Brokerages Set SLR Investment Corp. (NASDAQ:SLRC) Price Target at $14.40

Shares of SLR Investment Corp. (NASDAQ:SLRC) have earned an average rating of “Reduce” from the seven brokerages that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $14.40.

SLRC has been the subject of several research reports. Wall Street Zen downgraded shares of SLR Investment from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Compass Point raised shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price objective for the company in a research report on Tuesday, March 10th. JPMorgan Chase & Co. decreased their target price on shares of SLR Investment from $14.00 to $13.50 and set an “underweight” rating for the company in a research report on Thursday, May 7th. Raymond James Financial set a $16.00 target price on shares of SLR Investment and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Finally, Wells Fargo & Company decreased their target price on shares of SLR Investment from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Thursday, May 7th.

SLR Investment Trading Down 0.4%

Shares of NASDAQ SLRC opened at $12.74 on Thursday. The company’s 50 day simple moving average is $14.24 and its 200 day simple moving average is $14.82. SLR Investment has a fifty-two week low of $12.54 and a fifty-two week high of $17.19. The firm has a market capitalization of $695.09 million, a P/E ratio of 7.77 and a beta of 0.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 1.04.

SLR Investment (NASDAQ:SLRC) last posted its earnings results on Tuesday, May 5th. The financial services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $47.14 million during the quarter, compared to analyst estimates of $54.01 million. SLR Investment had a return on equity of 8.33% and a net margin of 41.81%. On average, analysts predict that SLR Investment will post 1.33 EPS for the current year.

SLR Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.24 dividend on an annualized basis and a yield of 9.7%. SLR Investment’s dividend payout ratio (DPR) is 100.00%.

Insider Activity at SLR Investment

In other news, insider Michael S. Gross acquired 25,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $13.91 per share, with a total value of $347,750.00. Following the transaction, the insider directly owned 4,014,701 shares in the company, valued at approximately $55,844,490.91. The trade was a 0.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have bought 45,452 shares of company stock valued at $623,933. Company insiders own 8.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SLRC. Acadian Asset Management LLC lifted its stake in shares of SLR Investment by 173.3% during the 1st quarter. Acadian Asset Management LLC now owns 16,702 shares of the financial services provider’s stock worth $280,000 after buying an additional 10,591 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of SLR Investment by 11.7% during the 2nd quarter. Cetera Investment Advisers now owns 40,901 shares of the financial services provider’s stock worth $660,000 after buying an additional 4,295 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of SLR Investment during the 2nd quarter worth about $190,000. Invesco Ltd. lifted its stake in shares of SLR Investment by 18.0% during the 2nd quarter. Invesco Ltd. now owns 42,469 shares of the financial services provider’s stock worth $685,000 after buying an additional 6,464 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of SLR Investment during the 2nd quarter worth about $782,000. Institutional investors own 35.32% of the company’s stock.

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.