SLR Investment Corp. (NASDAQ:SLRC) Receives $15.85 Consensus Target Price from Brokerages

Shares of SLR Investment Corp. (NASDAQ:SLRC) have received an average rating of “Reduce” from the five ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $15.85.

Several equities research analysts have issued reports on the stock. Compass Point lifted their target price on shares of SLR Investment from $16.50 to $17.25 and gave the company a “neutral” rating in a research report on Tuesday. Keefe, Bruyette & Woods lifted their target price on shares of SLR Investment from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Tuesday, March 4th.

SLR Investment Price Performance

SLRC opened at $16.89 on Tuesday. The firm has a 50-day moving average price of $17.02 and a 200-day moving average price of $16.21. The company has a market capitalization of $921.52 million, a price-to-earnings ratio of 9.54 and a beta of 1.13. SLR Investment has a twelve month low of $14.41 and a twelve month high of $17.94. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11.

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

SLR Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 9.71%. The ex-dividend date of this dividend is Friday, March 14th. SLR Investment’s payout ratio is currently 93.71%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its position 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 valued at $55,000 after purchasing an additional 3,203 shares during the period. BNP Paribas Financial Markets purchased a new position in SLR Investment during the 4th quarter valued at $58,000. Quantbot Technologies LP purchased a new stake in shares of SLR Investment in the 3rd quarter worth about $90,000. Westend Capital Management LLC grew its position 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 worth $120,000 after buying an additional 3,082 shares during the period. Finally, Creative Planning purchased a new stake in shares of SLR Investment in the 3rd quarter worth about $170,000. 35.32% of the stock is owned by hedge funds and other institutional investors.

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.