SLR Investment (NASDAQ:SLRC) Stock Rating Upgraded by LADENBURG THALM/SH SH

SLR Investment (NASDAQ:SLRC) was upgraded by equities researchers at LADENBURG THALM/SH SH from a “neutral” rating to a “buy” rating in a research note issued on Monday, Marketbeat reports. The brokerage presently has a $16.50 target price on the financial services provider’s stock. LADENBURG THALM/SH SH’s price target suggests a potential upside of 0.86% from the company’s previous close.

Several other research firms also recently issued reports on SLRC. Wells Fargo & Company reduced their price objective on SLR Investment from $13.00 to $12.00 and set an “underweight” rating on the stock in a report on Monday, April 28th. Raymond James reduced their price objective on shares of SLR Investment from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Friday, May 9th. JPMorgan Chase & Co. dropped their target price on shares of SLR Investment from $16.50 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, April 24th. Keefe, Bruyette & Woods lifted their price objective on SLR Investment from $16.00 to $17.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 4th. Finally, Compass Point upped their price objective on SLR Investment from $16.50 to $17.25 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.96.

SLR Investment Price Performance

Shares of SLRC stock opened at $16.36 on Monday. SLR Investment has a 52 week low of $13.64 and a 52 week high of $17.94. The stock has a market capitalization of $892.60 million, a PE ratio of 9.24 and a beta of 0.75. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s fifty day moving average is $16.01 and its 200-day moving average is $16.38.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. The firm had revenue of $53.18 million for the quarter, compared to analyst estimates of $53.43 million. Equities research analysts expect that SLR Investment will post 1.76 EPS for the current fiscal year.

Institutional Trading of SLR Investment

A number of institutional investors have recently made changes to their positions in SLRC. Raymond James Financial Inc. grew its position in SLR Investment by 12.3% in the first quarter. Raymond James Financial Inc. now owns 317,325 shares of the financial services provider’s stock valued at $5,350,000 after purchasing an additional 34,813 shares in the last quarter. Condor Capital Management boosted its stake in shares of SLR Investment by 14.8% during the 1st quarter. Condor Capital Management now owns 332,664 shares of the financial services provider’s stock worth $5,609,000 after buying an additional 42,851 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of SLR Investment by 35.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,649 shares of the financial services provider’s stock valued at $635,000 after acquiring an additional 9,921 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in shares of SLR Investment in the first quarter valued at about $1,031,000. Finally, N.E.W. Advisory Services LLC bought a new stake in SLR Investment during the first quarter worth about $31,000. Institutional investors own 35.32% of the company’s stock.

About SLR Investment

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.