SLR Investment (NASDAQ:SLRC) Hits New 1-Year Low at $13.34

Shares of SLR Investment Corp. (NASDAQ:SLRCGet Rating) hit a new 52-week low during trading on Friday . The stock traded as low as $13.34 and last traded at $13.36, with a volume of 3161 shares traded. The stock had previously closed at $13.88.

Analysts Set New Price Targets

A number of brokerages have weighed in on SLRC. Wells Fargo & Company lowered shares of SLR Investment from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $15.50 to $12.50 in a report on Monday, July 25th. Oppenheimer lowered SLR Investment from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $20.00 to $16.00 in a research note on Wednesday, August 3rd. Keefe, Bruyette & Woods lowered SLR Investment from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $18.50 to $16.50 in a research note on Monday, July 11th. Compass Point dropped their target price on shares of SLR Investment to $15.75 in a research report on Monday, August 15th. Finally, StockNews.com cut shares of SLR Investment from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.18.

SLR Investment Stock Down 4.4 %

The firm’s 50-day moving average price is $14.85 and its 200 day moving average price is $15.81. The firm has a market cap of $726.80 million, a P/E ratio of 63.19 and a beta of 1.02. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.98.

SLR Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 4th. Investors of record on Tuesday, September 20th will be paid a dividend of $0.137 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 12.39%. The ex-dividend date is Monday, September 19th. SLR Investment’s dividend payout ratio is currently 780.99%.

Institutional Trading of SLR Investment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AllSquare Wealth Management LLC acquired a new position in shares of SLR Investment during the first quarter valued at approximately $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of SLR Investment during the 1st quarter valued at $29,000. Allworth Financial LP bought a new stake in shares of SLR Investment in the 1st quarter worth $30,000. Quantbot Technologies LP acquired a new stake in shares of SLR Investment in the second quarter valued at $30,000. Finally, Founders Capital Management lifted its holdings in shares of SLR Investment by 76.0% in the second quarter. Founders Capital Management now owns 2,640 shares of the financial services provider’s stock valued at $39,000 after buying an additional 1,140 shares during the period. 35.73% of the stock is currently owned by institutional investors.

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.

Further Reading

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