SLR Investment Corp. (NASDAQ:SLRC) Receives $15.85 Average PT from Brokerages

SLR Investment Corp. (NASDAQ:SLRC) has earned an average rating of “Reduce” from the five analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $15.85.

A number of research firms have recently weighed in on SLRC. Keefe, Bruyette & Woods lifted their price target on SLR Investment from $16.00 to $17.00 and gave the company a “market perform” rating in a report on Tuesday, March 4th. Compass Point lifted their price target on SLR Investment from $16.50 to $17.25 and gave the company a “neutral” rating in a report on Tuesday, March 11th.

SLR Investment Stock Performance

Shares of NASDAQ SLRC opened at $16.72 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11. The firm’s 50-day moving average price is $17.04 and its two-hundred day moving average price is $16.23. SLR Investment has a 52-week low of $14.41 and a 52-week high of $17.94. The stock has a market capitalization of $912.24 million, a P/E ratio of 9.45 and a beta of 1.13.

SLR Investment (NASDAQ:SLRC) last issued its 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 firm had revenue of $55.58 million for 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, sell-side analysts forecast that SLR Investment will post 1.76 earnings per share for the current year.

SLR Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.41 per share. The ex-dividend date is Friday, March 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.81%. SLR Investment’s dividend payout ratio is presently 93.71%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. 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 valued at $55,000 after acquiring an additional 3,203 shares during the period. BNP Paribas Financial Markets acquired a new position in SLR Investment in the fourth quarter worth approximately $58,000. Quantbot Technologies LP acquired a new position in SLR Investment in the third quarter worth approximately $90,000. Westend Capital Management LLC grew its position in 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 worth $120,000 after buying an additional 3,082 shares during the last quarter. Finally, Creative Planning acquired a new position in SLR Investment in the third quarter worth approximately $170,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

SLR Investment Company Profile

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.