SLR Investment Corp. (NASDAQ:SLRC) Stock Has Consensus Target Price of $14.10

SLR Investment Corp. (NASDAQ:SLRC) has received a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $14.10.

A number of equities research analysts recently commented on SLRC shares. JPMorgan Chase & Co. reduced their price objective on shares of SLR Investment from $13.50 to $12.00 and set an “underweight” rating for the company in a research report on Thursday, July 2nd. B. Riley Financial cut SLR Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Wall Street Zen raised SLR Investment from a “sell” rating to a “hold” rating in a research note on Saturday, September 26th. Zacks Research raised SLR Investment from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings downgraded SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th.

SLR Investment Stock Down 1.1%

Shares of SLR Investment stock opened at $11.37 on Wednesday. The company has a market cap of $620.35 million, a P/E ratio of 8.42 and a beta of 0.69. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.09. SLR Investment has a one year low of $11.23 and a one year high of $16.36. The firm has a fifty day moving average of $12.31 and a two-hundred day moving average of $13.15.

SLR Investment (NASDAQ:SLRC) last released its earnings results on Tuesday, August 4th. The financial services provider reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. The company had revenue of $20.50 million during the quarter, compared to analysts’ expectations of $48.82 million. SLR Investment had a net margin of 35.20% and a return on equity of 7.96%. On average, analysts forecast that SLR Investment will post 1.31 earnings per share for the current year.

SLR Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a yield of 10.9%. SLR Investment’s dividend payout ratio (DPR) is 91.85%.

Insider Activity at SLR Investment

In related news, insider Michael Gross bought 20,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were bought at an average cost of $12.35 per share, for a total transaction of $247,000.00. Following the transaction, the insider owned 4,065,153 shares of the company’s stock, valued at approximately $50,204,639.55. This trade represents a 0.49% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.80% of the company’s stock.

Institutional Trading of SLR Investment

Several hedge funds and other institutional investors have recently made changes to their positions in SLRC. N.E.W. Advisory Services LLC purchased a new stake in SLR Investment during the second quarter worth about $28,000. Ascentis Independent Advisors purchased a new position in SLR Investment in the first quarter valued at about $69,000. Allworth Financial LP acquired a new stake in shares of SLR Investment during the 2nd quarter valued at approximately $93,000. Rockefeller Capital Management L.P. lifted its position in shares of SLR Investment by 211.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 6,325 shares of the financial services provider’s stock valued at $98,000 after acquiring an additional 4,292 shares during the period. Finally, Abel Hall LLC purchased a new stake in shares of SLR Investment during the 1st quarter worth approximately $143,000. 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 business development company that provides financing to middle-market companies. The company primarily invests in privately held businesses through senior secured loans, including first-lien and unitranche loans, and may also make subordinated debt and equity investments.

SLR Investment focuses on companies with established operations across a range of industries. Its investment strategy is designed to provide businesses with capital for acquisitions, recapitalizations, growth initiatives, refinancings and other general corporate purposes.