SLR Investment (NASDAQ:SLRC) Price Target Lowered to $14.00 at JPMorgan Chase & Co.

SLR Investment (NASDAQ:SLRC) had its price objective decreased by analysts at JPMorgan Chase & Co. from $15.00 to $14.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 0.47% from the stock’s current price.

Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reduced their price target on SLR Investment from $17.00 to $16.50 and set a “market perform” rating on the stock in a report on Tuesday, November 18th. Wells Fargo & Company cut their target price on shares of SLR Investment from $13.00 to $12.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 3rd. Compass Point raised shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price target for the company in a research note on Tuesday. Raymond James Financial set a $16.00 target price on SLR Investment and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SLR Investment in a report on Monday, December 29th. One 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 issued a Sell rating to the company’s stock. According to MarketBeat, SLR Investment currently has a consensus rating of “Hold” and a consensus target price of $15.50.

SLR Investment Trading Down 2.0%

SLR Investment stock traded down $0.29 during mid-day trading on Friday, reaching $13.94. The company had a trading volume of 137,510 shares, compared to its average volume of 294,498. The business has a fifty day simple moving average of $15.01 and a 200 day simple moving average of $15.35. SLR Investment has a fifty-two week low of $13.64 and a fifty-two week high of $17.26. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.04 and a current ratio of 1.04.

SLR Investment (NASDAQ:SLRC) last announced 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. The company had revenue of $54.46 million during the quarter, compared to analysts’ expectations of $54.97 million. SLR Investment had a return on equity of 8.76% and a net margin of 42.34%. On average, equities research analysts expect that SLR Investment will post 1.76 EPS for the current fiscal year.

Institutional Trading of SLR Investment

Large investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of SLR Investment during the fourth quarter worth $205,000. Sunbelt Securities Inc. raised its stake in shares of SLR Investment by 10.1% during the 4th quarter. Sunbelt Securities Inc. now owns 114,137 shares of the financial services provider’s stock valued at $1,765,000 after purchasing an additional 10,496 shares during the period. Mackenzie Financial Corp raised its stake in shares of SLR Investment by 5.6% during the 4th quarter. Mackenzie Financial Corp now owns 38,894 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 2,074 shares during the period. VARCOV Co. purchased a new stake in SLR Investment during the 4th quarter worth about $395,000. Finally, Intrepid Family Office LLC boosted its stake in SLR Investment by 6.0% in the 4th quarter. Intrepid Family Office LLC now owns 265,000 shares of the financial services provider’s stock worth $4,097,000 after purchasing an additional 15,000 shares during the period. 35.32% of the stock is owned by hedge funds and other 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.