JPMorgan Chase & Co. Lowers SLR Investment (NASDAQ:SLRC) Price Target to $14.00

SLR Investment (NASDAQ:SLRC) had its price objective decreased by JPMorgan Chase & Co. from $15.00 to $14.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 1.23% from the company’s current price.

A number of other brokerages have also weighed in on SLRC. Raymond James Financial set a $16.00 price target on shares of SLR Investment and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Keefe, Bruyette & Woods dropped their price objective on shares of SLR Investment from $17.00 to $16.50 and set a “market perform” rating on the stock in a report on Tuesday, November 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SLR Investment in a research report on Monday, December 29th. Compass Point raised shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 target price for the company in a research note on Tuesday, March 10th. Finally, Wells Fargo & Company lowered their target price on SLR Investment from $13.00 to $12.00 and set an “underweight” rating for the company in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.50.

SLR Investment Stock Performance

NASDAQ:SLRC opened at $13.83 on Friday. SLR Investment has a fifty-two week low of $13.64 and a fifty-two week high of $17.26. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.15. The business’s 50-day simple moving average is $14.98 and its 200-day simple moving average is $15.32.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings data on Tuesday, February 24th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. SLR Investment had a return on equity of 8.76% and a net margin of 42.34%.The business had revenue of $54.46 million during the quarter, compared to analyst estimates of $54.97 million. Research analysts anticipate that SLR Investment will post 1.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SLR Investment

A number of large investors have recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. lifted its holdings in SLR Investment by 4.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 14,904 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 633 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of SLR Investment by 2.2% in the third quarter. Chicago Partners Investment Group LLC now owns 30,599 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 672 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of SLR Investment by 2.3% in the fourth quarter. Inspire Investing LLC now owns 30,238 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 688 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of SLR Investment by 4.3% in the third quarter. Envestnet Asset Management Inc. now owns 19,902 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 824 shares during the period. Finally, NewEdge Wealth LLC raised its position in shares of SLR Investment by 0.9% in the fourth quarter. NewEdge Wealth LLC now owns 96,455 shares of the financial services provider’s stock valued at $1,491,000 after purchasing an additional 881 shares during the period. Institutional investors own 35.32% of the company’s stock.

SLR Investment Company Profile

SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.

SLR Investment Corp.