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

Shares of SLR Investment Corp. (NASDAQ:SLRC) have been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $15.8929.

SLRC has been the subject of several research reports. Raymond James Financial set a $16.00 price objective on shares of SLR Investment and gave the stock an “outperform” rating in a research report on Wednesday. Wall Street Zen raised shares of SLR Investment from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of SLR Investment in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods cut their price target on SLR Investment from $17.00 to $16.50 and set a “market perform” rating on the stock in a report on Tuesday, November 18th.

Institutional Trading of SLR Investment

A number of institutional investors have recently made changes to their positions in the business. Kelleher Financial Advisors bought a new position in SLR Investment in the fourth quarter valued at $26,000. BNP Paribas Financial Markets boosted its stake in shares of SLR Investment by 1,389.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,640 shares during the last quarter. CWM LLC grew its holdings in shares of SLR Investment by 215.6% in the 3rd quarter. CWM LLC now owns 2,367 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 1,617 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of SLR Investment in the third quarter valued at about $38,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of SLR Investment in the fourth quarter valued at about $42,000. Institutional investors own 35.32% of the company’s stock.

SLR Investment Stock Performance

NASDAQ SLRC opened at $15.16 on Tuesday. SLR Investment has a one year low of $13.64 and a one year high of $17.94. The company has a quick ratio of 1.07, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The stock’s 50-day moving average is $15.17 and its 200-day moving average is $15.48.

SLR Investment (NASDAQ:SLRC) last posted its earnings results on Tuesday, February 24th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. The business had revenue of $54.46 million during the quarter, compared to analysts’ expectations of $54.97 million. SLR Investment had a return on equity of 8.76% and a net margin of 42.34%. On average, equities research analysts anticipate that SLR Investment will post 1.76 earnings per share for the current fiscal year.

SLR Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.64 dividend on an annualized basis and a yield of 10.8%. SLR Investment’s dividend payout ratio is 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.