SLR Investment Corp. (NASDAQ:SLRC) Receives $14.25 Consensus PT from Brokerages

SLR Investment Corp. (NASDAQ:SLRC) has been assigned a consensus rating of “Reduce” from the four analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $14.25.

A number of analysts have commented on SLRC shares. JPMorgan Chase & Co. lowered their target price on shares of SLR Investment from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. B. Riley lifted their target price on shares of SLR Investment from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th.

SLR Investment Stock Performance

NASDAQ:SLRC opened at $15.30 on Monday. SLR Investment has a 1 year low of $13.48 and a 1 year high of $15.86. The firm has a 50 day moving average of $15.12 and a 200-day moving average of $15.06. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $834.77 million, a P/E ratio of 10.93 and a beta of 1.11.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings results on Tuesday, February 27th. 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 $59.79 million during the quarter, compared to analyst estimates of $59.00 million. SLR Investment had a net margin of 33.31% and a return on equity of 9.36%. As a group, sell-side analysts anticipate that SLR Investment will post 1.73 EPS for the current fiscal year.

SLR Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be given a $0.41 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $1.64 annualized dividend and a yield of 10.72%. SLR Investment’s dividend payout ratio is currently 117.14%.

Insider Activity at SLR Investment

In related news, insider Michael S. Gross acquired 46,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average cost of $15.44 per share, with a total value of $721,048.00. Following the transaction, the insider now owns 3,735,524 shares of the company’s stock, valued at approximately $57,676,490.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other SLR Investment news, insider Michael S. Gross purchased 40,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $15.08 per share, with a total value of $603,200.00. Following the transaction, the insider now directly owns 3,642,124 shares of the company’s stock, valued at approximately $54,923,229.92. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael S. Gross purchased 46,700 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were acquired at an average cost of $15.44 per share, for a total transaction of $721,048.00. Following the completion of the transaction, the insider now directly owns 3,735,524 shares in the company, valued at $57,676,490.56. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 109,336 shares of company stock valued at $1,680,539. 8.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SLR Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. bought a new stake in SLR Investment during the 3rd quarter worth about $25,000. International Assets Investment Management LLC acquired a new position in shares of SLR Investment during the 3rd quarter worth about $28,000. Comerica Bank acquired a new position in shares of SLR Investment during the 3rd quarter worth about $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of SLR Investment during the 1st quarter worth about $29,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of SLR Investment by 614.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,323 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,998 shares during the last quarter. 35.32% of the stock is owned by institutional investors.

About SLR Investment

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.