SLR Investment Corp. (NASDAQ:SLRC) Receives $16.04 Consensus Price Target from Analysts

Shares of SLR Investment Corp. (NASDAQ:SLRC) have earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $16.0357.

A number of equities research analysts have recently weighed in on SLRC shares. Wall Street Zen raised SLR Investment from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Keefe, Bruyette & Woods decreased their price target on SLR Investment from $17.00 to $16.50 and set a “market perform” rating for the company in a research note on Tuesday, November 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of SLR Investment in a research note on Monday, December 29th.

Institutional Investors Weigh In On SLR Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of SLR Investment by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,342,415 shares of the financial services provider’s stock worth $20,526,000 after buying an additional 11,052 shares in the last quarter. Van ECK Associates Corp boosted its stake in SLR Investment by 6.7% during the third quarter. Van ECK Associates Corp now owns 1,195,136 shares of the financial services provider’s stock valued at $18,274,000 after buying an additional 74,983 shares in the last quarter. UBS Group AG grew its holdings in SLR Investment by 15.5% during the fourth quarter. UBS Group AG now owns 577,728 shares of the financial services provider’s stock worth $8,932,000 after acquiring an additional 77,705 shares during the period. Muzinich & Co. Inc. raised its position in SLR Investment by 37.4% in the fourth quarter. Muzinich & Co. Inc. now owns 534,336 shares of the financial services provider’s stock worth $8,261,000 after acquiring an additional 145,323 shares in the last quarter. Finally, Epiq Partners LLC boosted its position in shares of SLR Investment by 6.2% during the 4th quarter. Epiq Partners LLC now owns 417,128 shares of the financial services provider’s stock valued at $6,449,000 after purchasing an additional 24,338 shares in the last quarter. Institutional investors own 35.32% of the company’s stock.

SLR Investment Price Performance

Shares of SLRC opened at $15.02 on Friday. SLR Investment has a 12 month low of $13.64 and a 12 month high of $17.94. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average price of $15.43 and a 200 day moving average price of $15.60.

SLR Investment (NASDAQ:SLRC) last released its quarterly 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). SLR Investment had a return on equity of 8.98% and a net margin of 41.00%.The firm had revenue of $56.99 million for the quarter, compared to the consensus estimate of $56.33 million. As a group, sell-side analysts anticipate that SLR Investment will post 1.76 EPS for the current fiscal year.

SLR Investment Company Profile

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.