SLR Investment (NASDAQ:SLRC) Price Target Cut to $12.00 by Analysts at Wells Fargo & Company

SLR Investment (NASDAQ:SLRC - Free Report) had its price target reduced by Wells Fargo & Company from $13.00 to $12.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an underweight rating on the financial services provider's stock.

SLRC has been the topic of a number of other reports. JPMorgan Chase & Co. cut their price target on SLR Investment from $16.50 to $15.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. Keefe, Bruyette & Woods boosted their target price on SLR Investment from $16.00 to $17.00 and gave the stock a "market perform" rating in a research note on Tuesday, March 4th. Finally, Compass Point upped their price target on SLR Investment from $16.50 to $17.25 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $15.65.

SLR Investment Trading Up 2.2 %

Shares of NASDAQ:SLRC traded up $0.34 during midday trading on Monday, reaching $15.65. 181,457 shares of the company's stock were exchanged, compared to its average volume of 163,585. The stock has a market cap of $853.86 million, a price-to-earnings ratio of 8.84 and a beta of 0.90. SLR Investment has a fifty-two week low of $13.64 and a fifty-two week high of $17.94. The firm's 50 day simple moving average is $16.25 and its two-hundred day simple moving average is $16.36. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06.

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

SLR Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 10.48%. The ex-dividend date was Friday, March 14th. SLR Investment's payout ratio is currently 93.71%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SLRC. Tower Research Capital LLC TRC grew its position in shares of SLR Investment by 1,642.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,398 shares of the financial services provider's stock worth $55,000 after acquiring an additional 3,203 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in SLR Investment during the 4th quarter worth $58,000. Westend Capital Management LLC grew its position in SLR Investment by 71.3% during the 4th quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider's stock worth $120,000 after purchasing an additional 3,082 shares during the last quarter. XTX Topco Ltd acquired a new position in SLR Investment in the fourth quarter valued at $191,000. Finally, Wells Fargo & Company MN raised its holdings in shares of SLR Investment by 39.8% in the fourth quarter. Wells Fargo & Company MN now owns 12,480 shares of the financial services provider's stock valued at $202,000 after buying an additional 3,551 shares during the last quarter. 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.