SLR Investment (NASDAQ:SLRC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SLR Investment (NASDAQ:SLRC) from a sell rating to a hold rating in a research note published on Saturday,Wall Street Zen reports.

Several other brokerages have also commented on SLRC. Zacks Research raised SLR Investment from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Weiss Ratings restated a “hold (c-)” rating on shares of SLR Investment in a research report on Monday, October 26th. Finally, B. Riley Financial downgraded shares of SLR Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Two 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $14.10.

SLR Investment Price Performance

NASDAQ:SLRC opened at $11.81 on Friday. SLR Investment has a 52-week low of $10.96 and a 52-week high of $16.36. The stock has a fifty day moving average of $11.85 and a 200 day moving average of $13.40. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $644.35 million, a price-to-earnings ratio of 8.75 and a beta of 0.69.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share 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 business had revenue of $20.50 million for the quarter, compared to analyst estimates of $48.82 million. On average, research analysts expect that SLR Investment will post 1.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Michael Gross bought 20,000 shares of SLR Investment stock in a transaction that occurred on Thursday, September 10th. The shares were acquired at an average price of $12.35 per share, with a total value of $247,000.00. Following the completion of the purchase, the insider directly owned 4,065,153 shares in the company, valued at $50,204,639.55. The trade was a 0.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 9.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SLR Investment

Hedge funds have recently added to or reduced their stakes in the company. SMH Capital Advisors Inc. bought a new position in SLR Investment during the third quarter valued at approximately $186,000. Park Avenue Securities LLC purchased a new position in shares of SLR Investment during the third quarter worth approximately $150,000. Meridian Investment Counsel Inc. raised its stake in shares of SLR Investment by 3.8% during the third quarter. Meridian Investment Counsel Inc. now owns 71,225 shares of the financial services provider’s stock worth $825,000 after acquiring an additional 2,600 shares in the last quarter. Triumph Capital Management lifted its holdings in shares of SLR Investment by 1.7% in the 3rd quarter. Triumph Capital Management now owns 55,758 shares of the financial services provider’s stock worth $646,000 after acquiring an additional 944 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in shares of SLR Investment by 7,441.0% in the 3rd quarter. Sound Income Strategies LLC now owns 1,629,154 shares of the financial services provider’s stock worth $18,735,000 after acquiring an additional 1,607,550 shares during the last quarter. Institutional investors own 35.32% of the company’s stock.

About SLR Investment

SLR Investment Corp. (NASDAQ: SLRC) is a business development company that provides financing to middle-market companies, primarily in the United States. The company seeks to support businesses that may have limited access to traditional bank financing by investing in a range of debt and equity securities.

Its investment activities generally focus on senior secured loans, subordinated debt, mezzanine investments and equity interests. SLR Investment typically partners with private equity sponsors and company management teams, providing capital for acquisitions, recapitalizations, refinancing, growth initiatives and other corporate purposes.