SLR Investment (NASDAQ:SLRC) Price Target Raised to $16.00

SLR Investment (NASDAQ:SLRC) had its price target increased by Keefe, Bruyette & Woods from $15.50 to $16.00 in a report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target 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 reissued a neutral rating and issued a $17.00 target price (up previously from $16.00) on shares of SLR Investment in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $14.80.

SLR Investment Trading Up 1.2 %

Shares of NASDAQ SLRC opened at $16.29 on Thursday. SLR Investment has a 1 year low of $13.75 and a 1 year high of $16.35. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50-day moving average of $15.44 and a 200 day moving average of $15.23. The stock has a market cap of $888.78 million, a P/E ratio of 9.15 and a beta of 1.10.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $59.79 million for the quarter, compared to the consensus estimate of $59.00 million. SLR Investment had a return on equity of 9.51% and a net margin of 41.66%. As a group, sell-side analysts expect that SLR Investment will post 1.74 EPS for the current fiscal year.

SLR Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 10.07%. The ex-dividend date is Thursday, June 13th. SLR Investment’s dividend payout ratio (DPR) is presently 92.13%.

Insider Buying and Selling at SLR Investment

In other SLR Investment news, insider Michael S. Gross bought 22,636 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average cost of $15.74 per share, for a total transaction of $356,290.64. Following the completion of the transaction, the insider now owns 3,804,860 shares of the company’s stock, valued at approximately $59,888,496.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Michael S. Gross purchased 46,700 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost of $15.44 per share, for a total transaction of $721,048.00. Following the completion of the transaction, the insider now directly owns 3,735,524 shares in the company, valued at approximately $57,676,490.56. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael S. Gross purchased 22,636 shares of the business’s stock in a transaction on Friday, March 8th. The stock was acquired at an average price of $15.74 per share, with a total value of $356,290.64. Following the purchase, the insider now directly owns 3,804,860 shares in the company, valued at approximately $59,888,496.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 109,336 shares of company stock valued at $1,680,539. 8.20% of the stock is owned by company insiders.

Institutional Trading of SLR Investment

Institutional investors have recently made changes to their positions in the business. Westend Capital Management LLC bought a new position in SLR Investment in the 1st quarter worth approximately $74,000. Oxford Asset Management LLP bought a new position in shares of SLR Investment during the fourth quarter worth $191,000. Campbell & CO Investment Adviser LLC purchased a new position in SLR Investment during the third quarter valued at $193,000. Virtu Financial LLC bought a new stake in SLR Investment in the 4th quarter valued at $195,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of SLR Investment by 10.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 13,667 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 1,295 shares during the last quarter. Hedge funds and other institutional investors own 35.32% of the company’s stock.

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.