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

SLR Investment (NASDAQ:SLRC – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday, Wall Street Zen reports.

SLRC has been the topic of several other reports. Weiss Ratings cut shares of SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Zacks Research upgraded SLR Investment from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. lowered their target price on SLR Investment from $13.50 to $12.00 and set an “underweight” rating for the company in a report on Thursday, July 2nd. Finally, B. Riley Financial downgraded SLR Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.10.

View Our Latest Stock Report on SLR Investment

SLR Investment Stock Performance

Shares of SLRC opened at $11.38 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.09. SLR Investment has a twelve month low of $11.23 and a twelve month high of $16.36. The firm’s 50 day moving average price is $12.16 and its two-hundred day moving average price is $13.05. The firm has a market cap of $620.89 million, a P/E ratio of 8.43 and a beta of 0.69.

SLR Investment (NASDAQ:SLRC – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33. SLR Investment had a net margin of 35.20% and a return on equity of 7.96%. The company had revenue of $20.50 million during the quarter, compared to the consensus estimate of $48.82 million. On average, analysts forecast that SLR Investment will post 1.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other SLR Investment news, insider Michael Gross purchased 20,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was bought at an average cost of $12.35 per share, with a total value of $247,000.00. Following the purchase, the insider directly owned 4,065,153 shares of the company’s stock, valued at $50,204,639.55. The trade was a 0.49% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 9.10% of the stock is currently owned by company insiders.

Institutional Trading of SLR Investment

Institutional investors have recently made changes to their positions in the business. Thornburg Investment Management Inc. boosted its holdings in SLR Investment by 1.6% during the second quarter. Thornburg Investment Management Inc. now owns 4,708,772 shares of the financial services provider’s stock worth $58,248,000 after purchasing an additional 75,341 shares during the last quarter. Sound Income Strategies LLC grew its position in SLR Investment by 7,441.0% in the third quarter. Sound Income Strategies LLC now owns 1,629,154 shares of the financial services provider’s stock valued at $18,735,000 after purchasing an additional 1,607,550 shares in the last quarter. Van ECK Associates Corp increased its stake in SLR Investment by 24.8% in the 2nd quarter. Van ECK Associates Corp now owns 1,104,114 shares of the financial services provider’s stock valued at $13,658,000 after buying an additional 219,110 shares during the last quarter. Legal & General Group Plc acquired a new stake in SLR Investment in the 2nd quarter valued at $5,516,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in SLR Investment by 0.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 378,888 shares of the financial services provider’s stock valued at $5,422,000 after buying an additional 1,619 shares during the last quarter. Institutional investors own 35.32% of the company’s stock.

About SLR Investment

(Get Free Report)

SLR Investment Corp. (NASDAQ: SLRC) is a closed-end business development company that provides financing to middle-market companies. The company primarily invests in privately held businesses through senior secured loans, including first-lien and unitranche loans, and may also make subordinated debt and equity investments.

SLR Investment focuses on companies with established operations across a range of industries. Its investment strategy is designed to provide businesses with capital for acquisitions, recapitalizations, growth initiatives, refinancings and other general corporate purposes.

See Also

Analyst Recommendations for SLR Investment (NASDAQ:SLRC)

Receive News & Ratings for SLR Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLR Investment and related companies with MarketBeat.com's FREE daily email newsletter.