Brokerages Set SLR Investment Corp. (NASDAQ:SLRC) PT at $18.57


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SLR Investment Corp. (NASDAQ:SLRC) has been given a consensus rating of “Hold” by the eight analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $18.57.

Several equities research analysts have issued reports on SLRC shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $19.00 price objective (up from $18.50) on shares of SLR Investment in a report on Thursday, March 4th. Zacks Investment Research lowered SLR Investment from a “hold” rating to a “sell” rating in a report on Wednesday, February 10th. Finally, Oppenheimer reissued a “buy” rating and set a $21.00 price target on shares of SLR Investment in a research report on Thursday, February 25th.

In other news, insider Bruce J. Spohler bought 25,137 shares of the company’s stock in a transaction dated Monday, March 1st. The shares were acquired at an average cost of $19.36 per share, with a total value of $486,652.32. Following the completion of the transaction, the insider now directly owns 67,526 shares in the company, valued at approximately $1,307,303.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.70% of the company’s stock.

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in SLR Investment by 12.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,670,933 shares of the financial services provider’s stock worth $29,258,000 after acquiring an additional 184,708 shares during the period. Ares Management LLC boosted its holdings in shares of SLR Investment by 76.5% during the fourth quarter. Ares Management LLC now owns 779,213 shares of the financial services provider’s stock worth $13,644,000 after purchasing an additional 337,650 shares during the period. Van ECK Associates Corp grew its position in SLR Investment by 11.4% during the fourth quarter. Van ECK Associates Corp now owns 537,617 shares of the financial services provider’s stock valued at $9,414,000 after purchasing an additional 54,961 shares in the last quarter. Punch & Associates Investment Management Inc. increased its stake in SLR Investment by 15.5% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 507,323 shares of the financial services provider’s stock valued at $8,883,000 after buying an additional 67,949 shares during the period. Finally, Sei Investments Co. lifted its position in SLR Investment by 4.9% in the 3rd quarter. Sei Investments Co. now owns 371,202 shares of the financial services provider’s stock worth $5,876,000 after buying an additional 17,444 shares in the last quarter. Institutional investors and hedge funds own 54.65% of the company’s stock.

Shares of NASDAQ SLRC opened at $18.70 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.02 and a quick ratio of 1.02. SLR Investment has a 1-year low of $12.72 and a 1-year high of $19.64. The company has a market capitalization of $790.26 million, a price-to-earnings ratio of -155.83 and a beta of 1.25. The business has a 50-day moving average of $18.70 and a 200-day moving average of $17.56.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings data on Tuesday, February 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. SLR Investment had a negative net margin of 3.90% and a positive return on equity of 7.19%. The company had revenue of $31.37 million for the quarter, compared to analyst estimates of $33.48 million. Research analysts expect that SLR Investment will post 1.4 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 2nd. Investors of record on Thursday, March 18th were paid a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, March 17th. This represents a $1.64 dividend on an annualized basis and a yield of 8.77%. SLR Investment’s dividend payout ratio is currently 95.91%.

SLR Investment Company Profile

Solar Capital Ltd. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, and strategic income-oriented control equity investments in leveraged middle market companies. The fund invests in aerospace and defense; air freight & logistics; asset management; automotive; banking; beverage, food and tobacco; building products; buildings and real estate; broadcasting and entertainment; cargo transport; commercial services and supplies; communications equipment; chemicals, plastics and rubber; containers, packaging and glass; construction & engineering; diversified/conglomerate manufacturing; consumer Finance; distributors; diversified/conglomerate services; diversified financial services; diversified real estate sctivities; food products; Footwear; Education Services; diversified telecommunications services; electronics; farming and agriculture; finance; grocery; health care equipment and supplies; health care facilities; education and childcare; home and office furnishing, durable consumer products; hotels, motels, inns and gaming; insurance; restaurants, leisure, amusement, and entertainment; leisure equipment tolls and services, media, multiline retail, multi sector holdings; paper and forest products; personal products; professional services, research and consulting services, software; specialty retail; textiles apparel and luxury goods, thrifts and mortgage finance, trading companies and distributors, utilities, and wireless telecommunication services; industrial conglomerates; internet software and services, IT services, machinery; mining, steel, iron, and non precious metals; oil and gas; personal, food and miscellaneous services; printing and publishing; retail stores; telecommunications; textiles and leather; and utilities.

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Analyst Recommendations for SLR Investment (NASDAQ:SLRC)

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