SLR Investment (NASDAQ:SLRC) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

SLR Investment (NASDAQ:SLRC) had its price target lifted by equities research analysts at Keefe, Bruyette & Woods from $16.00 to $17.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential downside of 3.24% from the stock’s previous close.

Separately, Wells Fargo & Company upped their price target on shares of SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, SLR Investment currently has an average rating of “Hold” and an average target price of $15.50.

SLR Investment Stock Down 0.3 %

Shares of NASDAQ:SLRC opened at $17.57 on Tuesday. SLR Investment has a 12-month low of $14.41 and a 12-month high of $17.85. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. The stock’s 50-day moving average price is $16.82 and its 200-day moving average price is $16.09. The stock has a market capitalization of $958.62 million, a P/E ratio of 9.93 and a beta of 1.14.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The business had revenue of $55.58 million for the quarter, compared to analyst estimates of $57.08 million. On average, equities analysts anticipate that SLR Investment will post 1.76 earnings per share for the current year.

Institutional Investors Weigh In On SLR Investment

Institutional investors and hedge funds have recently modified their holdings of the stock. Virtus ETF Advisers LLC raised its stake in SLR Investment by 1.1% in the fourth quarter. Virtus ETF Advisers LLC now owns 51,000 shares of the financial services provider’s stock worth $824,000 after buying an additional 574 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in SLR Investment by 2.1% in the fourth quarter. Chicago Partners Investment Group LLC now owns 30,884 shares of the financial services provider’s stock worth $504,000 after purchasing an additional 627 shares during the period. Sei Investments Co. raised its holdings in SLR Investment by 0.4% in the fourth quarter. Sei Investments Co. now owns 260,443 shares of the financial services provider’s stock worth $4,209,000 after purchasing an additional 1,059 shares in the last quarter. Wedbush Securities Inc. lifted its position in SLR Investment by 2.8% during the fourth quarter. Wedbush Securities Inc. now owns 42,983 shares of the financial services provider’s stock valued at $695,000 after buying an additional 1,170 shares during the period. Finally, Kelleher Financial Advisors boosted its holdings in shares of SLR Investment by 8.6% during the 4th quarter. Kelleher Financial Advisors now owns 15,914 shares of the financial services provider’s stock valued at $257,000 after buying an additional 1,254 shares in the last quarter. 35.32% of the stock is owned by hedge funds and other institutional investors.

About SLR Investment

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.