Shares of SLR Investment Corp. (NASDAQ:SLRC – Get Free Report) 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.
Check Out Our Latest Analysis on SLRC
Hedge Funds Weigh In On SLR Investment
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 – Get Free Report) 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.
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