SLR Investment (NASDAQ:SLRC) Price Target Lowered to $12.00 at JPMorgan Chase & Co.

SLR Investment (NASDAQ:SLRC) had its price objective dropped by equities researchers at JPMorgan Chase & Co. from $13.50 to $12.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 3.61% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Zacks Research lowered shares of SLR Investment from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of SLR Investment in a report on Friday, June 12th. Keefe, Bruyette & Woods reduced their price target on shares of SLR Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a research report on Monday, March 30th. Wells Fargo & Company decreased their price objective on SLR Investment from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Thursday, May 7th. Finally, Wall Street Zen lowered SLR Investment from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $14.10.

SLR Investment Stock Up 0.6%

Shares of SLRC opened at $12.45 on Thursday. SLR Investment has a 52-week low of $12.13 and a 52-week high of $16.83. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The stock has a fifty day simple moving average of $13.39 and a two-hundred day simple moving average of $14.43. The company has a market capitalization of $679.27 million, a PE ratio of 7.59 and a beta of 0.64.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). SLR Investment had a net margin of 41.81% and a return on equity of 8.33%. The firm had revenue of $47.14 million for the quarter, compared to analyst estimates of $54.01 million. As a group, equities analysts forecast that SLR Investment will post 1.33 EPS for the current year.

Insiders Place Their Bets

In related news, insider Michael S. Gross bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average price of $13.09 per share, for a total transaction of $130,900.00. Following the acquisition, the insider owned 4,035,153 shares of the company’s stock, valued at approximately $52,820,152.77. This trade represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 8.80% of the company’s stock.

Institutional Investors Weigh In On SLR Investment

A number of institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. lifted its stake in SLR Investment by 15.1% during the 1st quarter. Sunbelt Securities Inc. now owns 131,347 shares of the financial services provider’s stock worth $1,880,000 after acquiring an additional 17,210 shares in the last quarter. Royal Bank of Canada increased its stake in SLR Investment by 10.0% during the first quarter. Royal Bank of Canada now owns 225,968 shares of the financial services provider’s stock worth $3,234,000 after purchasing an additional 20,469 shares during the period. Entropy Technologies LP acquired a new stake in shares of SLR Investment during the first quarter worth about $209,000. Lido Advisors LLC lifted its position in shares of SLR Investment by 27.8% during the first quarter. Lido Advisors LLC now owns 53,382 shares of the financial services provider’s stock worth $764,000 after purchasing an additional 11,600 shares in the last quarter. Finally, NewEdge Wealth LLC boosted its stake in shares of SLR Investment by 1.8% in the first quarter. NewEdge Wealth LLC now owns 98,148 shares of the financial services provider’s stock valued at $1,404,000 after purchasing an additional 1,693 shares during the period. 35.32% of the stock is owned by institutional investors and hedge funds.

About SLR Investment

SLR Investment Corp. (NASDAQ: SLRC) is a closed?end, externally managed business development company that provides customized debt and equity financing solutions to middle?market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co?investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor?backed transactions.

SLR Investment Corp.