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

SLR Investment Corp. (NASDAQ:SLRC) has been assigned an average rating of “Reduce” from the five research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $15.85.

A number of research analysts recently commented on SLRC shares. Keefe, Bruyette & Woods raised their price target on SLR Investment from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 4th. Compass Point boosted their price objective on shares of SLR Investment from $16.50 to $17.25 and gave the company a “neutral” rating in a research report on Tuesday, March 11th.

Institutional Trading of SLR Investment

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its holdings in shares of 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 acquiring an additional 3,203 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of SLR Investment during the fourth quarter valued at about $58,000. Quantbot Technologies LP acquired a new position in shares of SLR Investment in the third quarter valued at approximately $90,000. Westend Capital Management LLC raised its holdings in 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 valued at $120,000 after buying an additional 3,082 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in SLR Investment in the 4th quarter valued at approximately $191,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

SLR Investment Stock Performance

Shares of NASDAQ:SLRC opened at $15.21 on Friday. SLR Investment has a 12-month low of $14.41 and a 12-month high of $17.94. The company’s 50 day moving average price is $17.14 and its two-hundred day moving average price is $16.34. The firm has a market cap of $829.86 million, a PE ratio of 8.59 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.

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

SLR Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 10.78%. The ex-dividend date was Friday, March 14th. SLR Investment’s dividend payout ratio is 93.71%.

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.