SLR Investment (NASDAQ:SLRC) Upgraded to "Hold" at Wall Street Zen

SLR 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 Saturday.

SLRC has been the topic of several other research reports. Weiss Ratings reissued a "buy (b-)" rating on shares of SLR Investment in a report on Tuesday, October 14th. JPMorgan Chase & Co. decreased their target price on shares of SLR Investment from $16.00 to $15.00 and set an "underweight" rating on the stock in a research report on Wednesday, October 1st. Finally, Wells Fargo & Company reissued an "underweight" rating and issued a $13.00 target price (up previously from $12.00) on shares of SLR Investment in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $16.11.

View Our Latest Analysis on SLR Investment

SLR Investment Trading Up 0.9%

SLR Investment stock opened at $15.29 on Friday. The business has a 50 day moving average price of $15.40 and a two-hundred day moving average price of $15.97. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.18. SLR Investment has a 12 month low of $13.64 and a 12 month high of $17.94. The stock has a market cap of $834.22 million, a price-to-earnings ratio of 9.44 and a beta of 0.73.

SLR Investment (NASDAQ:SLRC - Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). The firm had revenue of $56.99 million for the quarter, compared to analyst estimates of $56.33 million. SLR Investment had a return on equity of 9.26% and a net margin of 39.93%. As a group, equities analysts forecast that SLR Investment will post 1.76 EPS for the current year.

Insider Activity at SLR Investment

In other SLR Investment news, Director Andrea Colvin Roberts bought 7,190 shares of the stock in a transaction dated Tuesday, September 9th. The stock was bought at an average cost of $16.73 per share, for a total transaction of $120,288.70. Following the completion of the purchase, the director owned 7,190 shares in the company, valued at $120,288.70. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.80% of the company's stock.

Institutional Investors Weigh In On SLR Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC lifted its position in shares of SLR Investment by 2.2% during the second quarter. Chicago Partners Investment Group LLC now owns 29,927 shares of the financial services provider's stock worth $495,000 after purchasing an additional 632 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in SLR Investment by 4.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 14,904 shares of the financial services provider's stock worth $241,000 after buying an additional 633 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in SLR Investment by 4.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 19,902 shares of the financial services provider's stock valued at $304,000 after buying an additional 824 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in shares of SLR Investment by 4.9% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 19,677 shares of the financial services provider's stock valued at $301,000 after buying an additional 915 shares during the period. Finally, Triumph Capital Management increased its stake in shares of SLR Investment by 3.6% in the 2nd quarter. Triumph Capital Management now owns 38,242 shares of the financial services provider's stock valued at $617,000 after buying an additional 1,335 shares during the period. Institutional investors and hedge funds own 35.32% of the company's stock.

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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