Brokerages Set SLR Investment Corp. (NASDAQ:SLRC) Target Price at $14.88

Shares of SLR Investment Corp. (NASDAQ:SLRC) have been assigned an average rating of “Reduce” from the five brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $14.88.

SLRC has been the subject of several research analyst reports. B. Riley reaffirmed a “neutral” rating and set a $17.00 price target (up previously from $16.00) on shares of SLR Investment in a research note on Friday, May 10th. Keefe, Bruyette & Woods upped their target price on SLR Investment from $15.50 to $16.00 and gave the stock a “market perform” rating in a report on Thursday, May 23rd.

Insider Activity

In related news, Director Andrea Colvin Roberts acquired 25,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average cost of $15.98 per share, for a total transaction of $399,500.00. Following the purchase, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $399,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SLRC. Westend Capital Management LLC acquired a new stake in SLR Investment in the first quarter valued at approximately $74,000. Oxford Asset Management LLP purchased a new position in SLR Investment during the 4th quarter worth $191,000. Virtu Financial LLC acquired a new position in SLR Investment during the 4th quarter valued at about $195,000. Raymond James Financial Services Advisors Inc. raised its stake in SLR Investment by 22.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,748 shares of the financial services provider’s stock valued at $252,000 after buying an additional 3,081 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its holdings in SLR Investment by 7.1% in the fourth quarter. Natixis Advisors L.P. now owns 17,418 shares of the financial services provider’s stock worth $261,000 after acquiring an additional 1,154 shares in the last quarter. Hedge funds and other institutional investors own 35.32% of the company’s stock.

SLR Investment Price Performance

SLRC opened at $16.08 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.17. The business has a fifty day moving average of $16.12 and a 200 day moving average of $15.49. SLR Investment has a 52-week low of $13.93 and a 52-week high of $16.77. The stock has a market cap of $877.32 million, a P/E ratio of 9.03 and a beta of 1.13.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. SLR Investment had a net margin of 41.66% and a return on equity of 9.51%. The firm had revenue of $58.10 million for the quarter, compared to analysts’ expectations of $58.96 million. As a group, sell-side analysts anticipate that SLR Investment will post 1.74 EPS for the current year.

SLR Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.64 dividend on an annualized basis and a yield of 10.20%. SLR Investment’s dividend payout ratio is currently 92.13%.

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.