SLR Investment (NASDAQ:SLRC) Given New $17.25 Price Target at Compass Point

SLR Investment (NASDAQ:SLRC) had its price target increased by analysts at Compass Point from $16.50 to $17.25 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Compass Point’s price objective would indicate a potential downside of 0.40% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company upped their price target on shares of SLR Investment from $12.50 to $13.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods upped their target price on shares of SLR Investment from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.85.

SLR Investment Stock Performance

Shares of SLRC stock traded down $0.44 during midday trading on Tuesday, hitting $17.32. The company had a trading volume of 247,062 shares, compared to its average volume of 156,690. The stock has a market cap of $944.98 million, a price-to-earnings ratio of 9.80 and a beta of 1.13. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50 day simple moving average is $16.95 and its 200 day simple moving average is $16.17. SLR Investment has a 52-week low of $14.41 and a 52-week high of $17.94.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share 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 company had revenue of $55.58 million for the quarter, compared to analyst estimates of $57.08 million. Research analysts anticipate that SLR Investment will post 1.76 earnings per share for the current fiscal year.

Institutional Trading of SLR Investment

Institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning acquired a new position in shares of SLR Investment during the 3rd quarter worth approximately $170,000. Sumitomo Mitsui Trust Group Inc. increased its position in 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 worth $2,156,000 after buying an additional 5,280 shares in the last quarter. MQS Management LLC acquired a new position in shares of SLR Investment in the third quarter worth $197,000. Muzinich & Co. Inc. lifted its position in shares of SLR Investment by 3.8% in the third quarter. Muzinich & Co. Inc. now owns 145,124 shares of the financial services provider’s stock valued at $2,184,000 after acquiring an additional 5,280 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of SLR Investment by 130.6% during the third quarter. Advisors Asset Management Inc. now owns 36,113 shares of the financial services provider’s stock valued at $544,000 after acquiring 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.