Brokers Issue Forecasts for SLR Investment Corp.’s Q4 2022 Earnings (NASDAQ:SLRC)
SLR Investment Corp. (NASDAQ:SLRC – Get Rating) – Analysts at Oppenheimer upped their Q4 2022 EPS estimates for SLR Investment in a research note issued on Thursday, November 3rd. Oppenheimer analyst M. Penn now anticipates that the financial services provider will post earnings per share of $0.41 for the quarter, up from their prior forecast of $0.40. Oppenheimer has a “Market Perform” rating and a $16.00 price objective on the stock. The consensus estimate for SLR Investment’s current full-year earnings is $1.50 per share. Oppenheimer also issued estimates for SLR Investment’s Q1 2023 earnings at $0.41 EPS and FY2023 earnings at $1.65 EPS.
A number of other research firms have also commented on SLRC. Keefe, Bruyette & Woods lowered shares of SLR Investment from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $18.50 to $16.50 in a research note on Monday, July 11th. Compass Point dropped their price objective on shares of SLR Investment to $15.75 in a report on Monday, August 15th. Wells Fargo & Company dropped their price objective on shares of SLR Investment from $12.00 to $11.50 and set an “underweight” rating on the stock in a report on Friday. StockNews.com assumed coverage on shares of SLR Investment in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock. Finally, Raymond James lowered their target price on shares of SLR Investment from $19.00 to $16.50 and set an “outperform” rating on the stock in a research note on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, SLR Investment presently has a consensus rating of “Hold” and a consensus price target of $15.89.
SLR Investment Trading Up 0.4 %
SLR Investment stock opened at $13.48 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.05 and a current ratio of 1.00. The firm has a market cap of $738.34 million, a price-to-earnings ratio of 96.29 and a beta of 1.08. SLR Investment has a 1 year low of $12.08 and a 1 year high of $19.90. The firm’s 50 day moving average price is $13.80 and its two-hundred day moving average price is $14.74.
SLR Investment Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be given a $0.137 dividend. This represents a $1.64 annualized dividend and a dividend yield of 12.20%. The ex-dividend date of this dividend is Wednesday, November 16th. SLR Investment’s payout ratio is presently 1,171.43%.
Hedge Funds Weigh In On SLR Investment
A number of hedge funds have recently bought and sold shares of the business. AllSquare Wealth Management LLC acquired a new stake in shares of SLR Investment in the 1st quarter valued at approximately $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of SLR Investment in the 1st quarter valued at $29,000. Allworth Financial LP bought a new stake in shares of SLR Investment in the 1st quarter valued at $30,000. Quantbot Technologies LP bought a new stake in SLR Investment during the 2nd quarter valued at $30,000. Finally, Founders Capital Management increased its stake in SLR Investment by 76.0% during the 2nd quarter. Founders Capital Management now owns 2,640 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,140 shares in the last quarter. 35.73% of the stock is owned by institutional investors.
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.
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