SLR Investment (NASDAQ:SLRC) Given New $14.00 Price Target at JPMorgan Chase & Co.

SLR Investment (NASDAQ:SLRC) had its price objective reduced by JPMorgan Chase & Co. from $15.00 to $14.00 in a research report report published on Friday morning,Benzinga reports. They currently have an underweight rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods cut their price target on shares of SLR Investment from $17.00 to $16.50 and set a “market perform” rating for the company in a report on Tuesday, November 18th. Raymond James Financial set a $16.00 price objective on SLR Investment and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Wells Fargo & Company dropped their price objective on SLR Investment from $13.00 to $12.00 and set an “underweight” rating for the company in a research note on Tuesday, March 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of SLR Investment in a research report on Monday, December 29th. Finally, Compass Point upgraded SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 target price on the stock in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.50.

SLR Investment Trading Down 2.7%

Shares of SLR Investment stock opened at $13.83 on Friday. The company’s 50-day moving average price is $14.98 and its 200-day moving average price is $15.33. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.15. SLR Investment has a 12-month low of $13.64 and a 12-month high of $17.26. The company has a market cap of $754.56 million, a price-to-earnings ratio of 8.14 and a beta of 0.69.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings data on Tuesday, February 24th. The financial services provider reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $54.46 million during the quarter, compared to analysts’ expectations of $54.97 million. SLR Investment had a net margin of 42.34% and a return on equity of 8.76%. On average, equities analysts expect that SLR Investment will post 1.76 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.64 annualized dividend and a yield of 11.9%. SLR Investment’s payout ratio is 96.47%.

Hedge Funds Weigh In On SLR Investment

Several institutional investors have recently modified their holdings of SLRC. Kelleher Financial Advisors purchased a new position in shares of SLR Investment during the 4th quarter valued at about $26,000. BNP Paribas Financial Markets boosted its stake in SLR Investment by 1,389.8% in the third quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,640 shares in the last quarter. CWM LLC grew its position in SLR Investment by 215.6% during the third quarter. CWM LLC now owns 2,367 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 1,617 shares during the last quarter. State of Alaska Department of Revenue bought a new position in SLR Investment during the third quarter valued at approximately $38,000. Finally, International Assets Investment Management LLC purchased a new position in shares of SLR Investment during the fourth quarter worth approximately $42,000. 35.32% of the stock is currently owned by institutional investors.

About SLR Investment

SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.

SLR Investment Corp.