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

Shares of SLR Investment Corp. (NASDAQ:SLRCGet 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

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:SLRCGet 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

(Get Free Report

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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Analyst Recommendations for SLR Investment (NASDAQ:SLRC)

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