SLR Investment Corp. (NASDAQ:SLRC) Given Average Rating of “Hold” by Brokerages

SLR Investment Corp. (NASDAQ:SLRC) has been given an average rating of “Hold” by the eight research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $14.10.

A number of brokerages have commented on SLRC. Wall Street Zen downgraded shares of SLR Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Wells Fargo & Company cut their price objective on shares of SLR Investment from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. 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 note on Thursday, July 2nd. Zacks Research raised shares of SLR Investment from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, B. Riley Financial lowered SLR Investment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th.

SLR Investment Trading Up 0.6%

Shares of SLR Investment stock opened at $12.71 on Tuesday. The company has a market capitalization of $693.39 million, a P/E ratio of 9.41 and a beta of 0.64. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.09. The company has a fifty day moving average of $12.75 and a 200 day moving average of $13.77. SLR Investment has a fifty-two week low of $12.13 and a fifty-two week high of $16.83.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. The firm had revenue of $20.50 million during the quarter, compared to analyst estimates of $48.82 million. SLR Investment had a return on equity of 7.96% and a net margin of 35.20%. On average, sell-side analysts anticipate that SLR Investment will post 1.31 earnings per share for the current fiscal year.

SLR Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a $0.31 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.8%. SLR Investment’s dividend payout ratio is presently 91.85%.

Institutional Trading of SLR Investment

Several institutional investors have recently bought and sold shares of the business. Legal & General Group Plc purchased a new stake in shares of SLR Investment in the 2nd quarter valued at approximately $5,516,000. Ensign Peak Advisors Inc purchased a new stake in shares of SLR Investment during the 4th quarter valued at approximately $5,411,000. Clear Harbor Asset Management LLC acquired a new position in SLR Investment in the second quarter valued at approximately $4,205,000. Closed End Fund Advisors Inc. acquired a new position in SLR Investment in the fourth quarter valued at approximately $4,033,000. Finally, Van ECK Associates Corp grew its position in SLR Investment by 24.8% in the second quarter. Van ECK Associates Corp now owns 1,104,114 shares of the financial services provider’s stock worth $13,658,000 after acquiring an additional 219,110 shares during the period. 35.32% of the stock is owned by institutional investors and hedge funds.

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.