Wells Fargo & Company Issues Positive Forecast for SLR Investment (NASDAQ:SLRC) Stock Price

SLR Investment (NASDAQ:SLRC) had its target price raised by Wells Fargo & Company from $12.50 to $13.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an underweight rating on the financial services provider’s stock.

A number of other research firms have also commented on SLRC. JPMorgan Chase & Co. lowered SLR Investment from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $15.50 to $15.00 in a research report on Monday, July 29th. StockNews.com started coverage on SLR Investment in a research note on Tuesday, July 23rd. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, SLR Investment currently has an average rating of “Hold” and a consensus price target of $15.25.

SLR Investment Stock Up 1.4 %

Shares of NASDAQ SLRC opened at $16.16 on Tuesday. SLR Investment has a 52-week low of $14.41 and a 52-week high of $16.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. The business has a fifty day moving average of $15.33 and a two-hundred day moving average of $15.69. The stock has a market cap of $881.69 million, a PE ratio of 9.13 and a beta of 1.12.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $59.77 million during the quarter, compared to the consensus estimate of $58.48 million. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. During the same period last year, the firm posted $0.42 EPS. As a group, equities research analysts expect that SLR Investment will post 1.76 earnings per share for the current fiscal year.

SLR Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 10.15%. The ex-dividend date is Friday, December 13th. SLR Investment’s dividend payout ratio (DPR) is presently 92.66%.

Institutional Trading of SLR Investment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLRC. International Assets Investment Management LLC bought a new stake in shares of SLR Investment during the 2nd quarter valued at $35,000. EverSource Wealth Advisors LLC bought a new position in shares of SLR Investment during the second quarter worth $47,000. Quantbot Technologies LP acquired a new position in shares of SLR Investment in the 3rd quarter valued at $90,000. Creative Planning bought a new stake in shares of SLR Investment in the 3rd quarter valued at $170,000. Finally, MQS Management LLC bought a new position in SLR Investment during the third quarter worth about $197,000. 35.32% of the stock is currently owned by institutional investors and hedge funds.

About SLR Investment

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.