SLR Investment (NASDAQ:SLRC) Stock Rating Upgraded by Wall Street Zen
by Doug Wharley · The Cerbat GemSLR Investment (NASDAQ:SLRC – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.
Several other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods lowered their price target on shares of SLR Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a report on Monday, March 30th. Wells Fargo & Company lowered their price target on shares of SLR Investment from $13.00 to $12.00 and set an “underweight” rating on the stock in a report on Tuesday, March 3rd. JPMorgan Chase & Co. lowered their price target on shares of SLR Investment from $15.00 to $14.00 and set an “underweight” rating on the stock in a report on Friday, March 13th. Weiss Ratings restated a “hold (c+)” rating on shares of SLR Investment in a report on Monday, December 29th. Finally, Raymond James Financial set a $16.00 price target on shares of SLR Investment and gave the company an “outperform” rating in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.29.
View Our Latest Analysis on SLR Investment
SLR Investment Price Performance
SLRC opened at $15.40 on Friday. The stock has a fifty day moving average of $14.65 and a 200-day moving average of $15.04. The firm has a market capitalization of $840.22 million, a P/E ratio of 9.06 and a beta of 0.69. SLR Investment has a 12-month low of $13.78 and a 12-month high of $17.19. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.
SLR Investment (NASDAQ:SLRC – Get Free Report) last released its earnings results on Tuesday, February 24th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. The company had revenue of $54.46 million during the quarter, compared to analyst estimates of $54.97 million. SLR Investment had a return on equity of 8.76% and a net margin of 42.34%. Equities analysts forecast that SLR Investment will post 1.76 EPS for the current fiscal year.
Insider Transactions at SLR Investment
In other SLR Investment news, insider Michael S. Gross acquired 10,452 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average cost of $13.90 per share, for a total transaction of $145,282.80. Following the completion of the acquisition, the insider owned 4,025,153 shares of the company’s stock, valued at approximately $55,949,626.70. This trade represents a 0.26% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.80% of the company’s stock.
Institutional Investors Weigh In On SLR Investment
A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in SLR Investment by 1.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,357,679 shares of the financial services provider’s stock worth $20,990,000 after purchasing an additional 15,264 shares in the last quarter. Van ECK Associates Corp boosted its holdings in SLR Investment by 6.7% in the third quarter. Van ECK Associates Corp now owns 1,195,136 shares of the financial services provider’s stock worth $18,274,000 after purchasing an additional 74,983 shares in the last quarter. UBS Group AG lifted its position in SLR Investment by 15.5% during the 4th quarter. UBS Group AG now owns 577,728 shares of the financial services provider’s stock worth $8,932,000 after acquiring an additional 77,705 shares during the last quarter. Muzinich & Co. Inc. lifted its position in SLR Investment by 37.4% during the 4th quarter. Muzinich & Co. Inc. now owns 534,336 shares of the financial services provider’s stock worth $8,261,000 after acquiring an additional 145,323 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in SLR Investment by 8.0% during the 4th quarter. Franklin Resources Inc. now owns 449,290 shares of the financial services provider’s stock worth $6,946,000 after acquiring an additional 33,185 shares during the last quarter. 35.32% of the stock is currently owned by institutional investors.
SLR Investment Company Profile
SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.
SLR Investment Corp.