SLR Investment (NASDAQ:SLRC) Price Target Raised to $17.00

SLR Investment (NASDAQ:SLRC) had its target price hoisted by analysts at Keefe, Bruyette & Woods from $16.00 to $17.00 in a research report issued to clients and 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 current price.

Separately, Wells Fargo & Company increased 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 investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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 stock has a market capitalization of $958.62 million, a price-to-earnings ratio of 9.93 and a beta of 1.14. The stock has a fifty day simple moving average of $16.82 and a two-hundred day simple moving average of $16.09. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11.

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

Hedge Funds Weigh In On SLR Investment

Institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in SLR Investment by 1,642.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,398 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 3,203 shares during the period. BNP Paribas Financial Markets bought a new stake in SLR Investment during the fourth quarter valued at approximately $58,000. Quantbot Technologies LP purchased a new stake in SLR Investment during the third quarter valued at approximately $90,000. Westend Capital Management LLC raised its position in SLR Investment by 71.3% in the fourth quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 3,082 shares during the period. Finally, Creative Planning purchased a new position in shares of SLR Investment during the 3rd quarter worth $170,000. 35.32% of the stock is currently owned by hedge funds and other 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.