Wells Fargo & Company Lowers SLR Investment (NASDAQ:SLRC) Price Target to $12.00

SLR Investment (NASDAQ:SLRC) had its target price dropped by equities research analysts at Wells Fargo & Company from $13.00 to $12.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “underweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential downside of 24.17% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of SLR Investment from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 4th. Compass Point boosted their target price on SLR Investment from $16.50 to $17.25 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. reduced their price target on SLR Investment from $16.50 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.65.

SLR Investment Price Performance

Shares of SLRC traded up $0.14 during mid-day trading on Monday, reaching $15.83. 14,457 shares of the stock traded hands, compared to its average volume of 163,072. The firm has a fifty day moving average price of $16.45 and a 200 day moving average price of $16.36. SLR Investment has a 1 year low of $13.64 and a 1 year high of $17.94. 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 company has a market cap of $863.41 million, a price-to-earnings ratio of 8.94 and a beta of 0.90.

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

Institutional Investors Weigh In On SLR Investment

Several hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings in shares of SLR Investment by 1,642.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,398 shares of the financial services provider’s stock valued at $55,000 after buying an additional 3,203 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of SLR Investment in the 4th quarter worth approximately $58,000. Westend Capital Management LLC grew its stake in shares of SLR Investment by 71.3% in the 4th quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock worth $120,000 after buying an additional 3,082 shares during the last quarter. XTX Topco Ltd purchased a new position in SLR Investment during the fourth quarter valued at $191,000. Finally, Wells Fargo & Company MN boosted its holdings in SLR Investment by 39.8% in the fourth quarter. Wells Fargo & Company MN now owns 12,480 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 3,551 shares in the last quarter. 35.32% of the stock is currently owned by institutional investors.

SLR Investment Company Profile

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.