SLR Investment (NASDAQ:SLRC) Stock Rating Upgraded by Zacks Research

SLR Investment (NASDAQ:SLRC) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company cut their price target on shares of SLR Investment from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. JPMorgan Chase & Co. reduced their price target on SLR Investment from $13.50 to $12.00 and set an “underweight” rating for the company in a research report on Thursday, July 2nd. Wall Street Zen downgraded SLR Investment from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings cut SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, SLR Investment has an average rating of “Hold” and an average target price of $14.10.

SLR Investment Stock Down 0.9%

SLR Investment stock opened at $12.83 on Tuesday. The company’s 50 day simple moving average is $12.77 and its 200 day simple moving average is $13.90. The firm has a market capitalization of $699.94 million, a price-to-earnings ratio of 9.50 and a beta of 0.64. SLR Investment has a fifty-two week low of $12.13 and a fifty-two week high of $16.83. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 1.09.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. SLR Investment had a return on equity of 7.96% and a net margin of 35.20%.The company had revenue of $20.50 million for the quarter, compared to analyst estimates of $48.82 million. As a group, sell-side analysts anticipate that SLR Investment will post 1.31 EPS for the current year.

Institutional Investors Weigh In On SLR Investment

A number of institutional investors have recently made changes to their positions in SLRC. BNP Paribas Financial Markets lifted its holdings in SLR Investment by 1,389.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,640 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in SLR Investment in the 2nd quarter valued at $28,000. International Assets Investment Management LLC bought a new position in SLR Investment during the 4th quarter worth $42,000. Russell Investments Group Ltd. acquired a new stake in shares of SLR Investment during the third quarter worth $48,000. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in shares of SLR Investment during the fourth quarter worth $59,000. Institutional investors own 35.32% of the company’s stock.

About SLR Investment

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.