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

SLR Investment (NASDAQ:SLRC) had its target price cut by analysts at JPMorgan Chase & Co. from $15.00 to $14.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 0.47% from the stock’s current price.

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

SLR Investment Price Performance

NASDAQ:SLRC traded down $0.29 during mid-day trading on Friday, hitting $13.94. 137,510 shares of the stock traded hands, compared to its average volume of 294,498. The business’s 50-day moving average price is $15.01 and its 200 day moving average price is $15.35. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 1.04. SLR Investment has a 12-month low of $13.64 and a 12-month high of $17.26.

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

Institutional Investors Weigh In On SLR Investment

A number of institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in SLR Investment during the fourth quarter valued at about $205,000. Sunbelt Securities Inc. increased its holdings in shares of SLR Investment by 10.1% in the fourth quarter. Sunbelt Securities Inc. now owns 114,137 shares of the financial services provider’s stock worth $1,765,000 after buying an additional 10,496 shares during the period. Mackenzie Financial Corp lifted its stake in shares of SLR Investment by 5.6% in the 4th quarter. Mackenzie Financial Corp now owns 38,894 shares of the financial services provider’s stock valued at $600,000 after acquiring an additional 2,074 shares during the last quarter. VARCOV Co. bought a new stake in shares of SLR Investment in the 4th quarter valued at about $395,000. Finally, Intrepid Family Office LLC boosted its holdings in SLR Investment by 6.0% during the 4th quarter. Intrepid Family Office LLC now owns 265,000 shares of the financial services provider’s stock valued at $4,097,000 after acquiring an additional 15,000 shares during the period. Hedge funds and other institutional investors own 35.32% of the company’s stock.

About SLR Investment

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.