SLR Investment Corp. (NASDAQ:SLRC) Receives $14.10 Consensus PT from Analysts

SLR Investment Corp. (NASDAQ:SLRC) has been given an average rating of “Reduce” by the seven ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $14.10.

A number of research firms recently issued reports on SLRC. JPMorgan Chase & Co. decreased their price objective on shares of SLR Investment from $13.50 to $12.00 and set an “underweight” rating for the company in a report on Thursday, July 2nd. Wells Fargo & Company dropped their target price on shares of SLR Investment from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of SLR Investment in a research report on Friday, June 12th. Zacks Research lowered shares of SLR Investment from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Finally, Wall Street Zen cut shares of SLR Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 9th.

SLR Investment Price Performance

Shares of NASDAQ:SLRC opened at $12.94 on Friday. The company has a market capitalization of $706.01 million, a PE ratio of 7.89 and a beta of 0.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 1.04. The business has a fifty day moving average price of $12.82 and a two-hundred day moving average price of $14.12. SLR Investment has a 1 year low of $12.13 and a 1 year high of $16.83.

SLR Investment (NASDAQ:SLRC) last released its earnings results on Tuesday, May 5th. The financial services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The business had revenue of $47.14 million for the quarter, compared to the consensus estimate of $54.01 million. SLR Investment had a return on equity of 8.33% and a net margin of 41.81%. Analysts forecast that SLR Investment will post 1.33 earnings per share for the current year.

SLR Investment Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a $0.31 dividend. The ex-dividend date was Friday, June 12th. This represents a $1.24 annualized dividend and a dividend yield of 9.6%. SLR Investment’s payout ratio is presently 75.61%.

Insider Activity at SLR Investment

In other news, insider Michael S. Gross purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average price of $13.09 per share, with a total value of $130,900.00. Following the transaction, the insider directly owned 4,035,153 shares of the company’s stock, valued at approximately $52,820,152.77. This represents a 0.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SLR Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Inspire Investing LLC lifted its holdings in SLR Investment by 2.3% during the fourth quarter. Inspire Investing LLC now owns 30,238 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 688 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of SLR Investment by 2.3% in the fourth quarter. Chicago Partners Investment Group LLC now owns 31,299 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 700 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of SLR Investment by 4.3% in the third quarter. Envestnet Asset Management Inc. now owns 19,902 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 824 shares in the last quarter. NewEdge Wealth LLC raised its position in shares of SLR Investment by 0.9% in the fourth quarter. NewEdge Wealth LLC now owns 96,455 shares of the financial services provider’s stock valued at $1,491,000 after purchasing an additional 881 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in shares of SLR Investment by 0.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 157,089 shares of the financial services provider’s stock valued at $2,429,000 after purchasing an additional 997 shares during the period. 35.32% of the stock is currently owned by institutional investors.

About SLR Investment

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.