SLR Investment (NASDAQ:SLRC) Raised to Buy at LADENBURG THALM/SH SH

SLR Investment (NASDAQ:SLRC) was upgraded by stock analysts at LADENBURG THALM/SH SH from a “neutral” rating to a “buy” rating in a report issued on Monday,Briefing.com Automated Import reports. The firm presently has a $16.50 target price on the financial services provider’s stock. LADENBURG THALM/SH SH’s target price points to a potential upside of 4.17% from the stock’s current price.

Several other research firms also recently weighed in on SLRC. Keefe, Bruyette & Woods upped their price target on SLR Investment from $16.00 to $17.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 4th. Compass Point lifted their price objective on SLR Investment from $16.50 to $17.25 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Wells Fargo & Company dropped their price target on shares of SLR Investment from $13.00 to $12.00 and set an “underweight” rating for the company in a research report on Monday, April 28th. JPMorgan Chase & Co. dropped their price target on SLR Investment from $16.50 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, April 24th. Finally, Raymond James dropped their target price on SLR Investment from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.79.

SLR Investment Price Performance

SLRC opened at $15.84 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. The company has a market cap of $864.23 million, a price-to-earnings ratio of 8.95 and a beta of 0.75. The stock has a fifty day simple moving average of $16.06 and a two-hundred day simple moving average of $16.38. SLR Investment has a 12-month low of $13.64 and a 12-month high of $17.94.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. The company had revenue of $53.18 million during the quarter, compared to analysts’ expectations of $53.43 million. Research analysts predict that SLR Investment will post 1.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. N.E.W. Advisory Services LLC acquired a new stake in SLR Investment in the 1st quarter valued at about $31,000. Tower Research Capital LLC TRC raised its holdings in shares of 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 buying an additional 3,203 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in SLR Investment in the 4th quarter valued at about $58,000. Westend Capital Management LLC lifted its holdings in shares of SLR Investment by 71.3% during the fourth quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 3,082 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of SLR Investment in the fourth quarter valued at about $191,000. 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.