SLR Investment Corp. (NASDAQ:SLRC) Given Average Recommendation of “Hold” by Analysts

SLR Investment Corp. (NASDAQ:SLRC) has received a consensus recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.10.

A number of equities research analysts have recently weighed in on SLRC shares. Weiss Ratings lowered SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Zacks Research upgraded SLR Investment from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. dropped their price target on SLR Investment from $13.50 to $12.00 and set an “underweight” rating for the company in a research note on Thursday, July 2nd. Finally, B. Riley Financial cut shares of SLR Investment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th.

SLR Investment Price Performance

Shares of SLR Investment stock opened at $12.08 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.09. SLR Investment has a 52-week low of $11.98 and a 52-week high of $16.48. The company has a fifty day moving average of $12.79 and a 200-day moving average of $13.54. The stock has a market capitalization of $659.08 million, a price-to-earnings ratio of 8.95 and a beta of 0.64.

SLR Investment (NASDAQ:SLRC) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. The company had revenue of $20.50 million during the quarter, compared to analysts’ expectations of $48.82 million. SLR Investment had a return on equity of 7.96% and a net margin of 35.20%. Equities research analysts expect that SLR Investment will post 1.31 EPS for the current year.

SLR Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend is Friday, September 11th. SLR Investment’s dividend payout ratio is presently 91.85%.

Insider Buying and Selling at SLR Investment

In other SLR Investment news, insider Michael Gross acquired 20,000 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were acquired at an average price of $12.35 per share, for a total transaction of $247,000.00. Following the completion of the acquisition, the insider owned 4,065,153 shares in the company, valued at $50,204,639.55. This trade represents a 0.49% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SLRC. BNP Paribas Financial Markets raised its holdings in SLR Investment by 1,389.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,640 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in SLR Investment during the 2nd quarter valued at $28,000. International Assets Investment Management LLC purchased a new stake in SLR Investment during the 4th quarter valued at $42,000. Russell Investments Group Ltd. bought a new stake in shares of SLR Investment in the 3rd quarter worth $48,000. Finally, Greykasell Wealth Strategies Inc. purchased a new position in shares of SLR Investment in the fourth quarter worth $59,000. 35.32% of the stock is owned by hedge funds and other institutional investors.

SLR Investment Company Profile

SLR Investment Corp. (NASDAQ: SLRC) is a closed?end, externally managed business development company that provides customized debt and equity financing solutions to middle?market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co?investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor?backed transactions.

SLR Investment Corp.