Keefe, Bruyette & Woods Cuts SLR Investment (NASDAQ:SLRC) Price Target to $15.00

SLR Investment (NASDAQ:SLRC) had its price target decreased by Keefe, Bruyette & Woods from $16.50 to $15.00 in a research note published on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

A number of other equities analysts have also issued reports on SLRC. Weiss Ratings restated a “hold (c+)” rating on shares of SLR Investment in a research report on Monday, December 29th. Compass Point upgraded shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price target for the company in a research report on Tuesday, March 10th. Raymond James Financial set a $16.00 price target on shares of SLR Investment and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. lowered their price objective on shares of SLR Investment from $15.00 to $14.00 and set an “underweight” rating on the stock in a research report on Friday, March 13th. Finally, Wells Fargo & Company dropped their price objective on shares of SLR Investment from $13.00 to $12.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, SLR Investment has an average rating of “Hold” and an average price target of $15.29.

SLR Investment Stock Down 0.3%

SLR Investment stock opened at $14.27 on Monday. The company has a market capitalization of $778.57 million, a P/E ratio of 8.39 and a beta of 0.68. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.04 and a current ratio of 1.04. SLR Investment has a fifty-two week low of $13.64 and a fifty-two week high of $17.19. The stock has a 50-day simple moving average of $14.68 and a 200-day simple moving average of $15.10.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings results on Tuesday, February 24th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. The firm had revenue of $54.46 million for the quarter, compared to the consensus estimate of $54.97 million. SLR Investment had a return on equity of 8.76% and a net margin of 42.34%. Equities research analysts expect that SLR Investment will post 1.76 earnings per share for the current year.

SLR Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.64 annualized dividend and a dividend yield of 11.5%. SLR Investment’s dividend payout ratio (DPR) is currently 96.47%.

Insiders Place Their Bets

In other news, insider Michael S. Gross acquired 25,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of $13.91 per share, for a total transaction of $347,750.00. Following the transaction, the insider directly owned 4,014,701 shares in the company, valued at approximately $55,844,490.91. This represents a 0.63% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 8.80% of the stock is currently owned by company insiders.

Institutional Trading of SLR Investment

Several hedge funds have recently made changes to their positions in the company. Kelleher Financial Advisors acquired a new position in shares of SLR Investment during the fourth quarter worth about $26,000. BNP Paribas Financial Markets lifted its position in SLR Investment by 1,389.8% in the third quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,640 shares during the period. CWM LLC lifted its position in SLR Investment by 215.6% in the third quarter. CWM LLC now owns 2,367 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,617 shares during the period. State of Alaska Department of Revenue purchased a new stake in SLR Investment in the 3rd quarter valued at approximately $38,000. Finally, International Assets Investment Management LLC acquired a new position in SLR Investment during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

SLR Investment Company Profile

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.