SLR Investment (NASDAQ:SLRC) Price Target Cut to $16.50 by Analysts at Keefe, Bruyette & Woods

SLR Investment (NASDAQ:SLRC) had its price objective decreased by Keefe, Bruyette & Woods from $17.00 to $16.50 in a report released on Tuesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

Several other equities research analysts also recently issued reports on SLRC. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SLR Investment in a research report on Tuesday, October 14th. JPMorgan Chase & Co. lowered their target price on SLR Investment from $16.00 to $15.00 and set an “underweight” rating on the stock in a report on Wednesday, October 1st. Wall Street Zen upgraded SLR Investment from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $13.00 price objective (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, three have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.04.

SLR Investment Stock Up 0.3%

Shares of SLR Investment stock opened at $14.98 on Tuesday. SLR Investment has a 12-month low of $13.64 and a 12-month high of $17.94. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.18. The stock has a 50 day moving average price of $15.21 and a two-hundred day moving average price of $15.96. The stock has a market capitalization of $817.31 million, a P/E ratio of 9.25 and a beta of 0.73.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings data on Tuesday, November 4th. 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 $56.99 million during the quarter, compared to analyst estimates of $56.33 million. Equities analysts expect that SLR Investment will post 1.76 earnings per share for the current year.

SLR Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, December 12th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date is Friday, December 12th. SLR Investment’s dividend payout ratio is presently 99.39%.

Insiders Place Their Bets

In other SLR Investment news, Director Andrea Colvin Roberts purchased 7,190 shares of the stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of $16.73 per share, with a total value of $120,288.70. Following the acquisition, the director directly owned 7,190 shares of the company’s stock, valued at $120,288.70. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SLR Investment

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of SLR Investment by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,342,415 shares of the financial services provider’s stock worth $20,526,000 after buying an additional 11,052 shares during the period. Van ECK Associates Corp boosted its stake in shares of SLR Investment by 6.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,195,136 shares of the financial services provider’s stock valued at $18,274,000 after purchasing an additional 74,983 shares in the last quarter. UBS Group AG grew its holdings in shares of SLR Investment by 22.4% in the 3rd quarter. UBS Group AG now owns 500,023 shares of the financial services provider’s stock worth $7,645,000 after purchasing an additional 91,622 shares during the last quarter. Franklin Resources Inc. increased its position in shares of SLR Investment by 17.3% during the 3rd quarter. Franklin Resources Inc. now owns 416,105 shares of the financial services provider’s stock worth $6,362,000 after purchasing an additional 61,404 shares in the last quarter. Finally, Epiq Partners LLC lifted its holdings in SLR Investment by 11.6% during the 3rd quarter. Epiq Partners LLC now owns 392,790 shares of the financial services provider’s stock valued at $6,006,000 after purchasing an additional 40,830 shares during the last quarter. 35.32% of the stock is owned by institutional investors and hedge funds.

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.