SLR Investment (NASDAQ:SLRC) Price Target Lowered to $15.00 at Keefe, Bruyette & Woods

SLR Investment (NASDAQ:SLRC) had its price target trimmed by Keefe, Bruyette & Woods from $16.50 to $15.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

SLRC has been the topic of a number of other reports. Raymond James Financial set a $16.00 target price on SLR Investment and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Compass Point upgraded SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price target for the company in a research report on Tuesday, March 10th. Wells Fargo & Company cut their price target on SLR Investment from $13.00 to $12.00 and set an “underweight” rating for the company in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of SLR Investment in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of SLR Investment from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.29.

SLR Investment Price Performance

SLRC stock opened at $14.05 on Monday. The firm has a 50 day moving average of $14.72 and a 200-day moving average of $15.12. The company has a market cap of $766.57 million, a price-to-earnings ratio of 8.26 and a beta of 0.69. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.15. SLR Investment has a 12-month low of $13.64 and a 12-month high of $17.19.

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

SLR Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date of this dividend was Friday, March 13th. SLR Investment’s payout ratio is 96.47%.

Insider Activity

In related news, insider Michael S. Gross acquired 10,452 shares of SLR Investment stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of $13.90 per share, for a total transaction of $145,282.80. Following the completion of the transaction, the insider directly owned 4,025,153 shares of the company’s stock, valued at $55,949,626.70. The trade was a 0.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 8.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SLRC. Kelleher Financial Advisors acquired a new stake in shares of SLR Investment during the 4th quarter worth about $26,000. BNP Paribas Financial Markets grew its holdings in shares of SLR Investment by 1,389.8% during the third quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,640 shares in the last quarter. CWM LLC raised its position in shares of SLR Investment by 215.6% in the third 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 last quarter. State of Alaska Department of Revenue acquired a new position in shares of SLR Investment in the third quarter valued at approximately $38,000. Finally, International Assets Investment Management LLC purchased a new position in shares of SLR Investment during the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

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.