SLR Investment (NASDAQ:SLRC) Rating Lowered to “Sell” at Wall Street Zen

SLR Investment (NASDAQ:SLRC) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SLR Investment in a report on Saturday, September 27th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $13.00 price objective (up previously from $12.00) on shares of SLR Investment in a report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of SLR Investment from $16.00 to $15.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $16.11.

SLR Investment Trading Down 1.3%

SLRC stock opened at $14.07 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.18. SLR Investment has a fifty-two week low of $13.64 and a fifty-two week high of $17.94. The firm’s 50-day simple moving average is $16.00 and its 200 day simple moving average is $16.05.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). SLR Investment had a return on equity of 9.26% and a net margin of 39.93%.The firm had revenue of $53.91 million during the quarter, compared to analyst estimates of $53.38 million. Analysts predict that SLR Investment will post 1.76 EPS for the current year.

Insider Buying and Selling

In related news, Director Andrea Colvin Roberts bought 7,190 shares of the stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of $16.73 per share, with a total value of $120,288.70. Following the purchase, the director owned 7,190 shares in the company, valued at approximately $120,288.70. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 8.80% of the company’s stock.

Hedge Funds Weigh In On SLR Investment

Several hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. grew its stake in shares of SLR Investment by 1,413.2% in the 2nd quarter. Franklin Resources Inc. now owns 354,701 shares of the financial services provider’s stock worth $5,725,000 after purchasing an additional 331,260 shares during the last quarter. Epiq Partners LLC grew its stake in shares of SLR Investment by 7.4% in the 2nd quarter. Epiq Partners LLC now owns 351,960 shares of the financial services provider’s stock worth $5,681,000 after purchasing an additional 24,400 shares during the last quarter. Condor Capital Management grew its stake in shares of SLR Investment by 2.8% in the 2nd quarter. Condor Capital Management now owns 341,820 shares of the financial services provider’s stock worth $5,517,000 after purchasing an additional 9,156 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of SLR Investment by 3.0% in the 2nd quarter. Raymond James Financial Inc. now owns 326,952 shares of the financial services provider’s stock worth $5,277,000 after purchasing an additional 9,627 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of SLR Investment by 17.8% in the 2nd quarter. Sei Investments Co. now owns 306,107 shares of the financial services provider’s stock worth $4,941,000 after purchasing an additional 46,230 shares during the last quarter. Institutional investors and hedge funds own 35.32% of the company’s stock.

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.