SLR Investment Corp. (NASDAQ:SLRC) Stock Has Consensus Price Target of $14.10

SLR Investment Corp. (NASDAQ:SLRC) has earned an average recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $13.92.

SLRC has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of SLR Investment in a research report on Monday, October 26th. 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 upgraded shares of SLR Investment from a “sell” rating to a “hold” rating in a report on Saturday, October 31st. Finally, B. Riley Financial dropped their price target on SLR Investment from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday.

SLR Investment Price Performance

SLRC opened at $11.81 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The company has a market cap of $633.84 million, a price-to-earnings ratio of 11.14 and a beta of 0.69. The stock has a fifty day simple moving average of $11.80 and a two-hundred day simple moving average of $13.33. SLR Investment has a 12-month low of $10.96 and a 12-month high of $16.36.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Tuesday, November 3rd. The financial services provider reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. The firm had revenue of $49.34 million for the quarter, compared to analysts’ expectations of $48.93 million. SLR Investment had a net margin of 28.75% and a return on equity of 7.61%. Research analysts predict that SLR Investment will post 1.30 earnings per share for the current fiscal year.

SLR Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 28th. Investors of record on Monday, December 14th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend is Monday, December 14th. SLR Investment’s dividend payout ratio (DPR) is 116.98%.

Insider Transactions at SLR Investment

In related news, insider Michael Gross bought 20,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were acquired at an average cost of $12.35 per share, with a total value of $247,000.00. Following the completion of the acquisition, the insider owned 4,065,153 shares of the company’s stock, valued at $50,204,639.55. The trade was a 0.49% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.10% of the company’s stock.

Hedge Funds Weigh In On SLR Investment

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of SLR Investment during the second quarter valued at approximately $2,513,000. Sound Income Strategies LLC increased its position in shares of SLR Investment by 7,441.0% during the third quarter. Sound Income Strategies LLC now owns 1,629,154 shares of the financial services provider’s stock valued at $18,735,000 after acquiring an additional 1,607,550 shares in the last quarter. Clear Harbor Asset Management LLC purchased a new position in SLR Investment in the 2nd quarter worth approximately $4,205,000. Bank of America Corp DE purchased a new position in SLR Investment in the 2nd quarter worth approximately $2,070,000. Finally, Legal & General Group Plc purchased a new position in SLR Investment in the 2nd quarter worth approximately $5,516,000. 35.32% of the stock is currently owned by institutional investors.

About SLR Investment

SLR Investment Corp. (NASDAQ: SLRC) is a business development company that provides financing to middle-market companies, primarily in the United States. The company seeks to support businesses that may have limited access to traditional bank financing by investing in a range of debt and equity securities.

Its investment activities generally focus on senior secured loans, subordinated debt, mezzanine investments and equity interests. SLR Investment typically partners with private equity sponsors and company management teams, providing capital for acquisitions, recapitalizations, refinancing, growth initiatives and other corporate purposes.