SLR Investment (NASDAQ:SLRC) Rating Increased to Buy at Compass Point

Compass Point upgraded shares of SLR Investment (NASDAQ:SLRC) from a neutral rating to a buy rating in a research report sent to investors on Tuesday morning, Marketbeat.com reports. Compass Point currently has $16.50 price target on the financial services provider’s stock.

Several other brokerages have also commented on SLRC. Raymond James Financial set a $16.00 price target on SLR Investment and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Wells Fargo & Company cut their price objective on shares of SLR Investment from $13.00 to $12.00 and set an “underweight” rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of SLR Investment in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of SLR Investment from $17.00 to $16.50 and set a “market perform” rating on the stock in a research report on Tuesday, November 18th. One equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.64.

SLR Investment Price Performance

Shares of NASDAQ SLRC opened at $14.72 on Tuesday. 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 company’s fifty day moving average is $15.06 and its two-hundred day moving average is $15.36. SLR Investment has a one year low of $13.64 and a one year high of $17.80. The firm has a market capitalization of $803.12 million, a P/E ratio of 8.66 and a beta of 0.69.

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

SLR Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors 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 annualized dividend and a yield of 11.1%. SLR Investment’s dividend payout ratio (DPR) is currently 96.47%.

Institutional Investors Weigh In On SLR Investment

A number of institutional investors and hedge funds have recently bought and sold shares of SLRC. Virtu Financial LLC bought a new position in shares of SLR Investment during the 4th quarter valued at about $205,000. Sunbelt Securities Inc. lifted its stake in SLR Investment by 10.1% during the fourth quarter. Sunbelt Securities Inc. now owns 114,137 shares of the financial services provider’s stock valued at $1,765,000 after purchasing an additional 10,496 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in SLR Investment by 5.6% during the fourth quarter. Mackenzie Financial Corp now owns 38,894 shares of the financial services provider’s stock worth $600,000 after buying an additional 2,074 shares in the last quarter. VARCOV Co. bought a new stake in SLR Investment during the fourth quarter worth approximately $395,000. Finally, Intrepid Family Office LLC increased its holdings in shares of SLR Investment by 6.0% in the fourth quarter. Intrepid Family Office LLC now owns 265,000 shares of the financial services provider’s stock valued at $4,097,000 after buying an additional 15,000 shares in the last quarter. 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.