Wells Fargo & Company Has Lowered Expectations for SLR Investment (NASDAQ:SLRC) Stock Price

SLR Investment (NASDAQ:SLRC) had its price target decreased by stock analysts at Wells Fargo & Company from $12.00 to $11.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target points to a potential downside of 19.09% from the company’s current price.

A number of other research firms have also issued reports on SLRC. Wall Street Zen upgraded SLR Investment from a “sell” rating to a “hold” rating in a report on Sunday, April 12th. JPMorgan Chase & Co. reduced their target price on SLR Investment from $15.00 to $14.00 and set an “underweight” rating for the company in a report on Friday, March 13th. Compass Point raised shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price target on the stock in a research note on Tuesday, March 10th. Keefe, Bruyette & Woods dropped their price target on shares of SLR Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a research note on Monday, March 30th. Finally, Raymond James Financial set a $16.00 price target on shares of SLR Investment and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.14.

SLR Investment Stock Down 2.5%

Shares of SLRC traded down $0.36 during mid-day trading on Thursday, reaching $13.60. The company’s stock had a trading volume of 839,684 shares, compared to its average volume of 350,487. The business has a fifty day moving average of $14.85 and a 200 day moving average of $15.14. The company has a market cap of $741.68 million, a price-to-earnings ratio of 8.29 and a beta of 0.71. SLR Investment has a 1 year low of $13.41 and a 1 year high of $17.19. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

SLR Investment (NASDAQ:SLRC) last released its earnings results on Tuesday, May 5th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The business had revenue of $47.14 million during the quarter, compared to analysts’ expectations of $54.01 million. SLR Investment had a net margin of 41.81% and a return on equity of 8.32%. As a group, analysts forecast that SLR Investment will post 1.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SLR Investment news, insider Michael S. Gross bought 25,000 shares of the stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $13.91 per share, with a total value of $347,750.00. Following the completion of the transaction, the insider directly owned 4,014,701 shares of the company’s stock, valued at $55,844,490.91. This represents a 0.63% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.80% of the stock is owned by insiders.

Institutional Investors Weigh In On SLR Investment

A number of hedge funds have recently bought and sold shares of SLRC. Kelleher Financial Advisors bought a new stake in shares of SLR Investment in the fourth quarter valued at about $26,000. BNP Paribas Financial Markets increased its holdings in shares of SLR Investment by 1,389.8% during the third quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,640 shares in the last quarter. CWM LLC increased its holdings in shares of SLR Investment by 215.6% in the third quarter. CWM LLC now owns 2,367 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,617 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of SLR Investment in the third quarter valued at approximately $38,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of SLR Investment in the fourth quarter valued at approximately $42,000. 35.32% of the stock is currently owned by institutional investors.

About SLR Investment

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.