Analysts Set SLR Investment Corp. (NASDAQ:SLRC) PT at $15.96

Shares of SLR Investment Corp. (NASDAQ:SLRC) have been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $15.96.

A number of brokerages have issued reports on SLRC. 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 report on Tuesday, March 11th. Keefe, Bruyette & Woods lifted their target price on SLR Investment from $16.00 to $17.00 and gave the stock a “market perform” rating in a report on Tuesday, March 4th. Raymond James dropped their price target on SLR Investment from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. LADENBURG THALM/SH SH upgraded SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price target for the company in a report on Monday, May 12th. Finally, JPMorgan Chase & Co. decreased their price objective on SLR Investment from $16.50 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, April 24th.

SLR Investment Price Performance

Shares of SLRC opened at $16.74 on Friday. The business’s 50 day moving average is $15.86 and its 200 day moving average is $16.47. The company has a market capitalization of $913.33 million, a PE ratio of 9.46 and a beta of 0.75. SLR Investment has a 12-month low of $13.64 and a 12-month high of $17.94. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. The firm had revenue of $53.18 million for the quarter, compared to analysts’ expectations of $53.43 million. Research analysts expect that SLR Investment will post 1.76 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.41 per share. The ex-dividend date is Friday, June 13th. This represents a $1.64 annualized dividend and a yield of 9.80%. SLR Investment’s payout ratio is currently 101.86%.

Institutional Investors Weigh In On SLR Investment

Several institutional investors have recently modified their holdings of SLRC. Raymond James Financial Inc. bought a new position in shares of SLR Investment during the 4th quarter valued at approximately $4,565,000. Epiq Partners LLC boosted its stake in SLR Investment by 405.8% during the first quarter. Epiq Partners LLC now owns 327,560 shares of the financial services provider’s stock worth $5,523,000 after buying an additional 262,800 shares during the period. Strategic Financial Concepts LLC bought a new position in SLR Investment during the fourth quarter valued at $1,902,000. Trexquant Investment LP raised its stake in shares of SLR Investment by 75.5% in the fourth quarter. Trexquant Investment LP now owns 176,331 shares of the financial services provider’s stock valued at $2,850,000 after acquiring an additional 75,879 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of SLR Investment by 42.8% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 222,340 shares of the financial services provider’s stock worth $3,749,000 after acquiring an additional 66,674 shares during 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.