SLR Investment (NASDAQ:SLRC) Price Target Raised to $17.00 at Keefe, Bruyette & Woods

SLR Investment (NASDAQ:SLRC - Free Report) had its price objective raised by Keefe, Bruyette & Woods from $16.00 to $17.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a market perform rating on the financial services provider's stock.

Separately, Wells Fargo & Company raised their price target on SLR Investment from $12.50 to $13.00 and gave the stock an "underweight" rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $15.50.

SLR Investment Stock Performance

SLR Investment stock traded up $0.36 during mid-day trading on Tuesday, reaching $17.82. The company's stock had a trading volume of 198,671 shares, compared to its average volume of 156,268. The firm has a market cap of $972.26 million, a price-to-earnings ratio of 10.07 and a beta of 1.14. SLR Investment has a twelve month low of $14.41 and a twelve month high of $17.85. The business has a 50 day moving average price of $16.92 and a 200-day moving average price of $16.14. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11.

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SLR Investment (NASDAQ:SLRC - Get Free Report) last announced its quarterly earnings data 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. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. The business had revenue of $55.58 million during the quarter, compared to the consensus estimate of $57.08 million. Sell-side analysts predict that SLR Investment will post 1.76 EPS for the current fiscal year.

SLR Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.64 annualized dividend and a dividend yield of 9.20%. SLR Investment's payout ratio is currently 93.71%.

Hedge Funds Weigh In On SLR Investment

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its position 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 valued at $55,000 after acquiring an additional 3,203 shares during the period. BNP Paribas Financial Markets bought a new position in shares of SLR Investment in the fourth quarter worth $58,000. Quantbot Technologies LP acquired a new position in shares of SLR Investment during the third quarter valued at $90,000. Westend Capital Management LLC raised its stake 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 valued at $120,000 after purchasing an additional 3,082 shares in the last quarter. Finally, Creative Planning bought a new position in SLR Investment in the 3rd quarter valued at about $170,000. 35.32% of the stock is currently owned by institutional investors and hedge funds.

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.