SLR Investment (NASDAQ:SLRC) Rating Lowered to “Hold” at B. Riley Financial

SLR Investment (NASDAQ:SLRC) was downgraded by equities research analysts at B. Riley Financial from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

SLRC has been the topic of several other reports. Wells Fargo & Company cut their price target on shares of SLR Investment from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Thursday, May 7th. Weiss Ratings lowered SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Zacks Research upgraded SLR Investment from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Wall Street Zen downgraded shares of SLR Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, JPMorgan Chase & Co. decreased their price target on shares of SLR Investment from $13.50 to $12.00 and set an “underweight” rating for the company in a report on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $14.10.

SLR Investment Trading Up 1.6%

SLRC opened at $13.04 on Tuesday. The firm’s 50 day moving average is $12.77 and its 200-day moving average is $13.88. SLR Investment has a 52-week low of $12.13 and a 52-week high of $16.83. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $711.46 million, a P/E ratio of 9.66 and a beta of 0.64.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. The business had revenue of $20.50 million during the quarter, compared to the consensus estimate of $48.82 million. SLR Investment had a net margin of 35.20% and a return on equity of 7.96%. Analysts expect that SLR Investment will post 1.31 EPS for the current fiscal year.

Institutional Investors Weigh In On SLR Investment

Several large investors have recently added to or reduced their stakes in SLRC. Closed End Fund Advisors Inc. acquired a new stake in shares of SLR Investment in the fourth quarter valued at approximately $4,033,000. UBS Group AG boosted its position in shares of SLR Investment by 15.5% during the fourth quarter. UBS Group AG now owns 577,728 shares of the financial services provider’s stock worth $8,932,000 after buying an additional 77,705 shares during the period. Altrafin AG acquired a new position in shares of SLR Investment during the fourth quarter worth approximately $786,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in SLR Investment by 14.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 377,269 shares of the financial services provider’s stock worth $5,833,000 after buying an additional 47,231 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in SLR Investment by 18.5% in the 4th quarter. Legal & General Group Plc now owns 379,906 shares of the financial services provider’s stock worth $5,873,000 after buying an additional 59,194 shares in the last quarter. 35.32% of the stock is owned by institutional investors and hedge funds.

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.