Wells Fargo & Company Lowers SLR Investment (NASDAQ:SLRC) Price Target to $12.00

SLR Investment (NASDAQ:SLRC) had its price objective lowered by Wells Fargo & Company from $13.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “underweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target points to a potential downside of 24.17% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut their price target on shares of SLR Investment from $16.50 to $15.00 and set an “underweight” rating for the company in a research note on Thursday. Keefe, Bruyette & Woods lifted their price target on SLR Investment from $16.00 to $17.00 and gave the stock a “market perform” rating in a report on Tuesday, March 4th. Finally, Compass Point boosted their price target on SLR Investment from $16.50 to $17.25 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.65.

SLR Investment Trading Up 0.9 %

SLRC stock traded up $0.14 during midday trading on Monday, reaching $15.83. The stock had a trading volume of 14,457 shares, compared to its average volume of 163,072. SLR Investment has a twelve month low of $13.64 and a twelve month high of $17.94. The firm has a market cap of $863.41 million, a price-to-earnings ratio of 8.94 and a beta of 0.90. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11. The business has a fifty day simple moving average of $16.45 and a two-hundred day simple moving average of $16.36.

SLR Investment (NASDAQ:SLRC) last posted its earnings results on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The firm had revenue of $55.58 million during the quarter, compared to analysts’ expectations of $57.08 million. As a group, research analysts expect that SLR Investment will post 1.76 EPS for the current fiscal year.

Institutional Trading of SLR Investment

Several institutional investors have recently modified their holdings of SLRC. JPMorgan Chase & Co. grew its position in shares of SLR Investment by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,336,411 shares of the financial services provider’s stock worth $20,113,000 after buying an additional 4,510 shares during the period. Jane Street Group LLC grew its holdings in SLR Investment by 15.0% in the third quarter. Jane Street Group LLC now owns 15,541 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 2,022 shares during the period. Empirical Asset Management LLC bought a new stake in SLR Investment in the fourth quarter valued at $3,895,000. Van ECK Associates Corp raised its holdings in shares of SLR Investment by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 1,044,152 shares of the financial services provider’s stock valued at $16,874,000 after purchasing an additional 44,861 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new position in SLR Investment during the 4th quarter worth approximately $1,902,000. Institutional investors own 35.32% of the company’s stock.

About SLR Investment

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.