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. 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

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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)

This instant news alert is generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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