Wells Fargo & Company Cuts SLR Investment (NASDAQ:SLRC) Price Target to $16.00

SLR Investment (NASDAQ:SLRCGet Rating) had its price objective dropped by analysts at Wells Fargo & Company from $17.25 to $16.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price indicates a potential downside of 7.25% from the stock’s current price.

SLRC has been the subject of several other reports. Maxim Group started coverage on SLR Investment in a research report on Monday. They set a “buy” rating for the company. StockNews.com began coverage on SLR Investment in a research report on Thursday, March 31st. They issued a “sell” rating for the company. TheStreet cut SLR Investment from a “b-” rating to a “c” rating in a research report on Wednesday, March 9th. Finally, Zacks Investment Research cut SLR Investment from a “hold” rating to a “sell” rating in a research report on Saturday, March 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, SLR Investment has a consensus rating of “Hold” and an average price target of $19.25.

Shares of NASDAQ SLRC opened at $17.25 on Monday. The stock’s 50-day moving average is $17.91 and its two-hundred day moving average is $18.58. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.95 and a quick ratio of 0.95. SLR Investment has a 1-year low of $17.15 and a 1-year high of $20.05. The company has a market cap of $728.99 million, a price-to-earnings ratio of 12.23 and a beta of 1.16.

SLR Investment (NASDAQ:SLRCGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The financial services provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.03). SLR Investment had a return on equity of 7.15% and a net margin of 42.74%. The company had revenue of $35.73 million for the quarter, compared to analysts’ expectations of $37.17 million. During the same quarter last year, the company earned $0.35 EPS. Equities research analysts anticipate that SLR Investment will post 1.55 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Allworth Financial LP purchased a new position in SLR Investment in the 1st quarter valued at approximately $30,000. Moors & Cabot Inc. acquired a new stake in SLR Investment during the 3rd quarter valued at $55,000. Geneos Wealth Management Inc. grew its holdings in SLR Investment by 404.3% during the 3rd quarter. Geneos Wealth Management Inc. now owns 3,152 shares of the financial services provider’s stock valued at $60,000 after buying an additional 2,527 shares during the last quarter. City State Bank acquired a new stake in SLR Investment during the 4th quarter valued at $60,000. Finally, Russell Investments Group Ltd. acquired a new stake in SLR Investment during the 4th quarter valued at $174,000. 47.31% of the stock is 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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