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

SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) has received a consensus rating of "Reduce" from the five analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $15.85.

SLRC has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their target price on shares of SLR Investment from $16.00 to $17.00 and gave the stock a "market perform" rating in a research note on Tuesday, March 4th. Compass Point boosted their price objective on SLR Investment from $16.50 to $17.25 and gave the stock a "neutral" rating in a research report on Tuesday.

SLR Investment Price Performance

Shares of NASDAQ SLRC traded down $0.43 during trading hours on Tuesday, hitting $16.89. 259,513 shares of the stock were exchanged, compared to its average volume of 156,841. The company's fifty day simple moving average is $17.02 and its two-hundred day simple moving average is $16.21. The company has a market cap of $921.52 million, a PE ratio of 9.54 and a beta of 1.13. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. SLR Investment has a 1-year low of $14.41 and a 1-year high of $17.94.

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SLR Investment (NASDAQ:SLRC - Get Free Report) last posted its earnings results on Tuesday, February 25th. The financial services provider reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The firm 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%. On average, sell-side analysts predict that SLR Investment will post 1.76 EPS for the current year.

SLR Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 9.71%. The ex-dividend date of this dividend is Friday, March 14th. SLR Investment's dividend payout ratio is currently 93.71%.

Institutional Investors Weigh In On SLR Investment

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its holdings in SLR Investment by 1,642.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,398 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 3,203 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of SLR Investment in the 4th quarter worth approximately $58,000. Quantbot Technologies LP acquired a new stake in shares of SLR Investment during the third quarter worth $90,000. Westend Capital Management LLC raised its stake in 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 buying an additional 3,082 shares during the last quarter. Finally, Creative Planning bought a new position in SLR Investment during the third quarter worth $170,000. Institutional investors and hedge funds own 35.32% of the company's stock.

About SLR Investment

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.