Keefe, Bruyette & Woods Issues Positive Forecast for SLR Investment (NASDAQ:SLRC) Stock Price

SLR Investment (NASDAQ:SLRC) had its price target upped by Keefe, Bruyette & Woods from $16.00 to $17.00 in a research report report published on Tuesday,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Separately, Wells Fargo & Company raised their price target on shares of SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, SLR Investment presently has a consensus rating of “Hold” and a consensus target price of $15.50.

SLR Investment Stock Performance

NASDAQ:SLRC opened at $17.46 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $952.62 million, a P/E ratio of 9.86 and a beta of 1.14. The firm has a 50 day moving average of $16.90 and a 200-day moving average of $16.13. SLR Investment has a 1 year low of $14.41 and a 1 year high of $17.85.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $55.58 million during the quarter, compared to analyst estimates 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 anticipate that SLR Investment will post 1.76 EPS for the current fiscal year.

SLR Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 9.39%. The ex-dividend date is Friday, March 14th. SLR Investment’s dividend payout ratio is presently 93.71%.

Institutional Trading of SLR Investment

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its holdings in SLR Investment by 1,642.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,398 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 3,203 shares during the period. BNP Paribas Financial Markets acquired a new stake in SLR Investment during the 4th quarter worth $58,000. Quantbot Technologies LP acquired a new stake in SLR Investment during the 3rd quarter worth $90,000. Westend Capital Management LLC grew its holdings in shares of SLR Investment by 71.3% in the 4th quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock valued at $120,000 after buying an additional 3,082 shares during the period. Finally, Creative Planning acquired a new position in shares of SLR Investment in the 3rd quarter valued at $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.