SLR Investment (NASDAQ:SLRC) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of SLR Investment (NASDAQ:SLRC) in a research note issued on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Other research analysts have also recently issued research reports about the company. B. Riley restated a “neutral” rating and issued a $17.00 price target (up previously from $16.00) on shares of SLR Investment in a research note on Friday, May 10th. Keefe, Bruyette & Woods upped their price objective on SLR Investment from $15.50 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.25.

SLR Investment Trading Down 0.1 %

Shares of SLRC traded down $0.02 during mid-day trading on Tuesday, hitting $15.87. 15,250 shares of the company’s stock traded hands, compared to its average volume of 160,623. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.17. SLR Investment has a 1 year low of $13.93 and a 1 year high of $16.77. The firm has a market capitalization of $865.87 million, a P/E ratio of 8.93 and a beta of 1.13. The business’s 50-day moving average price is $16.17 and its 200-day moving average price is $15.56.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. SLR Investment had a return on equity of 9.51% and a net margin of 41.66%. The company had revenue of $58.10 million for the quarter, compared to analyst estimates of $58.96 million. As a group, sell-side analysts forecast that SLR Investment will post 1.74 EPS for the current fiscal year.

Insider Activity

In other SLR Investment news, Chairman Leonard M. Tannenbaum purchased 56,584 shares of SLR Investment stock in a transaction dated Friday, July 12th. The shares were purchased at an average cost of $12.80 per share, for a total transaction of $724,275.20. Following the completion of the acquisition, the chairman now owns 184,803 shares in the company, valued at approximately $2,365,478.40. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Andrea Colvin Roberts acquired 25,000 shares of SLR Investment stock in a transaction on Friday, June 14th. The shares were bought at an average cost of $15.98 per share, for a total transaction of $399,500.00. Following the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $399,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Leonard M. Tannenbaum bought 56,584 shares of the company’s stock in a transaction on Friday, July 12th. The shares were bought at an average cost of $12.80 per share, for a total transaction of $724,275.20. Following the transaction, the chairman now directly owns 184,803 shares in the company, valued at approximately $2,365,478.40. The disclosure for this purchase can be found here. Insiders purchased 95,584 shares of company stock valued at $1,255,125 in the last ninety days. Insiders own 8.20% of the company’s stock.

Institutional Trading of SLR Investment

Several hedge funds and other institutional investors have recently bought and sold shares of SLRC. Hennion & Walsh Asset Management Inc. boosted its position in shares of SLR Investment by 182.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 54,401 shares of the financial services provider’s stock worth $875,000 after purchasing an additional 35,128 shares in the last quarter. Raymond James & Associates lifted its position in SLR Investment by 5.4% during the 2nd quarter. Raymond James & Associates now owns 225,465 shares of the financial services provider’s stock worth $3,628,000 after acquiring an additional 11,637 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in SLR Investment by 1.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 137,962 shares of the financial services provider’s stock worth $2,220,000 after acquiring an additional 1,897 shares during the period. Confluence Investment Management LLC lifted its position in SLR Investment by 0.9% during the 2nd quarter. Confluence Investment Management LLC now owns 185,372 shares of the financial services provider’s stock worth $2,983,000 after acquiring an additional 1,570 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in SLR Investment during the 1st quarter worth about $342,000. Institutional investors own 35.32% of the company’s stock.

About SLR Investment

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.