SLR Investment Corp. (NASDAQ:SLRC) Given Consensus Rating of “Hold” by Analysts

SLR Investment Corp. (NASDAQ:SLRC) has earned an average recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $15.2857.

A number of equities analysts recently issued reports on SLRC shares. Wall Street Zen raised shares of SLR Investment from a “sell” rating to a “hold” rating in a report on Sunday, April 12th. JPMorgan Chase & Co. dropped their price objective on shares of SLR Investment from $15.00 to $14.00 and set an “underweight” rating on the stock in a report on Friday, March 13th. Wells Fargo & Company dropped their price objective on shares of SLR Investment from $13.00 to $12.00 and set an “underweight” rating on the stock in a report on Tuesday, March 3rd. Raymond James Financial set a $16.00 price objective on shares of SLR Investment and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of SLR Investment in a report on Monday, December 29th.

Insider Activity

In other SLR Investment news, insider Michael S. Gross acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average price of $13.91 per share, with a total value of $347,750.00. Following the completion of the acquisition, the insider owned 4,014,701 shares in the company, valued at $55,844,490.91. This represents a 0.63% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.80% of the company’s stock.

Hedge Funds Weigh In On SLR Investment

Large investors have recently added to or reduced their stakes in the company. Kelleher Financial Advisors purchased a new position in SLR Investment during the fourth quarter valued at approximately $26,000. BNP Paribas Financial Markets lifted its holdings in SLR Investment by 1,389.8% during the third quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,640 shares in the last quarter. CWM LLC lifted its holdings in SLR Investment by 215.6% during the third quarter. CWM LLC now owns 2,367 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,617 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in SLR Investment during the third quarter valued at approximately $38,000. Finally, International Assets Investment Management LLC purchased a new position in SLR Investment during the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 35.32% of the company’s stock.

SLR Investment Stock Performance

Shares of SLRC stock opened at $15.63 on Wednesday. The company has a 50 day moving average price of $14.75 and a 200-day moving average price of $15.07. SLR Investment has a 52 week low of $13.78 and a 52 week high of $17.19. The firm has a market capitalization of $852.69 million, a PE ratio of 9.19 and a beta of 0.69. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings results on Tuesday, February 24th. The financial services provider reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The firm had revenue of $54.46 million during the quarter, compared to analyst estimates of $54.97 million. SLR Investment had a net margin of 42.34% and a return on equity of 8.76%. As a group, equities research analysts expect that SLR Investment will post 1.62 earnings per share for the current year.

SLR Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a $0.41 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.5%. SLR Investment’s dividend payout ratio (DPR) is presently 96.47%.

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.