SLR Investment Corp. (NASDAQ:SLRC – Get Free Report) has been assigned an average rating of “Reduce” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $14.40.
Several analysts have issued reports on SLRC shares. Zacks Research downgraded SLR Investment from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Wall Street Zen downgraded SLR Investment from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Wells Fargo & Company dropped their price target on SLR Investment from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. Compass Point raised SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price target on the stock in a research note on Tuesday, March 10th. Finally, Keefe, Bruyette & Woods lowered their target price on SLR Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a research report on Monday, March 30th.
Read Our Latest Research Report on SLRC
SLR Investment Stock Performance
SLR Investment (NASDAQ:SLRC – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). SLR Investment had a net margin of 41.81% and a return on equity of 8.33%. The firm had revenue of $47.14 million during the quarter, compared to analyst estimates of $54.01 million. Equities analysts expect that SLR Investment will post 1.33 EPS for the current fiscal year.
SLR Investment Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.5%. SLR Investment’s payout ratio is currently 100.00%.
Insider Activity
In related news, insider Michael S. Gross bought 10,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average price of $13.09 per share, with a total value of $130,900.00. Following the completion of the transaction, the insider owned 4,035,153 shares in the company, valued at $52,820,152.77. The trade was a 0.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders bought a total of 45,452 shares of company stock valued at $623,933 over the last 90 days. 8.80% of the stock is currently owned by insiders.
Institutional Trading of SLR Investment
Hedge funds and other institutional investors have recently modified their holdings of the stock. Kelleher Financial Advisors acquired a new stake in shares of SLR Investment in the fourth quarter valued at about $26,000. BNP Paribas Financial Markets increased its position in shares of SLR Investment by 1,389.8% in the third quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,640 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of SLR Investment in the fourth quarter valued at about $42,000. Russell Investments Group Ltd. acquired a new stake in shares of SLR Investment in the third quarter valued at about $48,000. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in shares of SLR Investment in the fourth quarter valued at about $59,000. 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.
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