Compass Point Forecasts Strong Price Appreciation for SLR Investment (NASDAQ:SLRC) Stock

SLR Investment (NASDAQ:SLRC) had its target price increased by analysts at Compass Point from $16.50 to $17.25 in a research note issued on Tuesday, Marketbeat.com reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Compass Point’s price target would indicate a potential downside of 0.40% from the company’s current price.

A number of other analysts also recently weighed in on SLRC. Keefe, Bruyette & Woods upped their target price on SLR Investment from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Tuesday, March 4th. Wells Fargo & Company upped their price objective on shares of SLR Investment from $12.50 to $13.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, SLR Investment currently has an average rating of “Hold” and a consensus price target of $15.85.

SLR Investment Stock Performance

Shares of SLRC stock opened at $17.32 on Tuesday. The company has a fifty day moving average price of $17.00 and a two-hundred day moving average price of $16.20. SLR Investment has a one year low of $14.41 and a one year high of $17.94. The stock has a market cap of $944.98 million, a P/E ratio of 9.79 and a beta of 1.13. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06.

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

Institutional Investors Weigh In On SLR Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake 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 purchasing an additional 3,203 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of SLR Investment during the 4th quarter valued at $58,000. Quantbot Technologies LP purchased a new position in shares of SLR Investment during the 3rd quarter valued at $90,000. Westend Capital Management LLC grew its stake in shares of SLR Investment by 71.3% during the 4th 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 stake in SLR Investment in the 3rd quarter worth about $170,000. Hedge funds and other institutional investors 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.