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

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. StockNews.com downgraded SLR Investment from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th. Compass Point cut their target price on shares of SLR Investment to $15.75 in a research note on Monday, August 15th. Wells Fargo & Company lowered shares of SLR Investment from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $15.50 to $12.50 in a research report on Monday, July 25th. Raymond James reduced their target price on shares of SLR Investment from $19.00 to $16.50 and set an “outperform” rating for the company in a research note on Thursday, August 4th. Finally, Keefe, Bruyette & Woods downgraded SLR Investment from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $18.50 to $16.50 in a research report on Monday, July 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.18.

SLR Investment Stock Performance

The stock has a market capitalization of $726.80 million, a price-to-earnings 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. The stock’s 50-day simple moving average is $14.85 and its 200 day simple moving average is $15.81.

SLR Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Tuesday, September 20th will be paid a $0.137 dividend. The ex-dividend date is Monday, September 19th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 12.39%. SLR Investment’s dividend payout ratio (DPR) is presently 780.99%.

Hedge Funds Weigh In On SLR Investment

A number of large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in SLR Investment by 39.7% in the second quarter. JPMorgan Chase & Co. now owns 2,809,422 shares of the financial services provider’s stock valued at $41,102,000 after acquiring an additional 797,719 shares during the last quarter. Van ECK Associates Corp increased its stake in SLR Investment by 61.6% in the 1st quarter. Van ECK Associates Corp now owns 932,476 shares of the financial services provider’s stock valued at $16,905,000 after buying an additional 355,581 shares during the last quarter. Ares Management LLC grew its position in shares of SLR Investment by 19.3% in the 1st quarter. Ares Management LLC now owns 1,895,303 shares of the financial services provider’s stock valued at $34,362,000 after acquiring an additional 306,084 shares during the period. First Republic Investment Management Inc. grew its position in shares of SLR Investment by 127.3% in the 2nd quarter. First Republic Investment Management Inc. now owns 432,822 shares of the financial services provider’s stock valued at $6,332,000 after acquiring an additional 242,438 shares during the period. Finally, UBS Group AG grew its position in shares of SLR Investment by 51.4% in the 2nd quarter. UBS Group AG now owns 407,857 shares of the financial services provider’s stock valued at $5,967,000 after acquiring an additional 138,411 shares during the period. 35.73% of the stock is currently owned by institutional investors and hedge funds.

About SLR Investment

(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.

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