Brokerages Set SLR Investment Corp. (NASDAQ:SLRC) Price Target at $15.96

SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) has earned an average rating of "Hold" from the seven brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $15.96.

Several equities analysts have recently commented on SLRC shares. B. Riley started coverage on shares of SLR Investment in a research report on Tuesday, May 13th. They set a "buy" rating and a $17.00 price target for the company. Compass Point upped their price objective on shares of SLR Investment from $16.50 to $17.25 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Wells Fargo & Company reduced their price objective on shares of SLR Investment from $13.00 to $12.00 and set an "underweight" rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods upped their price objective on shares of SLR Investment from $16.00 to $17.00 and gave the stock a "market perform" rating in a report on Tuesday, March 4th. Finally, LADENBURG THALM/SH SH raised shares of SLR Investment from a "neutral" rating to a "buy" rating and set a $16.50 price objective for the company in a report on Monday, May 12th.

Institutional Investors Weigh In On SLR Investment

Institutional investors and hedge funds have recently bought and sold shares of the business. N.E.W. Advisory Services LLC acquired a new stake in SLR Investment in the 1st quarter valued at about $31,000. Tower Research Capital LLC TRC lifted its holdings in SLR Investment by 1,642.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,398 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 3,203 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in SLR Investment in the 4th quarter valued at about $58,000. Westend Capital Management LLC lifted its holdings in SLR Investment by 9.4% in the 1st quarter. Westend Capital Management LLC now owns 8,099 shares of the financial services provider's stock valued at $137,000 after acquiring an additional 693 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in SLR Investment in the 4th quarter valued at about $191,000. 35.32% of the stock is owned by institutional investors and hedge funds.

SLR Investment Stock Performance

Shares of SLR Investment stock traded up $0.14 during trading on Friday, hitting $16.74. 84,565 shares of the stock were exchanged, compared to its average volume of 164,867. The stock's fifty day moving average is $15.86 and its 200 day moving average is $16.46. The stock has a market cap of $913.33 million, a PE ratio of 9.46 and a beta of 0.75. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. SLR Investment has a 12 month low of $13.64 and a 12 month high of $17.94.

SLR Investment (NASDAQ:SLRC - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. The business had revenue of $53.18 million during the quarter, compared to analyst estimates of $53.43 million. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. As a group, sell-side analysts anticipate that SLR Investment will post 1.76 EPS for the current year.

SLR Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 9.80%. The ex-dividend date is Friday, June 13th. SLR Investment's payout ratio is 101.86%.

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.