SLR Investment Corp. (NASDAQ:SLRC – Get Rating) – Investment analysts at Oppenheimer have raised their estimates of third quarter 2022 EPS for SLR Investment in a research note published on Wednesday, August 3rd. Oppenheimer analyst M. Penn now expects the financial services firm to report earnings per share of $0.39 for the quarter, up from a previous forecast of $0.36. Oppenheimer currently has a market perform rating and a price target of $16.00 on the stock. The consensus estimate for SLR Investment’s current full-year earnings is $1.48 per share. Oppenheimer also released estimates for SLR Investment’s fourth quarter 2022 earnings of $0.40 per share, fiscal 2022 of $1.48 per share, first quarter of 2023 at $0.40 per share, second quarter of 2023 at $0.41 per share, $0.41 per share for Q3 2023, $0.41 per share for Q4 2023 and $1.63 per share for fiscal 2023.
Several other analysts have also issued reports on the stock. Hovde Group lowered its target price on shares of SLR Investment to $16.00 in a research report on Friday, May 20. Raymond James lowered his target price on shares of SLR Investment from $19.00 to $16.50 and gave the company an outperform rating in a research report on Thursday. Maxim Group started coverage on shares of SLR Investment in a research report on Monday, April 25th. They set a buy rating and a price target of $20.00 for the company. Keefe, Bruyette & Woods cut shares of SLR Investment from an “outperform” rating to a “market perform” rating and lowered its price target on the company to $16.50 from $18.50 in a research report Monday , July 11th. Finally, Wells Fargo & Company cut shares of SLR Investment from an “equal weight” rating to an “underweight” rating and cut the company’s price target to $12.50 from $15.50 in a research report Monday , the July th. One research analyst has rated the stock with a sell rating, four with a hold rating and two with a buy rating. According to data from MarketBeat, SLR Investment currently has a consensus rating of Hold and a consensus price target of $16.79.
SLR investment portfolio up 0.7%
SLRC opened at $14.87 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.05 and a debt to equity ratio of 0.98. The company has a 50-day moving average price of $14.84 and a 200-day moving average price of $16.53. SLR Investment has a 12-month low of $13.74 and a 12-month high of $20.05. The stock has a market cap of $814.47 million, a price-to-earnings ratio of 70.81 and a beta of 1.06.
Institutional investors choose SLR investments
Hedge funds have recently bought and sold shares in the company. Wiley Bros. Aintree Capital LLC increased its stake in SLR Investment by 6.0% during the second quarter. Wiley Bros. Aintree Capital LLC now owns 19,640 shares of the financial services firm valued at $287,000 after purchasing an additional 1,110 shares during the period. Founders Capital Management increased its stake in SLR Investment shares by 76.0% in the second quarter. Founders Capital Management now owns 2,640 shares of the financial services firm, valued at $39,000, having purchased an additional 1,140 shares during the period. GraniteShares Advisors LLC increased its stake in SLR Investment by 3.0% during the second quarter. GraniteShares Advisors LLC now owns 43,362 shares of the financial services provider, valued at $634,000, having purchased an additional 1,249 shares during the period. AllSquare Wealth Management LLC acquired a new stake in SLR Investment stock valued at $25,000 during the first quarter. Finally, HighTower Advisors LLC increased its stake in SLR Investment by 3.7% during the fourth quarter. HighTower Advisors LLC now owns 41,518 shares of the financial services firm, valued at $765,000, having purchased an additional 1,492 shares during the period.
SLR Investment announces dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, September 1st. Registered investors will receive a dividend of $0.137 per share on Thursday, August 18th. The ex-dividend date of this dividend is Wednesday August 17th. That equates to a dividend of $1.64 on an annualized basis and a dividend yield of 11.06%. The payout ratio of SLR Investment is 780.99%.
Profile of the SLR investment company
SLR Investment Corp. is a business development firm specializing in secured debt (first and second liens), subordinated (unsecured) debt, minority interests, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic return-oriented control capital investments in leveraged middle-market companies.
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