SLR Investment Corp. (NASDAQ:SLRC) Given Average Recommendation of "Hold" by Brokerages

Key Points

• SLR Investment Corp. has received an average recommendation of "Hold" from seven research firms, with a price target averaging $16.25.
• The company recently declared a quarterly dividend of $0.41 per share, resulting in an annualized yield of 10.6%.
• SLR Investment reported $0.40 earnings per share for the last quarter, falling short of analyst estimates, despite strong revenue results of $53.91 million.

SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) has received an average recommendation of "Hold" from the seven research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $16.25.

A number of research analysts recently commented on SLRC shares. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $13.00 price target (up previously from $12.00) on shares of SLR Investment in a research note on Tuesday, August 12th. JPMorgan Chase & Co. boosted their price target on SLR Investment from $15.00 to $16.00 and gave the company an "underweight" rating in a research note on Thursday, August 7th.

SLR Investment Stock Down 0.6%

SLRC opened at $15.44 on Friday. SLR Investment has a fifty-two week low of $13.64 and a fifty-two week high of $17.94. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $842.41 million, a P/E ratio of 9.53 and a beta of 0.74. The stock has a fifty day moving average of $16.28 and a 200-day moving average of $16.21.

SLR Investment (NASDAQ:SLRC - Get Free Report) last posted its earnings results on Tuesday, August 5th. The financial services provider reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.01). The firm had revenue of $53.91 million for the quarter, compared to analyst estimates of $53.38 million. SLR Investment had a return on equity of 9.26% and a net margin of 39.93%. On average, equities analysts expect that SLR Investment will post 1.76 EPS for the current year.

SLR Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend was Friday, September 12th. SLR Investment's payout ratio is 101.23%.

Insider Buying and Selling

In other SLR Investment news, Director Andrea Colvin Roberts bought 7,190 shares of the stock in a transaction on Tuesday, September 9th. The stock was purchased at an average price of $16.73 per share, with a total value of $120,288.70. Following the completion of the purchase, the director owned 7,190 shares in the company, valued at $120,288.70. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 8.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. N.E.W. Advisory Services LLC acquired a new position in SLR Investment during the first quarter worth about $31,000. BNP Paribas Financial Markets acquired a new position in SLR Investment during the fourth quarter worth about $58,000. Allworth Financial LP acquired a new position in SLR Investment during the second quarter worth about $121,000. Westend Capital Management LLC raised its stake in SLR Investment by 9.4% during the first quarter. Westend Capital Management LLC now owns 8,099 shares of the financial services provider's stock worth $137,000 after acquiring an additional 693 shares in the last quarter. Finally, PharVision Advisers LLC acquired a new position in SLR Investment during the second quarter worth about $176,000. Institutional investors and hedge funds own 35.32% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.