SLR Investment Corp. (NASDAQ:SLRC) Receives $15.85 Consensus Target Price from Analysts

SLR Investment Corp. (NASDAQ:SLRC) has earned an average recommendation of “Reduce” from the five research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $15.85.

Several equities analysts recently issued reports on SLRC shares. Keefe, Bruyette & Woods upped their target price on SLR Investment from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Tuesday, March 4th. Compass Point increased their price objective on SLR Investment from $16.50 to $17.25 and gave the company a “neutral” rating in a report on Tuesday, March 11th.

Hedge Funds Weigh In On SLR Investment

A number of institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised 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 worth $55,000 after purchasing an additional 3,203 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of SLR Investment during the fourth quarter worth about $58,000. Quantbot Technologies LP purchased a new position in SLR Investment in the third quarter valued at approximately $90,000. Westend Capital Management LLC grew its position in shares of SLR Investment by 71.3% during the fourth quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 3,082 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in SLR Investment in the 4th quarter valued at $191,000. Hedge funds and other institutional investors own 35.32% of the company’s stock.

SLR Investment Price Performance

Shares of SLRC stock opened at $14.64 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 1.11, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $798.76 million, a price-to-earnings ratio of 8.27 and a beta of 0.90. The stock’s 50-day simple moving average is $16.83 and its 200-day simple moving average is $16.32.

SLR Investment (NASDAQ:SLRC) last released its earnings results on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. The company had revenue of $55.58 million for the quarter, compared to the consensus estimate of $57.08 million. As a group, equities analysts forecast that SLR Investment will post 1.76 earnings per share for the current fiscal year.

SLR Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 11.20%. The ex-dividend date was Friday, March 14th. SLR Investment’s payout ratio is 93.71%.

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.