owns 341,820 shares of the financial services provider’s stock valued at $5,517,000 after purchasing an additional 9,156 shares during the period. Raymond James Financial Inc. lifted its position in shares of SLR Investment by 3.0% during the second quarter. Raymond James Financial Inc. now owns 326,952 shares of the financial services provider’s stock worth $5,277,000 after acquiring an additional 9,627 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of SLR Investment by 17.8% during the second quarter. Sei Investments Co. now owns 306,107 shares of the financial services provider’s stock worth $4,941,000 after acquiring an additional 46,230 shares in the last quarter. 35.32% of the stock is owned by institutional investors.

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.