Zacks Research upgraded shares of SLR Investment (NASDAQ:SLRC – Free Report) from a strong sell rating to a hold rating in a research report released on Tuesday,Zacks.com reports.
Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of SLR Investment from $13.50 to $12.00 and set an “underweight” rating for the company in a report on Thursday, July 2nd. Weiss Ratings downgraded shares of SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Wall Street Zen lowered shares of SLR Investment from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Wells Fargo & Company reduced their price objective on shares of SLR Investment from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.10.
View Our Latest Analysis on SLR Investment
SLR Investment Trading Down 0.9%
SLR Investment (NASDAQ:SLRC – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. SLR Investment had a return on equity of 7.96% and a net margin of 35.20%.The company had revenue of $20.50 million during the quarter, compared to analysts’ expectations of $48.82 million. On average, sell-side analysts predict that SLR Investment will post 1.31 EPS for the current year.
SLR Investment Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 9.7%. The ex-dividend date is Friday, September 11th. SLR Investment’s dividend payout ratio is currently 91.85%.
Institutional Investors Weigh In On SLR Investment
Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of SLR Investment by 1.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,357,679 shares of the financial services provider’s stock worth $20,990,000 after buying an additional 15,264 shares during the period. UBS Group AG increased its stake in shares of SLR Investment by 15.5% during the fourth quarter. UBS Group AG now owns 577,728 shares of the financial services provider’s stock valued at $8,932,000 after buying an additional 77,705 shares during the period. Franklin Resources Inc. increased its stake in shares of SLR Investment by 8.0% during the fourth quarter. Franklin Resources Inc. now owns 449,290 shares of the financial services provider’s stock valued at $6,946,000 after buying an additional 33,185 shares during the period. Two Sigma Investments LP raised its holdings in shares of SLR Investment by 25.4% in the third quarter. Two Sigma Investments LP now owns 380,119 shares of the financial services provider’s stock valued at $5,812,000 after acquiring an additional 76,931 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in SLR Investment by 18.5% in the fourth quarter. Legal & General Group Plc now owns 379,906 shares of the financial services provider’s stock worth $5,873,000 after acquiring an additional 59,194 shares during the period. 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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