SLR Investment (NASDAQ:SLRC – Get 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.
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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