Shares of SLR Investment Corp. (NASDAQ:SLRC – Get 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
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:SLRC – Get 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
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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