Compass Point Forecasts Strong Price Appreciation for SLR Investment (NASDAQ:SLRC) Stock

SLR Investment (NASDAQ:SLRC) had its target price lifted by stock analysts at Compass Point from $16.50 to $17.25 in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Compass Point’s target price would indicate a potential downside of 0.40% from the stock’s current price.

Several other brokerages have also commented on SLRC. Wells Fargo & Company increased their price objective on SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Keefe, Bruyette & Woods increased their price target on shares of SLR Investment from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, SLR Investment currently has a consensus rating of “Hold” and an average price target of $15.85.

SLR Investment Price Performance

SLRC stock opened at $17.32 on Tuesday. The firm has a 50 day moving average of $17.00 and a 200-day moving average of $16.20. The firm has a market capitalization of $944.98 million, a P/E ratio of 9.79 and a beta of 1.13. SLR Investment has a 12 month low of $14.41 and a 12 month high of $17.94. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share for the quarter, topping 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 business had revenue of $55.58 million for the quarter, compared to analyst estimates of $57.08 million. As a group, sell-side analysts predict that SLR Investment will post 1.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SLR Investment

Institutional investors have recently made changes to their positions in the company. Creative Planning purchased a new position in SLR Investment in the 3rd quarter worth about $170,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of SLR Investment by 3.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 143,242 shares of the financial services provider’s stock valued at $2,156,000 after purchasing an additional 5,280 shares during the last quarter. MQS Management LLC purchased a new position in shares of SLR Investment during the third quarter valued at approximately $197,000. Muzinich & Co. Inc. lifted its position in SLR Investment by 3.8% during the third quarter. Muzinich & Co. Inc. now owns 145,124 shares of the financial services provider’s stock valued at $2,184,000 after purchasing an additional 5,280 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in SLR Investment by 130.6% in the third quarter. Advisors Asset Management Inc. now owns 36,113 shares of the financial services provider’s stock worth $544,000 after purchasing an additional 20,451 shares during the last quarter. Hedge funds and other institutional investors 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.