Brokerages Set SLR Investment Corp. (NASDAQ:SLRC) PT at $16.04

SLR Investment Corp. (NASDAQ:SLRC) has earned an average recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $16.0357.

SLRC has been the topic of several research analyst reports. Keefe, Bruyette & Woods cut their target price on SLR Investment from $17.00 to $16.50 and set a “market perform” rating on the stock in a research report on Tuesday, November 18th. Wall Street Zen upgraded shares of SLR Investment from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of SLR Investment in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. lowered their target price on shares of SLR Investment from $16.00 to $15.00 and set an “underweight” rating for the company in a report on Wednesday, October 1st.

SLR Investment Price Performance

SLR Investment stock opened at $15.49 on Monday. The company has a fifty day simple moving average of $15.52 and a 200-day simple moving average of $15.75. SLR Investment has a 12-month low of $13.64 and a 12-month high of $17.94. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.15.

SLR Investment (NASDAQ:SLRC) last posted its earnings results on Tuesday, November 4th. The financial services provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). The business had revenue of $56.99 million during the quarter, compared to analysts’ expectations of $56.33 million. SLR Investment had a net margin of 41.00% and a return on equity of 8.98%. Research analysts expect that SLR Investment will post 1.76 EPS for the current year.

SLR Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.64 annualized dividend and a dividend yield of 10.6%. SLR Investment’s dividend payout ratio (DPR) is presently 99.39%.

Institutional Trading of SLR Investment

A number of large investors have recently made changes to their positions in SLRC. Chicago Partners Investment Group LLC grew its stake in SLR Investment by 2.2% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 29,927 shares of the financial services provider’s stock worth $495,000 after buying an additional 632 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of SLR Investment by 4.4% in the second quarter. J.W. Cole Advisors Inc. now owns 14,904 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 633 shares during the period. Envestnet Asset Management Inc. grew its position in shares of SLR Investment by 4.3% during the third quarter. Envestnet Asset Management Inc. now owns 19,902 shares of the financial services provider’s stock worth $304,000 after acquiring an additional 824 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of SLR Investment by 4.9% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 19,677 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 915 shares during the period. Finally, Triumph Capital Management increased its holdings in shares of SLR Investment by 3.6% in the 2nd quarter. Triumph Capital Management now owns 38,242 shares of the financial services provider’s stock valued at $617,000 after acquiring an additional 1,335 shares during the period. 35.32% of the stock is owned by institutional investors and hedge funds.

About SLR Investment

SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.

SLR Investment Corp.