SLR Investment Corp. (NASDAQ:SLRC) Stock Has Consensus Price Target of $14.10 According to Brokerages

Key Points

• Analyst sentiment is neutral: Eight analysts rate SLR Investment Corp. an average “Hold,” with two Buys, four Holds and two Sells. The consensus 12-month price target is $14.10, above the reported share price of $11.43.
• The company offers a high dividend yield: SLR Investment pays a quarterly dividend of $0.31, or $1.24 annually, representing an approximately 10.8% yield. Its dividend payout ratio is 91.85%.
• Recent financial results were mixed: The company matched estimates with quarterly EPS of $0.33, but revenue of $20.5 million fell well below the $48.82 million consensus estimate. Insider Michael Gross purchased 20,000 shares, while institutional investors own 35.32% of the stock.

Shares of SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) have been assigned an average rating of "Hold" from the eight analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $14.10.

A number of brokerages recently commented on SLRC. B. Riley Financial cut shares of SLR Investment from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of SLR Investment from a "sell" rating to a "hold" rating in a research report on Saturday, September 26th. JPMorgan Chase & Co. reduced their price target on shares of SLR Investment from $13.50 to $12.00 and set an "underweight" rating on the stock in a report on Thursday, July 2nd. Zacks Research upgraded shares of SLR Investment from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings lowered shares of SLR Investment from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, July 28th.

SLR Investment Stock Performance

SLRC opened at $11.43 on Wednesday. SLR Investment has a 1-year low of $11.42 and a 1-year high of $16.36. The stock has a market cap of $623.56 million, a P/E ratio of 8.47 and a beta of 0.69. The stock's 50 day simple moving average is $12.39 and its 200 day simple moving average is $13.20. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 1.09.

SLR Investment (NASDAQ:SLRC - Get Free Report) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $0.33 EPS for the quarter, hitting analysts' consensus estimates of $0.33. SLR Investment had a return on equity of 7.96% and a net margin of 35.20%.The company had revenue of $20.50 million for the quarter, compared to the consensus estimate of $48.82 million. As a group, equities analysts anticipate that SLR Investment will post 1.31 EPS for the current fiscal year.

SLR Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a yield of 10.8%. SLR Investment's dividend payout ratio is presently 91.85%.

Insider Buying and Selling

In related news, insider Michael Gross bought 20,000 shares of the stock in a transaction on Thursday, September 10th. The shares were purchased at an average price of $12.35 per share, for a total transaction of $247,000.00. Following the acquisition, the insider owned 4,065,153 shares in the company, valued at $50,204,639.55. This represents a 0.49% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 8.80% of the company's stock.

Institutional Trading of SLR Investment

Several institutional investors and hedge funds have recently made changes to their positions in SLRC. Confluence Investment Management LLC increased its position in SLR Investment by 1.5% during the 3rd quarter. Confluence Investment Management LLC now owns 64,841 shares of the financial services provider's stock worth $752,000 after purchasing an additional 988 shares in the last quarter. Triad Investment Management lifted its holdings in SLR Investment by 0.8% in the 1st quarter. Triad Investment Management now owns 125,814 shares of the financial services provider's stock valued at $1,800,000 after purchasing an additional 1,000 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in shares of SLR Investment by 3.7% during the 1st quarter. Apollon Wealth Management LLC now owns 31,734 shares of the financial services provider's stock worth $454,000 after purchasing an additional 1,122 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of SLR Investment by 2.9% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 48,517 shares of the financial services provider's stock worth $694,000 after purchasing an additional 1,371 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of SLR Investment by 0.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 378,888 shares of the financial services provider's stock worth $5,422,000 after buying an additional 1,619 shares in the last quarter. 35.32% of the stock is currently owned by hedge funds and other institutional investors.

SLR Investment Company Profile

SLR Investment Corp. NASDAQ: SLRC is a closed-end business development company that provides financing to middle-market companies. The company primarily invests in privately held businesses through senior secured loans, including first-lien and unitranche loans, and may also make subordinated debt and equity investments.

SLR Investment focuses on companies with established operations across a range of industries. Its investment strategy is designed to provide businesses with capital for acquisitions, recapitalizations, growth initiatives, refinancings and other general corporate purposes.

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