SLR Investment (NASDAQ:SLRC) Hits New 12-Month Low – What’s Next?

SLR Investment Corp. (NASDAQ:SLRC) hit a new 52-week low on Monday . The company traded as low as $14.07 and last traded at $14.18, with a volume of 129985 shares traded. The stock had previously closed at $15.21.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Compass Point lifted their target price on SLR Investment from $16.50 to $17.25 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Keefe, Bruyette & Woods boosted their price objective on shares of SLR Investment from $16.00 to $17.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, SLR Investment currently has a consensus rating of “Hold” and a consensus price target of $15.85.

SLR Investment Stock Down 4.0 %

The company’s 50-day moving average is $17.14 and its 200 day moving average is $16.36. The stock has a market capitalization of $796.30 million, a PE ratio of 8.24 and a beta of 0.90. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $55.58 million during the quarter, compared to analysts’ expectations of $57.08 million. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. As a group, analysts anticipate that SLR Investment Corp. will post 1.76 EPS for the current year.

SLR Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 11.24%. SLR Investment’s payout ratio is currently 93.71%.

Institutional Trading of SLR Investment

Several hedge funds and other institutional investors have recently bought and sold shares of SLRC. Tower Research Capital LLC TRC increased its stake in shares of SLR Investment by 1,642.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,398 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 3,203 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of SLR Investment during the 4th quarter valued at about $58,000. Westend Capital Management LLC grew its holdings in shares of SLR Investment by 71.3% in the fourth quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 3,082 shares during the period. XTX Topco Ltd acquired a new stake in SLR Investment during the fourth quarter worth about $191,000. Finally, Wells Fargo & Company MN raised its stake in SLR Investment by 39.8% during the fourth quarter. Wells Fargo & Company MN now owns 12,480 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 3,551 shares during the period. 35.32% of the stock is owned by institutional investors and hedge funds.

About SLR Investment

SLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies.