SLR Investment Corp. (NASDAQ:SLRC) Receives Average Recommendation of “Hold” from Brokerages

Shares of SLR Investment Corp. (NASDAQ:SLRC) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $14.10.

Several research firms have weighed in on SLRC. JPMorgan Chase & Co. dropped their price target on SLR Investment from $13.50 to $12.00 and set an “underweight” rating for the company in a research report on Thursday, July 2nd. Zacks Research upgraded shares of SLR Investment from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Wall Street Zen lowered shares of SLR Investment from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Wells Fargo & Company cut their price target on SLR Investment from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, May 7th. Finally, B. Riley Financial lowered SLR Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLRC. Inspire Investing LLC lifted its stake in shares of SLR Investment by 2.3% in the 4th quarter. Inspire Investing LLC now owns 30,238 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 688 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in SLR Investment by 2.3% in the 4th quarter. Chicago Partners Investment Group LLC now owns 31,299 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 700 shares in the last quarter. Envestnet Asset Management Inc. raised its position in SLR Investment by 4.3% in the third quarter. Envestnet Asset Management Inc. now owns 19,902 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 824 shares during the period. NewEdge Wealth LLC grew its stake in shares of SLR Investment by 0.9% in the fourth quarter. NewEdge Wealth LLC now owns 96,455 shares of the financial services provider’s stock valued at $1,491,000 after buying an additional 881 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of SLR Investment by 0.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 157,089 shares of the financial services provider’s stock valued at $2,429,000 after buying an additional 997 shares in the last quarter. Institutional investors and hedge funds own 35.32% of the company’s stock.

SLR Investment Stock Performance

NASDAQ:SLRC opened at $12.67 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.17. The firm has a 50-day moving average price of $12.77 and a two-hundred day moving average price of $13.85. SLR Investment has a twelve month low of $12.13 and a twelve month high of $16.83. The company has a market capitalization of $691.28 million, a P/E ratio of 9.39 and a beta of 0.64.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. SLR Investment had a net margin of 35.20% and a return on equity of 7.96%. The company had revenue of $20.50 million for the quarter, compared to the consensus estimate of $48.82 million. As a group, research analysts expect that SLR Investment will post 1.31 earnings per share for the current fiscal year.

SLR Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a yield of 9.8%. SLR Investment’s dividend payout ratio (DPR) is currently 91.85%.

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.