SLR Investment (NASDAQ:SLRC) was downgraded to “Sell” at StockNews.com


SLR Investment (NASDAQ:SLRC – Get Rating) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

A number of other equities research analysts also recently issued reports on SLRC. Wells Fargo & Company lowered shares of SLR Investment from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $15.50 to $12.50 in a research report on Monday . Maxim Group started coverage on shares of SLR Investment in a research report on Monday, April 25th. They issued a “buy” rating and a $20.00 target price for the company. Keefe, Bruyette & Woods cut shares of SLR Investment from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $18.50 to $16.50 in a report on Monday , July 11. Finally, Hovde Group reduced their price objective on shares of SLR Investment to $16.00 in a report on Friday, May 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.50.

SLR investment shares fall 3.2%

Shares of SLRC stock opened at $14.06 on Tuesday. SLR Investment has a 12-month low of $13.96 and a 12-month high of $20.05. The company has a quick ratio of 1.01, a current ratio of 1.01, and a debt-to-equity ratio of 0.98. The company has a market cap of $770.11 million, a price-to-earnings ratio of 14.96 and a beta of 1.12. The company has a 50 day moving average of $15.02 and a two hundred day moving average of $16.85.

SLR Investment (NASDAQ:SLRC – Get Rating ) last released its earnings results on Tuesday, May 3rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). SLR Investment had a return on equity of 7.11% and a net margin of 28.96%. The company had revenue of $33.01 million during the quarter, compared to analysts’ expectations of $36.95 million. On average, equities analysts predict that SLR Investment will post 1.43 earnings per share for the current fiscal year.

Institutional inflows and outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. AllSquare Wealth Management LLC acquired a new position in SLR Investments in the first quarter valued at $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in SLR Investments in the first quarter valued at $29,000. Allworth Financial LP acquired a new position in SLR Investment in the first quarter valued at $30,000. Founders Capital Management raised its stake in SLR Investments by 76.0% in the second quarter. Founders Capital Management now owns 2,640 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,140 shares during the last quarter. Finally, ACG Wealth acquired a new position in SLR Investments in the second quarter valued at $42,000.

SLR Investment Company Profile

(Get rating)

SLR Investment Corp. is a business development company specializing in secured debt (unitranche first lien and second lien), subordinated debt (unsecured), minority equity, leveraged buyouts, buyouts, recapitalizations, general refinancings, growth capital and strategic income control capital investments in leveraged middle market companies.

Further reading

Analyst Recommendations for SLR Investments (NASDAQ:SLRC)



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