SLR Investment Corp. (NASDAQ:SLRC – Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as $12.96 and last traded at $13.00, with a volume of 443478 shares traded. The stock had previously closed at $13.12.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on SLRC. JPMorgan Chase & Co. lowered their target price on shares of SLR Investment from $14.00 to $13.50 and set an “underweight” rating on the stock in a report on Thursday, May 7th. Keefe, Bruyette & Woods lowered their target price on shares of SLR Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a report on Monday, March 30th. Wells Fargo & Company lowered their target price on shares of SLR Investment from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Thursday, May 7th. Wall Street Zen lowered shares of SLR Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Zacks Research lowered shares of SLR Investment from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $14.40.
View Our Latest Report on SLR Investment
SLR Investment Stock Performance
SLR Investment (NASDAQ:SLRC – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $47.14 million during the quarter, compared to analysts’ expectations of $54.01 million. SLR Investment had a net margin of 41.81% and a return on equity of 8.33%. Analysts expect that SLR Investment Corp. will post 1.33 earnings per share for the current year.
SLR Investment Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a $0.31 dividend. The ex-dividend date is Friday, June 12th. This represents a $1.24 annualized dividend and a yield of 9.4%. SLR Investment’s dividend payout ratio (DPR) is 100.00%.
Insider Buying and Selling
In other news, insider Michael S. Gross acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $13.09 per share, for a total transaction of $130,900.00. Following the purchase, the insider owned 4,035,153 shares in the company, valued at approximately $52,820,152.77. This represents a 0.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have bought 45,452 shares of company stock valued at $623,933. Company insiders own 8.80% of the company’s stock.
Institutional Investors Weigh In On SLR Investment
Several large investors have recently modified their holdings of SLRC. Kelleher Financial Advisors purchased a new stake in shares of SLR Investment during the 4th quarter worth approximately $26,000. BNP Paribas Financial Markets increased its stake in shares of SLR Investment by 1,389.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,640 shares during the last quarter. CWM LLC increased its stake in shares of SLR Investment by 215.6% during the 3rd quarter. CWM LLC now owns 2,367 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 1,617 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of SLR Investment during the 3rd quarter worth approximately $38,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of SLR Investment during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors 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.
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