Keefe, Bruyette & Woods Issues Pessimistic Forecast for SLR Investment (NASDAQ:SLRC) Stock Price

SLR Investment (NASDAQ:SLRC) had its price objective dropped by Keefe, Bruyette & Woods from $16.50 to $15.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 4.82% from the stock’s previous close.

Several other research firms have also recently issued reports on SLRC. Wells Fargo & Company cut their target price on SLR Investment from $13.00 to $12.00 and set an “underweight” rating for the company in a research report on Tuesday, March 3rd. Raymond James Financial set a $16.00 price target on SLR Investment and gave the stock an “outperform” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. dropped their price target on SLR Investment from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Friday, March 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SLR Investment in a research report on Monday, December 29th. Finally, Compass Point raised shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 target price on the stock in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.29.

SLR Investment Trading Up 1.9%

Shares of SLR Investment stock opened at $14.31 on Monday. SLR Investment has a fifty-two week low of $13.64 and a fifty-two week high of $17.19. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $780.68 million, a P/E ratio of 8.42 and a beta of 0.69. The company has a fifty day moving average of $14.70 and a 200 day moving average of $15.11.

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

Insider Buying and Selling

In other news, insider Michael S. Gross purchased 25,000 shares of the business’s stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $13.91 per share, for a total transaction of $347,750.00. Following the acquisition, the insider directly owned 4,014,701 shares of the company’s stock, valued at $55,844,490.91. This represents a 0.63% 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 Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Ensign Peak Advisors Inc bought a new position in SLR Investment during the fourth quarter valued at $5,411,000. Franklin Resources Inc. increased its holdings in shares of SLR Investment by 1,413.2% in the 2nd quarter. Franklin Resources Inc. now owns 354,701 shares of the financial services provider’s stock worth $5,725,000 after buying an additional 331,260 shares during the last quarter. Closed End Fund Advisors Inc. bought a new stake in shares of SLR Investment in the 4th quarter worth about $4,033,000. Millennium Management LLC purchased a new stake in shares of SLR Investment during the 3rd quarter valued at about $2,650,000. Finally, Muzinich & Co. Inc. raised its position in shares of SLR Investment by 37.4% during the 4th quarter. Muzinich & Co. Inc. now owns 534,336 shares of the financial services provider’s stock valued at $8,261,000 after buying an additional 145,323 shares in the last quarter. 35.32% of the stock is currently owned by institutional investors.

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.