Shares of SLR Investment Corp. (NASDAQ:SLRC – Get Free Report) have been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $14.10.
A number of research firms have issued reports on SLRC. Wall Street Zen raised SLR Investment from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Research upgraded SLR Investment from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. B. Riley Financial lowered shares of SLR Investment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of SLR Investment in a report on Monday, October 26th.
View Our Latest Stock Analysis on SLR Investment
SLR Investment Stock Down 1.4%
Shares of SLRC stock opened at $11.63 on Friday. The stock has a market cap of $634.53 million, a P/E ratio of 8.61 and a beta of 0.69. SLR Investment has a 52 week low of $10.96 and a 52 week high of $16.36. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.17. The company’s fifty day simple moving average is $11.87 and its two-hundred day simple moving average is $13.42.
SLR Investment (NASDAQ:SLRC – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. The company had revenue of $20.50 million during 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%. Analysts predict that SLR Investment will post 1.31 EPS for the current fiscal year.
SLR Investment Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date of this dividend was Friday, September 11th. SLR Investment’s dividend payout ratio (DPR) is presently 91.85%.
Insider Buying and Selling at SLR Investment
In other SLR Investment news, insider Michael Gross bought 20,000 shares of SLR Investment stock in a transaction dated Thursday, September 10th. The shares were purchased at an average cost of $12.35 per share, for a total transaction of $247,000.00. Following the acquisition, the insider directly owned 4,065,153 shares in the company, valued at approximately $50,204,639.55. This represents a 0.49% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 9.10% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in SLRC. Sound Income Strategies LLC increased its stake in SLR Investment by 7,441.0% during the third 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 during the last quarter. Legal & General Group Plc purchased a new stake in SLR Investment during the second quarter valued at approximately $5,516,000. Clear Harbor Asset Management LLC purchased a new stake in SLR Investment during the second quarter valued at approximately $4,205,000. Van ECK Associates Corp lifted its stake in shares of SLR Investment by 24.8% in 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 last quarter. Finally, BlackRock Inc. bought a new stake in shares of SLR Investment in the 2nd quarter valued at approximately $2,513,000. Institutional investors own 35.32% of the company’s stock.
SLR Investment Company Profile
SLR Investment Corp. (NASDAQ: SLRC) is a business development company that provides financing to middle-market companies, primarily in the United States. The company seeks to support businesses that may have limited access to traditional bank financing by investing in a range of debt and equity securities.
Its investment activities generally focus on senior secured loans, subordinated debt, mezzanine investments and equity interests. SLR Investment typically partners with private equity sponsors and company management teams, providing capital for acquisitions, recapitalizations, refinancing, growth initiatives and other corporate purposes.
Featured Stories
- Five stocks we like better than SLR Investment
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Receive News & Ratings for SLR Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLR Investment and related companies with MarketBeat.com's FREE daily email newsletter.
