Wall Street Zen Upgrades SLR Investment (NASDAQ:SLRC) to “Hold”

SLR Investment (NASDAQ:SLRC) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other research firms also recently issued reports on SLRC. JPMorgan Chase & Co. decreased their price objective on shares of SLR Investment from $13.50 to $12.00 and set an “underweight” rating for the company in a report on Thursday, July 2nd. B. Riley Financial cut shares of SLR Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Weiss Ratings downgraded shares of SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Finally, Zacks Research raised shares of SLR Investment from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $14.10.

SLR Investment Price Performance

Shares of NASDAQ:SLRC opened at $11.74 on Friday. The company has a market capitalization of $640.48 million, a PE ratio of 8.70 and a beta of 0.64. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 1.09. The business has a fifty day moving average price of $12.59 and a two-hundred day moving average price of $13.34. SLR Investment has a 1 year low of $11.58 and a 1 year high of $16.36.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. The firm had revenue of $20.50 million during the quarter, compared to analyst estimates of $48.82 million. SLR Investment had a return on equity of 7.96% and a net margin of 35.20%. Analysts forecast that SLR Investment will post 1.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Michael Gross acquired 20,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were acquired at an average cost of $12.35 per share, for a total transaction of $247,000.00. Following the purchase, the insider owned 4,065,153 shares of the company’s stock, valued at approximately $50,204,639.55. The trade was a 0.49% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.80% of the company’s stock.

Institutional Investors Weigh In On SLR Investment

Several institutional investors have recently added to or reduced their stakes in the business. Thornburg Investment Management Inc. increased its stake in shares of SLR Investment by 1.6% in the second quarter. Thornburg Investment Management Inc. now owns 4,708,772 shares of the financial services provider’s stock worth $58,248,000 after purchasing an additional 75,341 shares in the last quarter. Van ECK Associates Corp raised its position in shares of SLR Investment by 24.8% in the second quarter. Van ECK Associates Corp now owns 1,104,114 shares of the financial services provider’s stock valued at $13,658,000 after purchasing an additional 219,110 shares during the period. Legal & General Group Plc lifted its stake in shares of SLR Investment by 18.5% during the 4th quarter. Legal & General Group Plc now owns 379,906 shares of the financial services provider’s stock valued at $5,873,000 after buying an additional 59,194 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of SLR Investment by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 378,888 shares of the financial services provider’s stock valued at $5,422,000 after buying an additional 1,619 shares in the last quarter. Finally, Clear Harbor Asset Management LLC bought a new position in SLR Investment in the 2nd quarter worth approximately $4,205,000. 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 business development company that provides financing to middle-market companies, primarily in the United States. The company invests mainly in senior secured loans and other debt instruments, with a focus on businesses that may require flexible capital solutions to support acquisitions, growth, recapitalizations, refinancing, and other corporate initiatives.

SLR Investment may also make subordinated debt and equity investments, including investments alongside its lending activities.