SLR Investment (NASDAQ:SLRC) Upgraded by Zacks Research to Hold Rating

SLR Investment (NASDAQ:SLRC) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of SLR Investment from $13.50 to $12.00 and set an “underweight” rating on the stock in a report on Thursday, July 2nd. Weiss Ratings cut shares of SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Wall Street Zen lowered shares of SLR Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Wells Fargo & Company decreased their price objective on shares of SLR Investment from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, SLR Investment has an average rating of “Hold” and an average target price of $14.10.

SLR Investment Trading Down 0.9%

SLRC opened at $12.83 on Tuesday. The business has a fifty day moving average price of $12.77 and a 200 day moving average price of $13.90. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 1.09. SLR Investment has a 12 month low of $12.13 and a 12 month high of $16.83. The stock has a market capitalization of $699.94 million, a price-to-earnings ratio of 9.50 and a beta of 0.64.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33. SLR Investment had a return on equity of 7.96% and a net margin of 35.20%.The company had revenue of $20.50 million for the quarter, compared to analyst estimates of $48.82 million. Sell-side analysts expect that SLR Investment will post 1.31 earnings per share for the current fiscal year.

Institutional Trading of SLR Investment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its holdings in shares of SLR Investment by 1,389.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,640 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in SLR Investment in the second quarter valued at $28,000. International Assets Investment Management LLC purchased a new stake in SLR Investment in the fourth quarter valued at $42,000. Russell Investments Group Ltd. acquired a new position in SLR Investment in the third quarter valued at $48,000. Finally, Greykasell Wealth Strategies Inc. acquired a new position in SLR Investment in the fourth quarter valued at $59,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

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.