Brokerages Set SLR Investment Corp. (NASDAQ:SLRC) Target Price at $15.96

Shares of SLR Investment Corp. (NASDAQ:SLRC) have earned an average rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $15.96.

A number of equities analysts have issued reports on the stock. Compass Point raised their price target on shares of SLR Investment from $16.50 to $17.25 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Raymond James decreased their price objective on SLR Investment from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Friday, May 9th. Wells Fargo & Company reduced their price target 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. B. Riley began coverage on SLR Investment in a report on Tuesday, May 13th. They issued a “buy” rating and a $17.00 price target for the company. Finally, LADENBURG THALM/SH SH raised SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 target price for the company in a research note on Monday, May 12th.

Institutional Trading of SLR Investment

Several institutional investors have recently added to or reduced their stakes in the stock. HB Wealth Management LLC acquired a new position in SLR Investment during the 4th quarter worth $243,000. Flagship Harbor Advisors LLC grew its stake in SLR Investment by 12.7% during the 4th quarter. Flagship Harbor Advisors LLC now owns 16,100 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 1,820 shares in the last quarter. Epiq Partners LLC acquired a new position in shares of SLR Investment during the fourth quarter worth about $1,047,000. Chicago Partners Investment Group LLC grew its position in shares of SLR Investment by 2.1% during the fourth quarter. Chicago Partners Investment Group LLC now owns 30,884 shares of the financial services provider’s stock worth $504,000 after buying an additional 627 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in shares of SLR Investment during the fourth quarter worth about $1,902,000. 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. SLR Investment has a 52 week low of $13.64 and a 52 week high of $17.94. The firm has a 50 day moving average of $15.88 and a 200 day moving average of $16.45. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $910.61 million, a price-to-earnings ratio of 9.43 and a beta of 0.75.

SLR Investment (NASDAQ:SLRC) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The company had revenue of $53.18 million during the quarter, compared to analyst estimates of $53.43 million. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. As a group, sell-side analysts anticipate that SLR Investment will post 1.76 earnings per share for the current fiscal year.

SLR Investment Dividend Announcement

The company 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 dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.83%. SLR Investment’s dividend payout ratio is currently 101.86%.

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.