Shares of SLR Investment Corp. (NASDAQ:SLRC – Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $12.00 and last traded at $12.1670, with a volume of 4508 shares trading hands. The stock had previously closed at $12.32.
Wall Street Analysts Forecast Growth
SLRC has been the subject of several recent research reports. B. Riley Financial cut shares of SLR Investment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. lowered their target price on SLR Investment from $13.50 to $12.00 and set an “underweight” rating on the stock in a research note on Thursday, July 2nd. Weiss Ratings lowered SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Finally, Zacks Research raised SLR Investment from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.10.
Check Out Our Latest Analysis on SLRC
SLR Investment Stock Performance
SLR Investment (NASDAQ:SLRC – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. SLR Investment had a net margin of 35.20% and a return on equity of 7.96%. The company had revenue of $20.50 million for the quarter, compared to analyst estimates of $48.82 million. Analysts forecast that SLR Investment Corp. will post 1.31 earnings per share for the current fiscal 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. The ex-dividend date is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 10.3%. SLR Investment’s dividend payout ratio (DPR) is 91.85%.
Hedge Funds Weigh In On SLR Investment
Large investors have recently bought and sold shares of the business. Triad Investment Management grew its holdings in SLR Investment by 20.9% in the second quarter. Triad Investment Management now owns 152,053 shares of the financial services provider’s stock valued at $1,881,000 after purchasing an additional 26,239 shares during the period. Squarepoint Ops LLC acquired a new position in shares of SLR Investment during the 2nd quarter worth approximately $169,000. Triumph Capital Management lifted its position in shares of SLR Investment by 17.0% during the 2nd quarter. Triumph Capital Management now owns 54,814 shares of the financial services provider’s stock valued at $678,000 after buying an additional 7,946 shares in the last quarter. Rivernorth Capital Management LLC purchased a new position in shares of SLR Investment during the 2nd quarter valued at approximately $1,926,000. Finally, Wedbush Securities Inc. lifted its position in shares of SLR Investment by 8.2% during the 2nd quarter. Wedbush Securities Inc. now owns 58,539 shares of the financial services provider’s stock valued at $724,000 after buying an additional 4,419 shares in the last quarter. 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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