SLR Investment Corp. (NASDAQ:SLRC) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts rate SLR Investment “Hold” overall: Of eight covering firms, two recommend selling, four recommend holding and two recommend buying. The average 12-month price target is $14.10.
• SLRC shares opened at $12.67, down 1.7%, with the stock trading below its 50-day and 200-day moving averages. The company reported quarterly EPS of $0.33, matching estimates, but revenue of $20.50 million fell well short of the $48.82 million forecast.
• SLR Investment declared a $0.31 quarterly dividend, equivalent to $1.24 annually and a 9.8% yield, though its payout ratio is high at 91.85%.

SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) has been given a consensus rating of "Hold" by the eight research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $14.10.

A number of research analysts have recently commented on the stock. Weiss Ratings cut shares of SLR Investment from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, July 28th. B. Riley Financial lowered SLR Investment from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded shares of SLR Investment from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Zacks Research raised SLR Investment from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 11th. Finally, Wells Fargo & Company reduced their price target on SLR Investment from $12.00 to $11.00 and set an "underweight" rating on the stock in a report on Thursday, May 7th.

SLR Investment Stock Down 1.7%

Shares of SLRC stock opened at $12.67 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $691.28 million, a price-to-earnings ratio of 9.39 and a beta of 0.64. SLR Investment has a one year low of $12.13 and a one year high of $16.83. The company's fifty day moving average price is $12.77 and its 200-day moving average price is $13.85.

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

SLR Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 annualized dividend and a yield of 9.8%. SLR Investment's dividend payout ratio is presently 91.85%.

Institutional Trading of SLR Investment

Several hedge funds have recently added to or reduced their stakes in SLRC. Legal & General Group Plc acquired a new stake in shares of SLR Investment during the 2nd quarter worth about $5,516,000. Ensign Peak Advisors Inc purchased a new position in shares of SLR Investment during the 4th quarter worth approximately $5,411,000. Clear Harbor Asset Management LLC purchased a new position in SLR Investment in the second quarter worth $4,205,000. Closed End Fund Advisors Inc. purchased a new stake in shares of SLR Investment during the 4th quarter worth $4,033,000. Finally, BlackRock Inc. acquired a new stake in shares of SLR Investment in the second quarter valued at about $2,513,000. Institutional investors and hedge funds own 35.32% of the company's stock.

About SLR Investment

SLR Investment Corp. NASDAQ: SLRC is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.

SLR Investment Corp.

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