Shares of SLR Investment Corp. (NASDAQ:SLRC – Get Rating ) has been given a consensus rating of “Hold” by 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 have recently commented on SLRC shares. Keefe, Bruyette & Woods cut 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 11. StockNews.com cut SLR Investment from a “hold” rating to a “sell” rating in a report on Monday, July 4th. Wells Fargo & Company decreased their price objective on SLR Investments from $17.25 to $16.00 and set an “equal weight” rating for the company in a report on Monday, April 25th. Maxim Group began coverage on SLR Investments in a report on Monday, April 25th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Hovde Group decreased their price objective on SLR Investments to $16.00 in a report on Friday, May 20th.
Hedge funds weigh in SLR investments
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 1st quarter worth about $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in SLR Investments in the 1st quarter worth about $29,000. Allworth Financial LP bought a new position in SLR Investment in the 1st 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 trading increased by 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 Investments (NASDAQ:SLRC – Get Rating ) last released 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 research analysts expect that SLR Investment will post 1.43 EPS for the current year.
SLR investment 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 issued a $0.137 dividend. The ex-dividend date is Wednesday, July 20th. This represents a dividend of $1.64 on an annual basis and a yield of 11.53%. SLR Investment’s dividend payout ratio is currently 174.47%.
About SLR Investments
SLR Investment Corp. is a business development company specializing in secured debt (unitranche first lien and second lien), subordinated debt (unsecured), minority equity, leveraged buyouts, buyouts, recapitalizations, general refinancings, growth capital and strategic income control capital investments in leveraged middle market companies.
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