SLR Investment Corp. (NASDAQ:SLRC) Receives $15.96 Average Target Price from Analysts

SLR Investment Corp. (NASDAQ:SLRCGet Free Report) has earned a consensus rating of “Hold” from the seven analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $15.96.

A number of analysts recently weighed in on SLRC shares. LADENBURG THALM/SH SH upgraded shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price target for the company in a research note on Monday, May 12th. Wells Fargo & Company decreased their price objective on SLR Investment from $13.00 to $12.00 and set an “underweight” rating for the company in a research report on Monday, April 28th. Compass Point increased their price target on SLR Investment from $16.50 to $17.25 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Keefe, Bruyette & Woods increased their price target on SLR Investment from $16.00 to $17.00 and gave the stock a “market perform” rating in a report on Tuesday, March 4th. Finally, B. Riley initiated coverage on SLR Investment in a report on Tuesday, May 13th. They set a “buy” rating and a $17.00 price target for the company.

Read Our Latest Stock Analysis on SLRC

Institutional Trading of SLR Investment

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC raised its stake in shares of SLR Investment by 173.3% during the 1st quarter. Acadian Asset Management LLC now owns 16,702 shares of the financial services provider’s stock worth $280,000 after buying an additional 10,591 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of SLR Investment by 159.1% in the 1st quarter. NewEdge Advisors LLC now owns 90,037 shares of the financial services provider’s stock worth $1,518,000 after buying an additional 55,284 shares during the period. Advisors Asset Management Inc. raised its stake in shares of SLR Investment by 13.0% in the 1st quarter. Advisors Asset Management Inc. now owns 108,779 shares of the financial services provider’s stock valued at $1,834,000 after acquiring an additional 12,535 shares during the period. Trexquant Investment LP raised its holdings in shares of SLR Investment by 18.2% during the 1st quarter. Trexquant Investment LP now owns 208,355 shares of the financial services provider’s stock valued at $3,513,000 after buying an additional 32,024 shares during the period. Finally, Raymond James Financial Inc. increased its stake in SLR Investment by 12.3% during the 1st quarter. Raymond James Financial Inc. now owns 317,325 shares of the financial services provider’s stock worth $5,350,000 after buying an additional 34,813 shares during the period. Institutional investors and hedge funds own 35.32% of the company’s stock.

SLR Investment Trading Up 1.6%

NASDAQ:SLRC opened at $16.69 on Friday. The stock has a 50-day simple moving average of $15.88 and a 200-day simple moving average of $16.45. The stock has a market cap of $910.61 million, a P/E ratio of 9.43 and a beta of 0.75. SLR Investment has a 1 year low of $13.64 and a 1 year high of $17.94. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06.

SLR Investment (NASDAQ:SLRCGet Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The firm had revenue of $53.18 million during the quarter, compared to the consensus estimate of $53.43 million. As a group, analysts anticipate that SLR Investment will post 1.76 earnings per share for the current fiscal year.

SLR Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.64 annualized dividend and a dividend yield of 9.83%. SLR Investment’s dividend payout ratio is currently 101.86%.

SLR Investment Company Profile

(Get Free Report

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.

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Analyst Recommendations for SLR Investment (NASDAQ:SLRC)

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