SLR Investment Corp. (NASDAQ:SLRC) At an average recommendation of “Hold” by analysts

Shares of SLR Investment Corp. (NASDAQ:SLRC – Get Rating ) has received a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $18.08.

A number of analysts recently commented on SLRC shares. Keefe, Bruyette & Woods downgraded SLR Investment from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $18.50 to $16.50 in a report on Monday, July 11th. StockNews.com downgraded SLR Investment from a “hold” rating to a “sell” rating in a report on Monday, July 4th. Wells Fargo & Company decreased their target price on SLR Investment from $17.25 to $16.00 and set an “equal weight” rating for the company in a report on Monday, April 25th. Maxim Group started coverage on SLR Investment in a report on Monday, April 25th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Hovde Group reduced their target price on SLR Investment to $16.00 in a report on Friday, May 20th.

Hedge funds weight investments in SLR

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A number of large investors have recently bought and sold shares of SLRC. AllSquare Wealth Management LLC bought a new position in SLR Investment in the first quarter worth about $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in SLR Investment in the first quarter worth about $29,000. Allworth Financial LP bought a new position in SLR Investment in the first quarter worth about $30,000. ACG Wealth bought a new position in SLR Investment in the second quarter worth about $42,000. Finally, City State Bank bought a new position in SLR Investment in the fourth quarter worth about $60,000.

SLR investment trade up 0.9%

Shares of SLRC stock opened at $14.26 on Friday. The company has a market cap of $781.02 million, a price-to-earnings ratio of 15.17 and a beta of 1.12. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.98. The business has a fifty day simple moving average of $15.14 and a 200 day simple moving average of $17.02. SLR Investment has a 52-week low of $14.03 and a 52-week high of $20.05.

SLR Investment (NASDAQ:SLRC – Get Rating ) last posted its quarterly earnings data on Tuesday, May 3rd. The financial services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The firm had revenue of $33.01 million for the quarter, compared to analyst estimates of $36.95 million. SLR Investment had a return on equity of 7.11% and a net margin of 28.96%. On average, equities analysts expect that SLR Investment will post 1.43 EPS for the current year.

SLR Investments Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 2nd. Shareholders of record on Thursday, July 21st will be given a $0.137 dividend. The ex-dividend date is Wednesday, July 20th. This represents an annualized dividend of $1.64 and a yield of 11.53%. SLR Investment’s dividend payout ratio is currently 174.47%.

About SLR Investment

(Get Rating)

SLR Investment Corp. is a business development company specializing in secured debt (first lien and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control capital investments in middle market leveraged companies.

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Analyst Recommendations for Investing in SLR (NASDAQ:SLRC)

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