SLR Investment (NASDAQ:SLRC) Given New $12.50 Price Target at Wells Fargo & Company

SLR Investment (NASDAQ:SLRC) had its price target lowered by Wells Fargo & Company from $13.00 to $12.50 in a research note published on Tuesday, Benzinga reports. Wells Fargo & Company currently has an underweight rating on the financial services provider’s stock.

A number of other equities analysts have also issued reports on the company. JPMorgan Chase & Co. lowered SLR Investment from a “neutral” rating to an “underweight” rating and cut their target price for the company from $15.50 to $15.00 in a research report on Monday, July 29th. StockNews.com began coverage on shares of SLR Investment in a research note on Tuesday, July 23rd. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.13.

SLR Investment Price Performance

Shares of SLRC stock opened at $15.28 on Tuesday. SLR Investment has a twelve month low of $14.41 and a twelve month high of $16.77. The company has a market capitalization of $833.68 million, a PE ratio of 8.22 and a beta of 1.13. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.16. The firm has a fifty day simple moving average of $15.33 and a 200-day simple moving average of $15.65.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. SLR Investment had a return on equity of 9.65% and a net margin of 42.99%. The company had revenue of $58.98 million during the quarter, compared to the consensus estimate of $58.23 million. During the same period last year, the firm earned $0.42 earnings per share. Equities research analysts anticipate that SLR Investment will post 1.75 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 10.73%. The ex-dividend date was Friday, September 13th. SLR Investment’s dividend payout ratio (DPR) is presently 88.17%.

Institutional Trading of SLR Investment

Several institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its holdings in shares of SLR Investment by 8.0% in the 1st quarter. Van ECK Associates Corp now owns 918,196 shares of the financial services provider’s stock valued at $14,094,000 after buying an additional 68,320 shares during the period. Condor Capital Management acquired a new position in SLR Investment in the second quarter valued at approximately $4,118,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of SLR Investment by 182.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 54,401 shares of the financial services provider’s stock valued at $875,000 after purchasing an additional 35,128 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of SLR Investment during the 2nd quarter worth approximately $1,639,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of SLR Investment during the 2nd quarter worth approximately $786,000. Institutional investors own 35.32% of the company’s stock.

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.