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

SLR Investment Corp. (NASDAQ:SLRC) has been assigned a consensus recommendation of “Reduce” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $14.88.

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price objective on SLR Investment from $15.50 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, May 23rd. B. Riley reiterated a “neutral” rating and issued a $17.00 price target (up previously from $16.00) on shares of SLR Investment in a research report on Friday, May 10th.

Insider Buying and Selling

In other news, Director Andrea Colvin Roberts acquired 25,000 shares of the business’s stock in a transaction on Friday, June 14th. The stock was bought at an average price of $15.98 per share, for a total transaction of $399,500.00. Following the transaction, the director now owns 25,000 shares in the company, valued at $399,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On SLR Investment

A number of institutional investors have recently added to or reduced their stakes in SLRC. Natixis Advisors L.P. grew its holdings in SLR Investment by 7.1% in the fourth quarter. Natixis Advisors L.P. now owns 17,418 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 1,154 shares during the last quarter. Confluence Investment Management LLC boosted its stake in SLR Investment by 0.9% in the 2nd quarter. Confluence Investment Management LLC now owns 185,372 shares of the financial services provider’s stock worth $2,983,000 after buying an additional 1,570 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in SLR Investment by 4.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,839 shares of the financial services provider’s stock valued at $764,000 after buying an additional 1,969 shares during the period. Chicago Partners Investment Group LLC increased its stake in shares of SLR Investment by 6.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 34,513 shares of the financial services provider’s stock valued at $524,000 after acquiring an additional 2,156 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its stake in shares of SLR Investment by 2.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 84,588 shares of the financial services provider’s stock valued at $1,302,000 after acquiring an additional 2,320 shares during the last quarter. Hedge funds and other institutional investors own 35.32% of the company’s stock.

SLR Investment Trading Down 0.4 %

NASDAQ:SLRC opened at $16.08 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.05 and a current ratio of 1.05. SLR Investment has a 1 year low of $13.93 and a 1 year high of $16.77. The stock has a market cap of $877.32 million, a P/E ratio of 9.03 and a beta of 1.13. The stock has a 50-day simple moving average of $16.12 and a 200-day simple moving average of $15.49.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. SLR Investment had a return on equity of 9.51% and a net margin of 41.66%. The company had revenue of $58.10 million for the quarter, compared to analyst estimates of $58.96 million. As a group, analysts anticipate that SLR Investment will post 1.74 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.20%. The ex-dividend date was Thursday, June 13th. SLR Investment’s payout ratio is currently 92.13%.

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.