Raymond James Has Lowered Expectations for SLR Investment (NASDAQ:SLRC) Stock Price

SLR Investment (NASDAQ:SLRC) had its price objective dropped by investment analysts at Raymond James from $18.00 to $17.00 in a report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Raymond James’ price objective suggests a potential upside of 7.32% from the company’s current price.

Several other analysts also recently commented on SLRC. Compass Point raised their target price on SLR Investment from $16.50 to $17.25 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price objective on SLR Investment from $16.50 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company lowered their target price on SLR Investment from $13.00 to $12.00 and set an “underweight” rating on the stock in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of SLR Investment from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.65.

SLR Investment Trading Up 1.4 %

Shares of SLRC stock opened at $15.84 on Friday. SLR Investment has a fifty-two week low of $13.64 and a fifty-two week high of $17.94. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day simple moving average of $16.06 and a two-hundred day simple moving average of $16.37. The company has a market cap of $864.23 million, a P/E ratio of 8.95 and a beta of 0.75.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $53.18 million during the quarter, compared to analyst estimates of $53.43 million. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. Research analysts forecast that SLR Investment will post 1.76 earnings per share for the current year.

Institutional Investors Weigh In On SLR Investment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of SLR Investment in the fourth quarter valued at about $4,565,000. Epiq Partners LLC increased its stake in SLR Investment by 405.8% in the 1st quarter. Epiq Partners LLC now owns 327,560 shares of the financial services provider’s stock valued at $5,523,000 after buying an additional 262,800 shares during the last quarter. Empirical Asset Management LLC bought a new position in shares of SLR Investment during the 4th quarter worth approximately $3,895,000. Strategic Financial Concepts LLC purchased a new position in shares of SLR Investment in the 4th quarter worth approximately $1,902,000. Finally, Trexquant Investment LP grew its holdings in shares of SLR Investment by 75.5% in the fourth quarter. Trexquant Investment LP now owns 176,331 shares of the financial services provider’s stock valued at $2,850,000 after acquiring an additional 75,879 shares in the last quarter. 35.32% of the stock is owned by hedge funds and other institutional investors.

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.