Analysts Set SLR Investment Corp. (NASDAQ:SLRC) Price Target at $14.25

Shares of SLR Investment Corp. (NASDAQ:SLRC) have earned an average rating of “Reduce” from the four research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.25.

Several brokerages recently commented on SLRC. B. Riley upped their price target on shares of SLR Investment from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. dropped their price objective on shares of SLR Investment from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th.

SLR Investment Stock Performance

NASDAQ:SLRC opened at $15.41 on Friday. The firm has a 50 day simple moving average of $15.10 and a 200-day simple moving average of $15.04. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $840.77 million, a PE ratio of 11.01 and a beta of 1.11. SLR Investment has a 1-year low of $13.48 and a 1-year high of $15.86.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. SLR Investment had a net margin of 33.31% and a return on equity of 9.36%. The firm had revenue of $59.79 million during the quarter, compared to analyst estimates of $59.00 million. On average, equities analysts expect that SLR Investment will post 1.73 EPS for the current year.

SLR Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.41 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.64 annualized dividend and a dividend yield of 10.64%. SLR Investment’s dividend payout ratio (DPR) is presently 117.14%.

Insider Activity

In other news, insider Michael S. Gross bought 40,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of $15.08 per share, for a total transaction of $603,200.00. Following the completion of the purchase, the insider now owns 3,642,124 shares of the company’s stock, valued at $54,923,229.92. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Michael S. Gross acquired 22,636 shares of SLR Investment stock in a transaction on Friday, March 8th. The shares were purchased at an average cost of $15.74 per share, for a total transaction of $356,290.64. Following the purchase, the insider now directly owns 3,804,860 shares of the company’s stock, valued at approximately $59,888,496.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael S. Gross acquired 40,000 shares of SLR Investment stock in a transaction on Monday, March 4th. The shares were bought at an average price of $15.08 per share, for a total transaction of $603,200.00. Following the completion of the purchase, the insider now directly owns 3,642,124 shares in the company, valued at $54,923,229.92. The disclosure for this purchase can be found here. Over the last three months, insiders bought 109,336 shares of company stock worth $1,680,539. 8.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SLRC. International Assets Investment Management LLC bought a new position in SLR Investment during the 3rd quarter valued at $28,000. SG Americas Securities LLC acquired a new stake in shares of SLR Investment during the third quarter worth $143,000. All Season Financial Advisors Inc. raised its holdings in shares of SLR Investment by 5.2% during the third quarter. All Season Financial Advisors Inc. now owns 25,868 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 1,274 shares during the period. Raymond James & Associates raised its holdings in shares of SLR Investment by 15.7% during the third quarter. Raymond James & Associates now owns 79,696 shares of the financial services provider’s stock worth $1,227,000 after purchasing an additional 10,829 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of SLR Investment by 10.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 13,667 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 1,295 shares during the period. 35.32% of the stock is currently owned by institutional investors.

SLR Investment Company Profile

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.