SLR Investment Corp. (NASDAQ:SLRC) Receives Consensus Rating of “Hold” from Brokerages

Shares of SLR Investment Corp. (NASDAQ:SLRC) have been assigned a consensus rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $16.1071.

SLRC has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of SLR Investment from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Wednesday, October 1st. Wells Fargo & Company restated an “underweight” rating and set a $13.00 price target (up from $12.00) on shares of SLR Investment in a research report on Tuesday, August 12th. Wall Street Zen lowered shares of SLR Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of SLR Investment in a report on Tuesday, October 14th.

Insider Buying and Selling at SLR Investment

In other news, Director Andrea Colvin Roberts bought 7,190 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was bought at an average cost of $16.73 per share, for a total transaction of $120,288.70. Following the completion of the acquisition, the director owned 7,190 shares in the company, valued at approximately $120,288.70. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 8.80% of the company’s stock.

Institutional Trading of SLR Investment

Institutional investors have recently modified their holdings of the company. N.E.W. Advisory Services LLC purchased a new stake in shares of SLR Investment during the first quarter worth about $31,000. CWM LLC lifted its holdings in SLR Investment by 215.6% in the third quarter. CWM LLC now owns 2,367 shares of the financial services provider’s stock worth $36,000 after buying an additional 1,617 shares during the period. State of Alaska Department of Revenue purchased a new stake in SLR Investment in the third quarter worth about $38,000. Global Retirement Partners LLC purchased a new stake in SLR Investment in the third quarter worth about $65,000. Finally, Allworth Financial LP purchased a new stake in SLR Investment in the second quarter worth about $121,000. 35.32% of the stock is currently owned by hedge funds and other institutional investors.

SLR Investment Stock Performance

SLRC opened at $15.48 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.08 and a quick ratio of 1.08. SLR Investment has a 52 week low of $13.64 and a 52 week high of $17.94. The business’s fifty day simple moving average is $15.58 and its 200 day simple moving average is $15.96.

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

SLR Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date was Friday, September 12th. SLR Investment’s dividend payout ratio is currently 101.23%.

About SLR Investment

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.