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.
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
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.
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