SLR Investment (NASDAQ:SLRC) Now Covered by B. Riley

B. Riley started coverage on shares of SLR Investment (NASDAQ:SLRC) in a research report sent to investors on Tuesday morning. The brokerage issued a buy rating and a $17.00 target price on the financial services provider’s stock.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company reduced their price objective on shares of SLR Investment from $13.00 to $12.00 and set an “underweight” rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. reduced their price objective on shares of SLR Investment from $16.50 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, April 24th. Raymond James reduced their price objective on shares of SLR Investment from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Friday, May 9th. Keefe, Bruyette & Woods upped their price objective on shares of SLR Investment from $16.00 to $17.00 and gave the company a “market perform” rating in a research note on Tuesday, March 4th. Finally, Compass Point upped their price objective on shares of SLR Investment from $16.50 to $17.25 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.96.

SLR Investment Trading Up 1.4%

SLRC opened at $16.36 on Tuesday. SLR Investment has a fifty-two week low of $13.64 and a fifty-two week high of $17.94. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $892.60 million, a price-to-earnings ratio of 9.24 and a beta of 0.75. The company’s 50 day moving average price is $16.01 and its two-hundred day moving average price is $16.38.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. The company had revenue of $53.18 million for the quarter, compared to analyst estimates of $53.43 million. As a group, research analysts predict that SLR Investment will post 1.76 earnings per share for the current year.

SLR Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 10.02%. The ex-dividend date of this dividend is Friday, June 13th. SLR Investment’s dividend payout ratio is presently 101.86%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp boosted its stake in SLR Investment by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 1,044,152 shares of the financial services provider’s stock worth $16,874,000 after acquiring an additional 44,861 shares in the last quarter. Empirical Asset Management LLC acquired a new position in SLR Investment during the fourth quarter worth $3,895,000. Invesco Ltd. raised its holdings in SLR Investment by 13.6% during the fourth quarter. Invesco Ltd. now owns 43,171 shares of the financial services provider’s stock worth $698,000 after buying an additional 5,167 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in SLR Investment during the fourth quarter worth $1,902,000. Finally, Raymond James Financial Inc. acquired a new position in SLR Investment during the fourth quarter worth $4,565,000. 35.32% of the stock is owned by institutional investors.

SLR Investment Company Profile

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.