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

SLR Investment (NASDAQ:SLRC) had its price objective dropped by Wells Fargo & Company from $13.00 to $12.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “underweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 18.64% from the company’s current price.

SLRC has been the topic of several other research reports. Keefe, Bruyette & Woods dropped their price target on shares of SLR Investment from $17.00 to $16.50 and set a “market perform” rating on the stock in a research note on Tuesday, November 18th. Wall Street Zen upgraded SLR Investment from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SLR Investment in a research report on Monday, December 29th. Finally, Raymond James Financial set a $16.00 price target on SLR Investment and gave the company an “outperform” rating in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, SLR Investment has an average rating of “Hold” and a consensus price target of $15.75.

SLR Investment Price Performance

Shares of NASDAQ SLRC opened at $14.75 on Tuesday. 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 has a 1-year low of $13.64 and a 1-year high of $17.94. The business’s fifty day moving average price is $15.12 and its two-hundred day moving average price is $15.42.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings results on Tuesday, February 24th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $54.46 million during the quarter, compared to the consensus estimate of $54.97 million. SLR Investment had a net margin of 42.34% and a return on equity of 8.76%. On average, analysts anticipate that SLR Investment will post 1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SLRC. Kelleher Financial Advisors acquired a new stake in shares of SLR Investment during the 4th quarter valued at $26,000. BNP Paribas Financial Markets lifted its holdings in shares of SLR Investment by 1,389.8% during the third quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,640 shares during the last quarter. CWM LLC boosted its position in shares of SLR Investment by 215.6% in the 3rd quarter. CWM LLC now owns 2,367 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,617 shares during the period. State of Alaska Department of Revenue purchased a new position in SLR Investment in the 3rd quarter worth about $38,000. Finally, International Assets Investment Management LLC purchased a new position in SLR Investment in the 4th quarter worth about $42,000. Institutional investors 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.