Brokerages Set SLR Investment Corp. (NASDAQ:SLRC) Target Price at $18.40

SLR Investment Corp. (NASDAQ:SLRCGet Rating) has received an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $18.40.

A number of analysts have commented on the stock. StockNews.com upgraded shares of SLR Investment from a “sell” rating to a “hold” rating in a report on Wednesday, May 11th. Maxim Group assumed coverage on shares of SLR Investment in a report on Monday, April 25th. They issued a “buy” rating and a $20.00 price objective for the company. TheStreet downgraded shares of SLR Investment from a “b-” rating to a “c” rating in a report on Wednesday, March 9th. Wells Fargo & Company cut their price objective on shares of SLR Investment from $17.25 to $16.00 and set an “equal weight” rating for the company in a report on Monday, April 25th. Finally, Hovde Group cut their price target on shares of SLR Investment to $16.00 in a report on Friday, May 20th.

A number of institutional investors have recently bought and sold shares of SLRC. AllSquare Wealth Management LLC acquired a new stake in SLR Investment in the 1st quarter valued at approximately $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in SLR Investment in the 1st quarter valued at approximately $29,000. Allworth Financial LP acquired a new stake in SLR Investment in the 1st quarter valued at approximately $30,000. Moors & Cabot Inc. acquired a new stake in SLR Investment in the 3rd quarter valued at approximately $55,000. Finally, City State Bank acquired a new stake in SLR Investment in the 4th quarter valued at approximately $60,000.

Shares of SLR Investment stock opened at $14.43 on Tuesday. The firm has a market capitalization of $790.37 million, a PE ratio of 15.35 and a beta of 1.14. SLR Investment has a twelve month low of $14.05 and a twelve month high of $20.05. The firm’s 50-day moving average price is $15.86 and its 200 day moving average price is $17.43. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.98.

SLR Investment (NASDAQ:SLRCGet 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 business had revenue of $33.01 million during the quarter, compared to analyst estimates of $36.95 million. SLR Investment had a net margin of 28.96% and a return on equity of 7.11%. On average, sell-side analysts predict that SLR Investment will post 1.43 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Tuesday, July 5th. Stockholders of record on Thursday, June 23rd will be issued a dividend of $0.137 per share. The ex-dividend date of this dividend is Wednesday, June 22nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 11.39%. SLR Investment’s dividend payout ratio is currently 174.47%.

SLR Investment Company Profile (Get Rating)

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.

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