SLR Investment Corp. (NASDAQ:SLRC) Given Consensus Recommendation of “Hold” by Brokerages

SLR Investment Corp. (NASDAQ:SLRC) has been assigned a consensus rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $16.0357.

Several research analysts have commented on the company. Wall Street Zen raised SLR Investment from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Keefe, Bruyette & Woods cut their price target on SLR Investment from $17.00 to $16.50 and set a “market perform” rating for the company in a report on Tuesday, November 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of SLR Investment in a research note on Monday, December 29th.

SLR Investment Stock Performance

Shares of SLR Investment stock opened at $14.96 on Friday. SLR Investment has a 12-month low of $13.64 and a 12-month high of $17.94. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.15. The stock has a 50 day moving average price of $15.50 and a two-hundred day moving average price of $15.66.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). The firm had revenue of $56.99 million for the quarter, compared to the consensus estimate of $56.33 million. SLR Investment had a return on equity of 8.98% and a net margin of 41.00%. As a group, equities analysts predict that SLR Investment will post 1.76 EPS for the current year.

SLR Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.64 dividend on an annualized basis and a yield of 11.0%. SLR Investment’s payout ratio is presently 99.39%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SLRC. Franklin Resources Inc. grew its holdings in shares of SLR Investment by 1,413.2% in the 2nd quarter. Franklin Resources Inc. now owns 354,701 shares of the financial services provider’s stock worth $5,725,000 after purchasing an additional 331,260 shares during the last quarter. Millennium Management LLC acquired a new stake in SLR Investment in the 3rd quarter valued at about $2,650,000. Muzinich & Co. Inc. raised its stake in shares of SLR Investment by 37.4% in the fourth quarter. Muzinich & Co. Inc. now owns 534,336 shares of the financial services provider’s stock worth $8,261,000 after acquiring an additional 145,323 shares during the last quarter. Triad Investment Management bought a new position in SLR Investment in the 4th quarter worth approximately $1,930,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in SLR Investment by 58.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 330,038 shares of the financial services provider’s stock worth $5,046,000 after buying an additional 121,432 shares in the last quarter. 35.32% of the stock is currently owned by institutional investors and hedge funds.

SLR Investment Company Profile

SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.

SLR Investment Corp.