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

SLR Investment Corp. (NASDAQ:SLRC) has been given a consensus rating of “Reduce” by the four research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $14.25.

Several research firms have recently commented on SLRC. JPMorgan Chase & Co. dropped their target price 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. B. Riley raised their target price 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.

Insider Activity at SLR Investment

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

Institutional Trading of SLR Investment

Large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in shares of SLR Investment in the third quarter worth approximately $28,000. Westend Capital Management LLC bought a new stake in shares of SLR Investment in the first quarter worth approximately $74,000. SG Americas Securities LLC bought a new stake in shares of SLR Investment in the third quarter worth approximately $143,000. Oxford Asset Management LLP bought a new stake in shares of SLR Investment in the fourth quarter worth approximately $191,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of SLR Investment in the third quarter worth approximately $193,000. 35.32% of the stock is currently owned by institutional investors.

SLR Investment Trading Down 1.7 %

NASDAQ:SLRC opened at $15.26 on Friday. The company has a 50-day moving average price of $15.13 and a 200-day moving average price of $15.05. SLR Investment has a 12 month low of $13.48 and a 12 month high of $15.86. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.19. The stock has a market cap of $832.59 million, a price-to-earnings ratio of 10.90 and a beta of 1.11.

SLR Investment (NASDAQ:SLRC) last posted its 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 analysts’ expectations of $59.00 million. Equities analysts predict that SLR Investment will post 1.73 EPS for the current year.

SLR Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.41 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.64 dividend on an annualized basis and a yield of 10.75%. SLR Investment’s dividend payout ratio (DPR) is currently 117.14%.

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.