Brokerages Set SLR Investment Corp. (NASDAQ:SLRC) PT at $15.85

Shares of SLR Investment Corp. (NASDAQ:SLRCGet Free Report) have received a consensus recommendation of “Reduce” from the five brokerages that are covering the firm, Marketbeat.com 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 issued ratings on the stock in the last year is $15.85.

Several research firms have issued reports on SLRC. Keefe, Bruyette & Woods raised their target price on SLR Investment from $16.00 to $17.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 4th. Compass Point upped their price target on SLR Investment from $16.50 to $17.25 and gave the stock a “neutral” rating in a report on Tuesday, March 11th.

Read Our Latest Analysis on SLRC

Institutional Trading of SLR Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in SLRC. JPMorgan Chase & Co. increased its stake in SLR Investment by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,336,411 shares of the financial services provider’s stock valued at $20,113,000 after purchasing an additional 4,510 shares in the last quarter. Creative Planning acquired a new position in SLR Investment in the third quarter valued at $170,000. Jane Street Group LLC boosted its holdings in SLR Investment by 15.0% in the third quarter. Jane Street Group LLC now owns 15,541 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 2,022 shares during the last quarter. Empirical Asset Management LLC purchased a new position in SLR Investment in the fourth quarter valued at about $3,895,000. Finally, Van ECK Associates Corp raised its position in SLR Investment by 4.5% in the fourth quarter. Van ECK Associates Corp now owns 1,044,152 shares of the financial services provider’s stock valued at $16,874,000 after purchasing an additional 44,861 shares during the period. 35.32% of the stock is owned by hedge funds and other institutional investors.

SLR Investment Stock Performance

NASDAQ SLRC opened at $16.85 on Tuesday. The company has a market cap of $919.34 million, a PE ratio of 9.52 and a beta of 1.13. The stock’s 50 day simple moving average is $17.05 and its 200-day simple moving average is $16.24. SLR Investment has a 1-year low of $14.41 and a 1-year high of $17.94. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06.

SLR Investment (NASDAQ:SLRCGet Free Report) last posted its quarterly earnings results 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. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The firm had revenue of $55.58 million during the quarter, compared to analysts’ expectations of $57.08 million. As a group, equities research analysts anticipate that SLR Investment will post 1.76 EPS for the current fiscal 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 paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 9.73%. The ex-dividend date of this dividend is Friday, March 14th. SLR Investment’s dividend payout ratio is presently 93.71%.

SLR Investment Company Profile

(Get Free Report

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.

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Analyst Recommendations for SLR Investment (NASDAQ:SLRC)

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