SLR Investment (NASDAQ:SLRC) Receives New Coverage from Analysts at Maxim Group

Analysts at Maxim Group assumed coverage on shares of SLR Investment (NASDAQ:SLRC – Get Rating) in a note issued to investors on Monday, The Fly reports. The firm set a “buy” rating on the financial services provider’s stock.

A number of other analysts also recently issued reports on SLRC. StockNews.com assumed coverage on shares of SLR Investment in a report on Thursday, March 31st. They issued a “sell” rating on the stock. TheStreet downgraded shares of SLR Investment from a “b-” rating to a “c” rating in a report on Wednesday, March 9th. Zacks Investment Research cut shares of SLR Investment from a “hold” rating to a “sell” rating in a research note on Saturday, March 5th. Finally, Wells Fargo & Company decreased their target price on shares of SLR Investment from $18.25 to $17.25 and set an “equal weight” rating for the company in a research note on Thursday, March 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.56.

Shares of SLRC stock opened at $17.25 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $728.99 million, a P/E ratio of 12.23 and a beta of 1.16. The company’s 50 day moving average price is $17.91 and its two-hundred day moving average price is $18.58. SLR Investment has a 52 week low of $17.15 and a 52 week high of $20.05.

SLR Investment (NASDAQ:SLRC – Get Rating) last posted its quarterly earnings data on Tuesday, March 1st. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.03). SLR Investment had a net margin of 42.74% and a return on equity of 7.15%. The business had revenue of $35.73 million during the quarter, compared to analyst estimates of $37.17 million. During the same quarter last year, the business earned $0.35 earnings per share. Analysts forecast that SLR Investment will post 1.55 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of SLR Investment by 4.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,057,097 shares of the financial services provider’s stock valued at $37,912,000 after buying an additional 86,375 shares during the last quarter. Ares Management LLC raised its position in shares of SLR Investment by 7.8% during the 4th quarter. Ares Management LLC now owns 1,589,219 shares of the financial services provider’s stock worth $29,289,000 after purchasing an additional 115,661 shares during the last quarter. Van ECK Associates Corp raised its position in shares of SLR Investment by 9.1% during the 4th quarter. Van ECK Associates Corp now owns 576,895 shares of the financial services provider’s stock worth $10,632,000 after purchasing an additional 48,168 shares during the last quarter. Cliffwater LLC raised its holdings in SLR Investment by 1.0% in the 3rd quarter. Cliffwater LLC now owns 344,276 shares of the financial services provider’s stock valued at $6,586,000 after acquiring an additional 3,351 shares during the last quarter. Finally, Callodine Capital Management LP raised its holdings in SLR Investment by 27.5% in the 3rd quarter. Callodine Capital Management LP now owns 325,010 shares of the financial services provider’s stock valued at $6,217,000 after acquiring an additional 70,010 shares during the last quarter. 47.31% of the stock is currently owned by institutional investors and hedge funds.

About SLR Investment (Get Rating)

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.

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