SLR Investment (NASDAQ:SLRC) Stock Rating Upgraded by StockNews.com

SLR Investment (NASDAQ:SLRC – Get Rating) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company increased their price target on shares of SLR Investment from $12.00 to $12.50 and gave the company an “underweight” rating in a report on Thursday. Compass Point cut shares of SLR Investment from a “buy” rating to a “neutral” rating and set a $15.75 target price on the stock. in a research report on Monday, February 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, SLR Investment has an average rating of “Hold” and a consensus target price of $16.04.

SLR Investment Stock Up 2.6 %

SLRC stock opened at $15.62 on Friday. The company has a fifty day moving average price of $14.94 and a 200 day moving average price of $14.42. SLR Investment has a 12 month low of $12.08 and a 12 month high of $18.68. The company has a market cap of $852.23 million, a price-to-earnings ratio of 43.39 and a beta of 1.12. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.00 and a quick ratio of 1.00.

Insider Buying and Selling

In related news, insider Bruce J. Spohler acquired 59,400 shares of SLR Investment stock in a transaction that occurred on Monday, December 5th. The stock was acquired at an average price of $15.02 per share, with a total value of $892,188.00. Following the completion of the acquisition, the insider now directly owns 3,249,327 shares of the company’s stock, valued at approximately $48,804,891.54. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.40% of the company’s stock.

Institutional Trading of SLR Investment

Several institutional investors and hedge funds have recently bought and sold shares of SLRC. Envestnet Asset Management Inc. acquired a new stake in SLR Investment during the 1st quarter worth about $197,000. PNC Financial Services Group Inc. boosted its position in SLR Investment by 140.3% during the first quarter. PNC Financial Services Group Inc. now owns 31,959 shares of the financial services provider’s stock worth $580,000 after purchasing an additional 18,660 shares during the period. Blair William & Co. IL boosted its position in shares of SLR Investment by 38.7% in the first quarter. Blair William & Co. IL now owns 73,606 shares of the financial services provider’s stock valued at $1,334,000 after acquiring an additional 20,529 shares during the period. Sei Investments Co. boosted its position in shares of SLR Investment by 2.1% in the first quarter. Sei Investments Co. now owns 302,464 shares of the financial services provider’s stock valued at $5,483,000 after acquiring an additional 6,102 shares during the period. Finally, Mackenzie Financial Corp boosted its position 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 acquiring an additional 11,434 shares during the period. Institutional investors and hedge funds own 33.85% of the company’s stock.

SLR Investment Company Profile

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SLR Investment Corp. is a closed-end investment company. It provides financing for equity, debt and senior secured loans for working capital, acquisition, refinancing and growth capital requirements. It makes control investments. The company was founded in November 2007, and is headquartered in New York, NY.