Brokerages Set SLR Investment Corp. (NASDAQ:SLRC) PT at $15.65

Shares of SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) have been assigned an average recommendation of "Reduce" from the five ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $15.65.

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on SLR Investment from $16.50 to $15.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company decreased their target price on shares of SLR Investment from $13.00 to $12.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods upped their price target on shares of SLR Investment from $16.00 to $17.00 and gave the stock a "market perform" rating in a research report on Tuesday, March 4th. Finally, Compass Point lifted their price target on shares of SLR Investment from $16.50 to $17.25 and gave the company a "neutral" rating in a report on Tuesday, March 11th.

SLR Investment Price Performance

Shares of SLRC traded down $0.27 during mid-day trading on Wednesday, reaching $15.38. 33,536 shares of the company's stock were exchanged, compared to its average volume of 191,668. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11. SLR Investment has a 52-week low of $13.64 and a 52-week high of $17.94. The company has a market cap of $839.13 million, a price-to-earnings ratio of 8.69 and a beta of 0.90. The company has a 50-day simple moving average of $16.25 and a two-hundred day simple moving average of $16.37.

SLR Investment (NASDAQ:SLRC - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. The company had revenue of $55.58 million for the quarter, compared to analysts' expectations of $57.08 million. On average, sell-side analysts predict that SLR Investment will post 1.76 EPS for the current fiscal year.

SLR Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.64 annualized dividend and a dividend yield of 10.66%. SLR Investment's payout ratio is currently 93.71%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Muzinich & Co. Inc. grew its stake in SLR Investment by 22.7% during the 1st quarter. Muzinich & Co. Inc. now owns 178,095 shares of the financial services provider's stock valued at $3,003,000 after purchasing an additional 32,971 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in shares of SLR Investment during the first quarter valued at approximately $286,000. MQS Management LLC acquired a new stake in SLR Investment in the 1st quarter valued at about $570,000. Pekin Hardy Strauss Inc. grew its holdings in shares of SLR Investment by 6.7% in the 1st quarter. Pekin Hardy Strauss Inc. now owns 98,535 shares of the financial services provider's stock worth $1,661,000 after acquiring an additional 6,200 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in SLR Investment during the 1st quarter worth about $293,000. 35.32% of the stock is currently owned by hedge funds and other institutional investors.

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.