SLR Investment Corp. (NASDAQ:SLRC) Receives Consensus Rating of “Reduce” from Brokerages

Shares of SLR Investment Corp. (NASDAQ:SLRC) have received a consensus rating of “Reduce” from the five brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $15.85.

Several brokerages recently issued reports on SLRC. Keefe, Bruyette & Woods increased 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 increased 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.

Hedge Funds Weigh In On SLR Investment

Several large investors have recently modified their holdings of SLRC. Creative Planning bought a new position in shares of SLR Investment during the third quarter worth about $170,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of SLR Investment by 3.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 143,242 shares of the financial services provider’s stock worth $2,156,000 after purchasing an additional 5,280 shares during the last quarter. MQS Management LLC bought a new position in shares of SLR Investment during the third quarter worth about $197,000. Muzinich & Co. Inc. lifted its holdings in SLR Investment by 3.8% in the third quarter. Muzinich & Co. Inc. now owns 145,124 shares of the financial services provider’s stock worth $2,184,000 after acquiring an additional 5,280 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in SLR Investment by 130.6% in the third quarter. Advisors Asset Management Inc. now owns 36,113 shares of the financial services provider’s stock worth $544,000 after acquiring an additional 20,451 shares during the last quarter. Institutional investors own 35.32% of the company’s stock.

SLR Investment Trading Down 1.0 %

SLRC stock opened at $16.72 on Tuesday. The company has a market cap of $912.24 million, a price-to-earnings ratio of 9.45 and a beta of 1.13. 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 business has a fifty day simple moving average of $17.04 and a 200-day simple moving average of $16.23. SLR Investment has a 52 week low of $14.41 and a 52 week high of $17.94.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The firm had revenue of $55.58 million during the quarter, compared to the consensus estimate of $57.08 million. On average, equities research analysts expect that SLR Investment will post 1.76 EPS for the current year.

SLR Investment Dividend Announcement

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

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.