Shares of SLR Investment Corp. (NASDAQ:SLRC – Get Free Report) have been given a consensus rating of “Hold” by the eight analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $14.10.
A number of brokerages recently commented on SLRC. Zacks Research raised SLR Investment from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. B. Riley Financial lowered SLR Investment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of SLR Investment from a “sell” rating to a “hold” rating in a research note on Saturday, September 26th. JPMorgan Chase & Co. lowered their target price on shares of SLR Investment from $13.50 to $12.00 and set an “underweight” rating on the stock in a research note on Thursday, July 2nd. Finally, Weiss Ratings downgraded SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th.
Get Our Latest Analysis on SLRC
Insider Activity at SLR Investment
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in SLRC. Sound Income Strategies LLC increased its stake in shares of SLR Investment by 7,441.0% in the 3rd quarter. Sound Income Strategies LLC now owns 1,629,154 shares of the financial services provider’s stock worth $18,735,000 after acquiring an additional 1,607,550 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of SLR Investment during the 2nd quarter valued at about $5,516,000. Clear Harbor Asset Management LLC purchased a new stake in SLR Investment during the 2nd quarter valued at $4,205,000. Van ECK Associates Corp grew its stake in shares of SLR Investment by 24.8% during the 2nd quarter. Van ECK Associates Corp now owns 1,104,114 shares of the financial services provider’s stock valued at $13,658,000 after purchasing an additional 219,110 shares during the period. Finally, BlackRock Inc. bought a new position in SLR Investment in the second quarter worth approximately $2,513,000. 35.32% of the stock is currently owned by institutional investors.
SLR Investment Trading Up 0.2%
NASDAQ:SLRC opened at $11.43 on Wednesday. The company has a market cap of $623.62 million, a PE ratio of 8.47 and a beta of 0.69. SLR Investment has a one year low of $11.23 and a one year high of $16.36. The firm has a 50-day moving average of $12.25 and a 200-day moving average of $13.10. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 1.09.
SLR Investment (NASDAQ:SLRC – Get Free Report) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. The company had revenue of $20.50 million for the quarter, compared to analyst estimates of $48.82 million. SLR Investment had a return on equity of 7.96% and a net margin of 35.20%. As a group, equities research analysts expect that SLR Investment will post 1.31 EPS for the current fiscal year.
SLR Investment Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were given a $0.31 dividend. The ex-dividend date was Friday, September 11th. This represents a $1.24 annualized dividend and a yield of 10.8%. SLR Investment’s payout ratio is presently 91.85%.
About SLR Investment
SLR Investment Corp. (NASDAQ: SLRC) is a closed-end business development company that provides financing to middle-market companies. The company primarily invests in privately held businesses through senior secured loans, including first-lien and unitranche loans, and may also make subordinated debt and equity investments.
SLR Investment focuses on companies with established operations across a range of industries. Its investment strategy is designed to provide businesses with capital for acquisitions, recapitalizations, growth initiatives, refinancings and other general corporate purposes.
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