SLR Investment (NASDAQ:SLRC) Reaches New 52-Week Low – What’s Next?

SLR Investment Corp. (NASDAQ:SLRC)’s share price hit a new 52-week low during mid-day trading on Monday. The company traded as low as $11.18 and last traded at $11.1610, with a volume of 47,925 shares changing hands. The stock had previously closed at $11.38.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SLRC shares. B. Riley Financial cut shares of SLR Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Weiss Ratings lowered shares of SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Wall Street Zen cut shares of SLR Investment from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research raised shares of SLR Investment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. decreased their price target 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. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, SLR Investment presently has an average rating of “Hold” and a consensus target price of $14.10.

SLR Investment Stock Performance

The company has a market capitalization of $609.16 million, a PE ratio of 8.29 and a beta of 0.69. The company has a 50 day moving average of $12.16 and a two-hundred day moving average of $13.05. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 1.09.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. The firm had revenue of $20.50 million for the quarter, compared to analysts’ expectations of $48.82 million. SLR Investment had a net margin of 35.20% and a return on equity of 7.96%. As a group, equities research analysts predict that SLR Investment Corp. will post 1.31 earnings per share for the current year.

SLR Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 11.1%. The ex-dividend date of this dividend was Friday, September 11th. SLR Investment’s dividend payout ratio (DPR) is 91.85%.

Insider Buying and Selling

In other SLR Investment news, insider Michael Gross acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were acquired at an average price of $12.35 per share, with a total value of $247,000.00. Following the completion of the purchase, the insider directly owned 4,065,153 shares of the company’s stock, valued at approximately $50,204,639.55. The trade was a 0.49% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.10% of the stock is owned by insiders.

Institutional Trading of SLR Investment

Hedge funds have recently made changes to their positions in the stock. N.E.W. Advisory Services LLC purchased a new stake in shares of SLR Investment in the 2nd quarter worth approximately $28,000. Ascentis Independent Advisors bought a new stake in SLR Investment in the first quarter worth $69,000. Rockefeller Capital Management L.P. boosted its holdings in SLR Investment by 211.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 6,325 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 4,292 shares in the last quarter. Allworth Financial LP bought a new position in shares of SLR Investment during the second quarter valued at $93,000. Finally, Nicholas Hoffman & Company LLC. purchased a new position in shares of SLR Investment in the 1st quarter worth about $143,000. 35.32% of the stock is owned by institutional investors.

About SLR Investment

SLR Investment Corp. (NASDAQ: SLRC) is a closed-end business development company that provides financing to middle-market companies. The company primarily invests in privately held businesses through senior secured loans, including first-lien and unitranche loans, and may also make subordinated debt and equity investments.

SLR Investment focuses on companies with established operations across a range of industries. Its investment strategy is designed to provide businesses with capital for acquisitions, recapitalizations, growth initiatives, refinancings and other general corporate purposes.