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

SLR Investment Corp. (NASDAQ:SLRC) has earned an average rating of “Hold” from the eight analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $15.2857.

A number of brokerages recently commented on SLRC. Wall Street Zen raised shares of SLR Investment from a “sell” rating to a “hold” rating in a research note on Sunday, April 12th. Wells Fargo & Company lowered 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 Tuesday, March 3rd. Keefe, Bruyette & Woods lowered their price objective on shares of SLR Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a research note on Monday, March 30th. JPMorgan Chase & Co. cut their target price on shares of SLR Investment from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Friday, March 13th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of SLR Investment in a research note on Monday, December 29th.

SLR Investment Price Performance

Shares of NASDAQ SLRC opened at $16.13 on Wednesday. The stock has a market cap of $880.05 million, a price-to-earnings ratio of 9.49 and a beta of 0.69. SLR Investment has a 52 week low of $13.78 and a 52 week high of $17.19. The company’s 50-day moving average price is $14.73 and its 200 day moving average price is $15.06. 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 (NASDAQ:SLRC) last issued its quarterly earnings data on Tuesday, February 24th. The financial services provider reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $54.46 million for the quarter, compared to analysts’ expectations of $54.97 million. SLR Investment had a net margin of 42.34% and a return on equity of 8.76%. As a group, research analysts forecast that SLR Investment will post 1.76 earnings per share for the current fiscal year.

SLR Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.64 annualized dividend and a yield of 10.2%. SLR Investment’s payout ratio is presently 96.47%.

Insiders Place Their Bets

In other news, insider Michael S. Gross bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $13.91 per share, with a total value of $347,750.00. Following the purchase, the insider owned 4,014,701 shares of the company’s stock, valued at $55,844,490.91. This trade represents a 0.63% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SLRC. Chicago Partners Investment Group LLC grew its holdings in SLR Investment by 2.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 30,599 shares of the financial services provider’s stock valued at $474,000 after buying an additional 672 shares during the period. Inspire Investing LLC grew its holdings in SLR Investment by 2.3% in the 4th quarter. Inspire Investing LLC now owns 30,238 shares of the financial services provider’s stock valued at $467,000 after buying an additional 688 shares during the period. Envestnet Asset Management Inc. grew its holdings in SLR Investment by 4.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 19,902 shares of the financial services provider’s stock valued at $304,000 after buying an additional 824 shares during the period. NewEdge Wealth LLC grew its holdings in SLR Investment by 0.9% in the 4th quarter. NewEdge Wealth LLC now owns 96,455 shares of the financial services provider’s stock valued at $1,491,000 after buying an additional 881 shares during the period. Finally, Flagship Harbor Advisors LLC grew its holdings in SLR Investment by 4.9% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 19,677 shares of the financial services provider’s stock valued at $301,000 after buying an additional 915 shares during the period. Institutional investors and hedge funds own 35.32% of the company’s stock.

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.