Keefe, Bruyette & Woods Issues Pessimistic Forecast for SLR Investment (NASDAQ:SLRC) Stock Price

SLR Investment (NASDAQ:SLRC) had its target price cut by Keefe, Bruyette & Woods from $17.00 to $16.50 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 9.89% from the company’s current price.

SLRC has been the subject of several other reports. Wells Fargo & Company restated an “underweight” rating and set a $13.00 price target (up from $12.00) on shares of SLR Investment in a research report on Tuesday, August 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of SLR Investment in a research note on Tuesday, October 14th. Wall Street Zen raised SLR Investment from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of SLR Investment from $16.00 to $15.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.04.

SLR Investment Trading Up 0.6%

SLR Investment stock traded up $0.09 during mid-day trading on Tuesday, hitting $15.02. The company’s stock had a trading volume of 38,677 shares, compared to its average volume of 205,075. The firm has a market capitalization of $819.22 million, a PE ratio of 9.27 and a beta of 0.73. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.18. SLR Investment has a 1 year low of $13.64 and a 1 year high of $17.94. The stock’s fifty day moving average is $15.24 and its two-hundred day moving average is $15.96.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of $56.99 million for the quarter, compared to analyst estimates of $56.33 million. SLR Investment had a return on equity of 9.26% and a net margin of 39.93%. On average, analysts anticipate that SLR Investment will post 1.76 EPS for the current year.

Insider Buying and Selling at SLR Investment

In other SLR Investment news, Director Andrea Colvin Roberts purchased 7,190 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average cost of $16.73 per share, with a total value of $120,288.70. Following the completion of the acquisition, the director directly owned 7,190 shares of the company’s stock, valued at $120,288.70. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.80% of the company’s stock.

Institutional Trading of SLR Investment

Institutional investors have recently modified their holdings of the stock. Chicago Partners Investment Group LLC boosted its holdings in shares of SLR Investment by 2.2% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 29,927 shares of the financial services provider’s stock valued at $495,000 after buying an additional 632 shares in the last quarter. J.W. Cole Advisors Inc. lifted its position in SLR Investment by 4.4% in the second quarter. J.W. Cole Advisors Inc. now owns 14,904 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 633 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in SLR Investment by 4.3% in the third quarter. Envestnet Asset Management Inc. now owns 19,902 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 824 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of SLR Investment by 4.9% during the third quarter. Flagship Harbor Advisors LLC now owns 19,677 shares of the financial services provider’s stock worth $301,000 after purchasing an additional 915 shares during the last quarter. Finally, Triumph Capital Management increased its position in shares of SLR Investment by 3.6% during the second quarter. Triumph Capital Management now owns 38,242 shares of the financial services provider’s stock worth $617,000 after purchasing an additional 1,335 shares in the last quarter. Hedge funds and other institutional investors own 35.32% of the company’s stock.

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.