B. Riley Financial Downgrades SLR Investment (NASDAQ:SLRC) to Hold

SLR Investment (NASDAQ:SLRC) was downgraded by equities researchers at B. Riley Financial from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities analysts have also commented on SLRC. JPMorgan Chase & Co. decreased their price objective on shares of SLR Investment from $13.50 to $12.00 and set an “underweight” rating on the stock in a report on Thursday, July 2nd. Wells Fargo & Company cut their target price on SLR Investment from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Weiss Ratings lowered SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Wall Street Zen cut SLR Investment from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Zacks Research upgraded SLR Investment from a “strong sell” rating to a “hold” rating in a report on Tuesday. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.10.

SLR Investment Price Performance

SLRC stock opened at $13.04 on Tuesday. SLR Investment has a 1 year low of $12.13 and a 1 year high of $16.83. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $711.46 million, a PE ratio of 9.66 and a beta of 0.64. The business has a 50 day simple moving average of $12.77 and a 200-day simple moving average of $13.88.

SLR Investment (NASDAQ:SLRC) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. SLR Investment had a return on equity of 7.96% and a net margin of 35.20%.The business had revenue of $20.50 million during the quarter, compared to the consensus estimate of $48.82 million. Equities research analysts anticipate that SLR Investment will post 1.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SLR Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in shares of SLR Investment by 1,389.8% in the third quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,640 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in SLR Investment during the 2nd quarter worth approximately $28,000. International Assets Investment Management LLC purchased a new stake in shares of SLR Investment in the 4th quarter valued at approximately $42,000. Russell Investments Group Ltd. acquired a new stake in shares of SLR Investment in the 3rd quarter valued at $48,000. Finally, Greykasell Wealth Strategies Inc. purchased a new stake in shares of SLR Investment during the 4th quarter worth $59,000. Hedge funds and other 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.