SLR Investment (NASDAQ:SLRC) Upgraded to “Buy” at Compass Point

SLR Investment (NASDAQ:SLRC) was upgraded by research analysts at Compass Point from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage presently has a $16.50 price objective on the financial services provider’s stock. Compass Point’s target price would indicate a potential upside of 14.19% from the company’s current price.

A number of other brokerages have also issued reports on SLRC. Wells Fargo & Company cut their target price on shares of SLR Investment from $13.00 to $12.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 3rd. Keefe, Bruyette & Woods decreased their target price on shares of SLR Investment from $17.00 to $16.50 and set a “market perform” rating on the stock in a report on Tuesday, November 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of SLR Investment in a research note on Monday, December 29th. Finally, Raymond James Financial set a $16.00 target price on shares of SLR Investment and gave the company an “outperform” rating in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, SLR Investment presently has a consensus rating of “Hold” and a consensus price target of $15.64.

SLR Investment Price Performance

Shares of SLR Investment stock opened at $14.45 on Tuesday. SLR Investment has a 52-week low of $13.64 and a 52-week high of $17.94. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.04 and a current ratio of 1.04. The stock’s 50-day simple moving average is $15.07 and its 200 day simple moving average is $15.37.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Tuesday, February 24th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. The firm had revenue of $54.46 million for the quarter, compared to analyst estimates of $54.97 million. SLR Investment had a net margin of 42.34% and a return on equity of 8.76%. On average, equities research analysts forecast that SLR Investment will post 1.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SLR Investment

Several hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC grew its holdings in shares of SLR Investment by 173.3% during the first quarter. Acadian Asset Management LLC now owns 16,702 shares of the financial services provider’s stock worth $280,000 after buying an additional 10,591 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in SLR Investment by 5.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,078 shares of the financial services provider’s stock valued at $308,000 after buying an additional 1,004 shares during the last quarter. Wedbush Securities Inc. grew its holdings in shares of SLR Investment by 7.5% during the 2nd quarter. Wedbush Securities Inc. now owns 51,179 shares of the financial services provider’s stock worth $826,000 after acquiring an additional 3,592 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in SLR Investment by 58.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 59,519 shares of the financial services provider’s stock valued at $961,000 after buying an additional 21,870 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its stake in shares of SLR Investment by 297.2% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 42,259 shares of the financial services provider’s stock valued at $682,000 after purchasing an additional 31,621 shares during the last quarter. 35.32% of the stock is currently owned by hedge funds and other institutional investors.

SLR Investment Company Profile

SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.

SLR Investment Corp.