SLR Investment’s (SLRC) Buy (B-) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their buy (b-) rating on shares of SLR Investment (NASDAQ:SLRC) in a report issued on Tuesday morning,Weiss Ratings reports.

A number of other brokerages have also recently commented on SLRC. Wall Street Zen cut SLR Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. JPMorgan Chase & Co. dropped their price objective on SLR Investment from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Wednesday, October 1st. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $13.00 price objective (up previously from $12.00) on shares of SLR Investment in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $16.11.

SLR Investment Trading Down 3.1%

Shares of SLRC opened at $13.96 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.08 and a current ratio of 1.08. The business has a 50-day simple moving average of $15.85 and a two-hundred day simple moving average of $15.99. SLR Investment has a 52 week low of $13.64 and a 52 week high of $17.94.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The company had revenue of $53.91 million during the quarter, compared to analysts’ expectations of $53.38 million. SLR Investment had a return on equity of 9.26% and a net margin of 39.93%. As a group, analysts predict that SLR Investment will post 1.76 earnings per share for the current year.

SLR Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.64 dividend on an annualized basis and a yield of 11.7%. SLR Investment’s dividend payout ratio is presently 101.23%.

Insider Buying and Selling

In other news, Director Andrea Colvin Roberts purchased 7,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average cost of $16.73 per share, with a total value of $120,288.70. Following the completion of the purchase, the director owned 7,190 shares in the company, valued at approximately $120,288.70. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.80% of the company’s stock.

Hedge Funds Weigh In On SLR Investment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC boosted its stake in SLR Investment by 215.6% during 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. Inspire Investing LLC boosted its stake in SLR Investment by 22.8% during the third quarter. Inspire Investing LLC now owns 29,550 shares of the financial services provider’s stock valued at $452,000 after buying an additional 5,480 shares during the last quarter. Brevan Howard Capital Management LP bought a new position in SLR Investment during the second quarter valued at approximately $193,000. Ameriprise Financial Inc. boosted its stake in SLR Investment by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 102,604 shares of the financial services provider’s stock valued at $1,652,000 after buying an additional 1,692 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in SLR Investment during the second quarter valued at approximately $746,000. 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.