SLR Investment Corp. (NASDAQ:SLRC) Given Average Rating of "Reduce" by Analysts

Shares of SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) have received an average rating of "Reduce" from the four brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $14.25.

A number of research firms have recently issued reports on SLRC. B. Riley lifted their price objective on shares of SLR Investment from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, February 29th. JPMorgan Chase & Co. reduced their price objective on shares of SLR Investment from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, February 29th.

Insider Activity

In other SLR Investment news, insider Michael S. Gross purchased 46,700 shares of the stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $15.44 per share, with a total value of $721,048.00. Following the completion of the transaction, the insider now directly owns 3,735,524 shares in the company, valued at $57,676,490.56. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Michael S. Gross purchased 22,636 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The shares were acquired at an average price of $15.74 per share, for a total transaction of $356,290.64. Following the purchase, the insider now owns 3,804,860 shares in the company, valued at $59,888,496.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael S. Gross acquired 46,700 shares of the business's stock in a transaction on Wednesday, March 6th. The shares were bought at an average price of $15.44 per share, with a total value of $721,048.00. Following the completion of the transaction, the insider now directly owns 3,735,524 shares of the company's stock, valued at $57,676,490.56. The disclosure for this purchase can be found here. Insiders bought a total of 109,336 shares of company stock valued at $1,680,539 in the last quarter. Company insiders own 8.20% of the company's stock.

Hedge Funds Weigh In On SLR Investment

Hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. bought a new position in SLR Investment during the 1st quarter worth $197,000. PNC Financial Services Group Inc. increased its position in shares of SLR Investment by 140.3% in the first quarter. PNC Financial Services Group Inc. now owns 31,959 shares of the financial services provider's stock worth $580,000 after purchasing an additional 18,660 shares during the period. Blair William & Co. IL raised its stake in SLR Investment by 38.7% in the first quarter. Blair William & Co. IL now owns 73,606 shares of the financial services provider's stock valued at $1,334,000 after purchasing an additional 20,529 shares in the last quarter. Sei Investments Co. lifted its position in SLR Investment by 2.1% during the first quarter. Sei Investments Co. now owns 302,464 shares of the financial services provider's stock worth $5,483,000 after purchasing an additional 6,102 shares during the period. Finally, Mackenzie Financial Corp grew its stake in SLR Investment by 15.4% during the first quarter. Mackenzie Financial Corp now owns 85,653 shares of the financial services provider's stock worth $1,553,000 after buying an additional 11,434 shares in the last quarter. 35.32% of the stock is owned by institutional investors.

SLR Investment Stock Up 1.0 %

SLRC stock traded up $0.15 during trading hours on Friday, reaching $15.13. 115,699 shares of the stock were exchanged, compared to its average volume of 187,957. The firm's 50-day moving average is $15.10 and its 200-day moving average is $15.03. SLR Investment has a 12 month low of $13.48 and a 12 month high of $15.86. The company has a market cap of $825.42 million, a price-to-earnings ratio of 10.81 and a beta of 1.11. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.03 and a quick ratio of 1.03.

SLR Investment (NASDAQ:SLRC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. SLR Investment had a return on equity of 9.36% and a net margin of 33.31%. The business had revenue of $59.79 million during the quarter, compared to the consensus estimate of $59.00 million. On average, equities research analysts expect that SLR Investment will post 1.73 earnings per share for the current year.

SLR Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 10.84%. The ex-dividend date was Wednesday, March 13th. SLR Investment's dividend payout ratio is currently 117.14%.

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.