Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for SLR Investment (NASDAQ:SLRC) Stock

SLR Investment (NASDAQ:SLRC) had its price target hoisted by research analysts at Keefe, Bruyette & Woods from $16.00 to $17.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential downside of 3.08% from the stock’s previous close.

Separately, Wells Fargo & Company lifted their price target on shares of SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, SLR Investment currently has an average rating of “Hold” and an average target price of $15.50.

SLR Investment Trading Down 0.3 %

Shares of SLRC stock opened at $17.54 on Tuesday. The stock has a market cap of $956.98 million, a price-to-earnings ratio of 9.91 and a beta of 1.14. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11. SLR Investment has a fifty-two week low of $14.41 and a fifty-two week high of $17.85. The firm’s 50 day moving average price is $16.87 and its two-hundred day moving average price is $16.12.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm 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%. On average, analysts anticipate that SLR Investment will post 1.76 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Virtus ETF Advisers LLC lifted its position in shares of SLR Investment by 1.1% during the fourth quarter. Virtus ETF Advisers LLC now owns 51,000 shares of the financial services provider’s stock worth $824,000 after purchasing an additional 574 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of SLR Investment by 2.1% during the fourth quarter. Chicago Partners Investment Group LLC now owns 30,884 shares of the financial services provider’s stock worth $504,000 after purchasing an additional 627 shares in the last quarter. Sei Investments Co. lifted its position in shares of SLR Investment by 0.4% during the fourth quarter. Sei Investments Co. now owns 260,443 shares of the financial services provider’s stock worth $4,209,000 after purchasing an additional 1,059 shares in the last quarter. Wedbush Securities Inc. increased its stake in shares of SLR Investment by 2.8% in the fourth quarter. Wedbush Securities Inc. now owns 42,983 shares of the financial services provider’s stock worth $695,000 after buying an additional 1,170 shares during the last quarter. Finally, Kelleher Financial Advisors raised its holdings in SLR Investment by 8.6% in the fourth quarter. Kelleher Financial Advisors now owns 15,914 shares of the financial services provider’s stock valued at $257,000 after acquiring an additional 1,254 shares in the last quarter. 35.32% of the stock is owned by institutional investors and hedge funds.

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.