Zacks Research Upgrades SLR Investment (NASDAQ:SLRC) to Hold

SLR Investment (NASDAQ:SLRC) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages also recently weighed in on SLRC. Weiss Ratings downgraded SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Wall Street Zen downgraded SLR Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Wells Fargo & Company lowered their price objective on shares of SLR Investment from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. cut their price objective on shares of SLR Investment from $13.50 to $12.00 and set an “underweight” rating for the company in a research report on Thursday, July 2nd. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, SLR Investment currently has a consensus rating of “Hold” and a consensus price target of $14.10.

SLR Investment Stock Performance

Shares of SLR Investment stock opened at $12.83 on Tuesday. SLR Investment has a 12 month low of $12.13 and a 12 month high of $16.83. The stock has a market capitalization of $699.94 million, a price-to-earnings ratio of 9.50 and a beta of 0.64. The firm’s fifty day simple moving average is $12.77 and its 200-day simple moving average is $13.90. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 1.09.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. The firm had revenue of $20.50 million for 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%. As a group, equities analysts forecast that SLR Investment will post 1.31 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Ensign Peak Advisors Inc purchased a new stake in shares of SLR Investment during the 4th quarter worth $5,411,000. Clear Harbor Asset Management LLC purchased a new position in shares of SLR Investment in the 2nd quarter valued at about $4,205,000. Closed End Fund Advisors Inc. acquired a new stake in shares of SLR Investment in the fourth quarter valued at about $4,033,000. BlackRock Inc. purchased a new stake in SLR Investment during the second quarter worth about $2,513,000. Finally, Millennium Management LLC purchased a new stake in SLR Investment during the third quarter worth about $2,650,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

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.