SLR Investment Corp. (NASDAQ:SLRC) Receives Consensus Rating of “Reduce” from Analysts

Shares of SLR Investment Corp. (NASDAQ:SLRC) have been assigned a consensus rating of “Reduce” from the five research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $15.85.

A number of research firms have commented on SLRC. Keefe, Bruyette & Woods increased their price target on shares of SLR Investment from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Tuesday, March 4th. Wells Fargo & Company boosted their target price on SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. Finally, Compass Point lifted their price target on shares of SLR Investment from $16.50 to $17.25 and gave the company a “neutral” rating in a research note on Tuesday.

SLR Investment Stock Down 2.8 %

Shares of NASDAQ SLRC traded down $0.50 during mid-day trading on Tuesday, reaching $17.26. The company had a trading volume of 440,699 shares, compared to its average volume of 157,345. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. SLR Investment has a twelve month low of $14.41 and a twelve month high of $17.94. The stock’s 50 day moving average is $16.95 and its 200-day moving average is $16.17. The stock has a market capitalization of $941.71 million, a PE ratio of 9.75 and a beta of 1.13.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. The business had revenue of $55.58 million during the quarter, compared to the consensus estimate of $57.08 million. As a group, equities analysts anticipate that SLR Investment will post 1.76 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.41 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.50%. SLR Investment’s dividend payout ratio (DPR) is presently 93.71%.

Institutional Investors Weigh In On SLR Investment

A number of institutional investors have recently modified their holdings of SLRC. Creative Planning bought a new stake in SLR Investment in the third quarter valued at $170,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of SLR Investment by 3.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 143,242 shares of the financial services provider’s stock worth $2,156,000 after buying an additional 5,280 shares during the last quarter. MQS Management LLC purchased a new stake in shares of SLR Investment during the 3rd quarter worth approximately $197,000. Muzinich & Co. Inc. grew its stake in shares of SLR Investment by 3.8% during the 3rd quarter. Muzinich & Co. Inc. now owns 145,124 shares of the financial services provider’s stock worth $2,184,000 after acquiring an additional 5,280 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in shares of SLR Investment by 130.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 36,113 shares of the financial services provider’s stock valued at $544,000 after buying an additional 20,451 shares in the last quarter. 35.32% of the stock is owned by institutional investors.

SLR Investment Company Profile

SLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies.