Earnings Forecast for SLR Investment Corp. for Q3 2022 issued by Oppenheimer (NASDAQ:SLRC)

SLR Investment Corp. (NASDAQ:SLRC – Get Rating ) – Investment analysts at Oppenheimer upped their Q3 2022 earnings per share estimates for SLR Investment in a research note issued on Wednesday, August 3rd. Oppenheimer M. Penn analyst now anticipates that the financial services provider will post earnings of $0.39 per share for the quarter, up from their prior forecast of $0.36. Oppenheimer presently has a “Market Perform” rating and a $16.00 target price on the stock. The consensus estimate for SLR Investment’s current full-year earnings is $1.48 per share. Oppenheimer also issued estimates for SLR Investment’s Q4 2022 earnings at $0.40 EPS, FY2022 earnings at $1.48 EPS, Q1 2023 earnings at $0.40 EPS, Q2 2023 earnings at $0.41 EPS, Q3 2023 earnings at $0.40 EPS. 41 EPS, Q4 2023 earnings at $0.41 EPS and FY20 at $1.63 EPS.

Several other analysts have also issued reports on the stock. Hovde Group cut their target price on shares of SLR Investment to $16.00 in a research report on Friday, May 20th. 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 report on Thursday. Maxim Group initiated coverage on shares of SLR Investment in a research report on Monday, April 25th. They set a “buy” rating and a $20.00 target price for the company. Keefe, Bruyette & Woods lowered shares of SLR Investment from an “outperform” rating to a “market perform” rating and cut their target price for the company from $18.50 to $16.50 in a research report on Monday, July 11th. Finally, Wells Fargo & Company downgraded shares of SLR Investment from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $15.50 to $12.50 in a research report on Monday, July 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. SLR Investment currently has a consensus rating of “Hold” and a consensus price target of $16.79, according to MarketBeat.

SLR Investment Stock rose 0.7%

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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 firm has a 50-day moving average of $14.84 and a 200-day moving average of $16.53. SLR Investment has a twelve month low of $13.74 and a twelve 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 weigh in on SLR investments

Hedge funds have recently been buying and selling shares of businesses. Wiley Bros. Aintree Capital LLC boosted its stake in shares of SLR Investment by 6.0% during the second quarter. Wiley Bros. Aintree Capital LLC now owns 19,640 shares of the financial services provider’s stock valued at $287,000 after acquiring an additional 1,110 shares during the period. Founders Capital Management boosted its stake in shares of SLR Investment by 76.0% during the second quarter. Founders Capital Management now owns 2,640 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 1,140 shares during the period. GraniteShares Advisors LLC lifted its stake in shares of SLR Investment by 3.0% in the second quarter. GraniteShares Advisors LLC now owns 43,362 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 1,249 shares during the period. AllSquare Wealth Management LLC purchased a new stake in shares of SLR Investment in the first quarter valued at $25,000. Finally, HighTower Advisors LLC grew its stake in SLR Investment by 3.7% in the 4th quarter. HighTower Advisors LLC now owns 41,518 shares of the financial services provider’s stock valued at $765,000 after purchasing an additional 1,492 shares during the period.

SLR Investment announces dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 18th will be paid a dividend of $0.137 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents an annualized dividend of $1.64 and a dividend yield of 11.06%. SLR Investment’s dividend payout ratio is 780.99%.

SLR Investment Company Profile

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SLR Investment Corp. is a business development company specializing in secured debt (first lien and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control capital investments in middle market leveraged companies.

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SLR (NASDAQ:SLRC) Earnings History and Investment Forecasts

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