SLR Investment Corp. (NASDAQ:SLRC – Get Rating) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 302,600 shares, a decline of 29.8% from the April 15th total of 430,800 shares. Based on an average daily trading volume, of 251,000 shares, the days-to-cover ratio is presently 1.2 days.
SLR Investment stock opened at $15.64 on Friday. SLR Investment has a 12 month low of $15.13 and a 12 month high of $20.05. The stock’s 50 day moving average is $17.39 and its 200-day moving average is $18.25. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $856.60 million, a price-to-earnings ratio of 16.64 and a beta of 1.14.
SLR Investment (NASDAQ:SLRC – Get Rating) last posted its earnings results on Tuesday, March 1st. The financial services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). SLR Investment had a net margin of 28.96% and a return on equity of 7.11%. The firm had revenue of $35.73 million during the quarter, compared to analyst estimates of $37.17 million. During the same period in the previous year, the company posted $0.35 EPS. As a group, equities research analysts predict that SLR Investment will post 1.43 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the stock. Ares Management LLC boosted its stake in shares of SLR Investment by 19.3% in the first quarter. Ares Management LLC now owns 1,895,303 shares of the financial services provider’s stock valued at $34,362,000 after buying an additional 306,084 shares during the period. Northern Trust Corp bought a new stake in shares of SLR Investment in the first quarter valued at approximately $259,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of SLR Investment in the first quarter valued at approximately $29,000. Cliffwater LLC boosted its stake in shares of SLR Investment by 1.9% in the first quarter. Cliffwater LLC now owns 365,228 shares of the financial services provider’s stock valued at $6,622,000 after buying an additional 6,684 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in shares of SLR Investment by 15.4% in the first quarter. Mackenzie Financial Corp now owns 85,653 shares of the financial services provider’s stock valued at $1,553,000 after buying an additional 11,434 shares during the period.
A number of equities analysts have weighed in on SLRC shares. TheStreet downgraded SLR Investment from a “b-” rating to a “c” rating in a research report on Wednesday, March 9th. StockNews.com raised SLR Investment from a “sell” rating to a “hold” rating in a research report on Wednesday. Maxim Group started coverage on SLR Investment in a research report on Monday, April 25th. They set a “buy” rating and a $20.00 price target on the stock. Wells Fargo & Company lowered their price target on SLR Investment from $17.25 to $16.00 and set an “equal weight” rating on the stock in a research report on Monday, April 25th. Finally, Zacks Investment Research downgraded SLR Investment from a “hold” rating to a “sell” rating in a research report on Saturday, March 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $19.40.
SLR Investment Company Profile (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.
- Get a free copy of the StockNews.com research report on SLR Investment (SLRC)
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