SLR Investment (NASDAQ:SLRC) Price Target Lowered to $12.00 at Wells Fargo & Company

SLR Investment (NASDAQ:SLRC) had its target price lowered by Wells Fargo & Company from $13.00 to $12.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an underweight rating on the financial services provider’s stock.

Other analysts have also issued research reports about the company. Raymond James Financial set a $16.00 price objective on SLR Investment and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Keefe, Bruyette & Woods reduced their target price on shares of SLR Investment from $17.00 to $16.50 and set a “market perform” rating on the stock in a report on Tuesday, November 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SLR Investment in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of SLR Investment from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SLR Investment has a consensus rating of “Hold” and a consensus target price of $15.75.

SLR Investment Stock Up 0.5%

Shares of SLR Investment stock opened at $14.81 on Tuesday. SLR Investment has a 1 year low of $13.64 and a 1 year high of $17.94. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.04 and a current ratio of 1.04. The business has a 50 day moving average price of $15.13 and a 200 day moving average price of $15.43.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Tuesday, February 24th. The financial services provider reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. SLR Investment had a return on equity of 8.76% and a net margin of 42.34%.The firm had revenue of $54.46 million for the quarter, compared to analysts’ expectations of $54.97 million. On average, equities research analysts anticipate that SLR Investment will post 1.76 earnings per share for the current year.

SLR Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 11.1%. SLR Investment’s dividend payout ratio is currently 96.47%.

Institutional Investors Weigh In On SLR Investment

Several hedge funds have recently modified their holdings of SLRC. Kelleher Financial Advisors acquired a new position in SLR Investment during the fourth quarter worth approximately $26,000. BNP Paribas Financial Markets boosted its holdings in shares of SLR Investment by 1,389.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,640 shares during the last quarter. CWM LLC grew its stake in shares of SLR Investment by 215.6% during the 3rd quarter. CWM LLC now owns 2,367 shares of the financial services provider’s stock valued at $36,000 after buying an additional 1,617 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of SLR Investment during the 3rd quarter worth $38,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of SLR Investment during the 4th quarter worth $42,000. 35.32% of the stock is owned by institutional investors and hedge funds.

SLR Investment Company Profile

SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.

SLR Investment Corp.