SLR Investment (NASDAQ:SLRC) Lowered to “Sell” at StockNews.com

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

A number of other analysts have also issued reports on the company. Wells Fargo & Company lifted their target price on SLR Investment from $12.00 to $12.50 and gave the stock an “underweight” rating in a research report on Thursday, March 2nd. Compass Point downgraded SLR Investment from a “buy” rating to a “neutral” rating and set a $15.75 price target for the company. in a research note on Monday, February 6th. Finally, TheStreet downgraded SLR Investment from a “b” rating to a “c” rating in a research note on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, SLR Investment presently has an average rating of “Hold” and a consensus target price of $15.38.

SLR Investment Trading Down 1.7 %

NASDAQ:SLRC opened at $13.59 on Friday. The business’s 50-day moving average is $14.64 and its two-hundred day moving average is $14.62. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.00 and a quick ratio of 1.00. SLR Investment has a 12 month low of $12.08 and a 12 month high of $16.20. The firm has a market capitalization of $741.40 million, a PE ratio of 30.20 and a beta of 1.13.

SLR Investment (NASDAQ:SLRC – Get Rating) last announced its earnings results on Tuesday, February 28th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. SLR Investment had a return on equity of 8.05% and a net margin of 10.33%. The business had revenue of $54.15 million for the quarter, compared to analyst estimates of $54.73 million. Research analysts predict that SLR Investment will post 1.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Michael S. Gross bought 50,443 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The shares were purchased at an average price of $15.57 per share, with a total value of $785,397.51. Following the completion of the acquisition, the insider now directly owns 3,131,353 shares in the company, valued at $48,755,166.21. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other SLR Investment news, insider Michael S. Gross bought 53,294 shares of SLR Investment stock in a transaction dated Monday, March 6th. The stock was bought at an average price of $15.69 per share, for a total transaction of $836,182.86. Following the completion of the acquisition, the insider now directly owns 3,184,647 shares of the company’s stock, valued at $49,967,111.43. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael S. Gross bought 50,443 shares of SLR Investment stock in a transaction dated Friday, March 3rd. The stock was acquired at an average price of $15.57 per share, with a total value of $785,397.51. Following the acquisition, the insider now directly owns 3,131,353 shares of the company’s stock, valued at $48,755,166.21. The disclosure for this purchase can be found here. Insiders have bought a total of 138,365 shares of company stock valued at $2,174,243 over the last quarter. Corporate insiders own 7.40% of the company’s stock.

Institutional Trading of SLR Investment

A number of hedge funds have recently modified their holdings of the business. Apollon Wealth Management LLC acquired a new position in shares of SLR Investment in the third quarter worth $174,000. Cliffwater LLC increased its stake in shares of SLR Investment by 3.2% in the third quarter. Cliffwater LLC now owns 405,300 shares of the financial services provider’s stock worth $4,993,000 after acquiring an additional 12,718 shares during the last quarter. Clear Harbor Asset Management LLC increased its stake in shares of SLR Investment by 0.3% in the fourth quarter. Clear Harbor Asset Management LLC now owns 216,285 shares of the financial services provider’s stock worth $3,009,000 after acquiring an additional 683 shares during the last quarter. Great West Life Assurance Co. Can acquired a new position in shares of SLR Investment in the third quarter worth $942,000. Finally, SMH Capital Advisors Inc. acquired a new position in shares of SLR Investment in the third quarter worth $141,000. Hedge funds and other institutional investors own 33.85% of the company’s stock.

About SLR Investment

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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.