Wells Fargo & Company Lowers SLR Investment (NASDAQ:SLRC) Price Target to $11.00

SLR Investment (NASDAQ:SLRC) had its price objective reduced by research analysts at Wells Fargo & Company from $12.00 to $11.00 in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm presently has an “underweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target points to a potential downside of 18.46% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on SLR Investment from $15.00 to $14.00 and set an “underweight” rating for the company in a research report on Friday, March 13th. Raymond James Financial set a $16.00 target price on SLR Investment and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Wall Street Zen raised SLR Investment from a “sell” rating to a “hold” rating in a research report on Sunday, April 12th. Keefe, Bruyette & Woods reduced their price objective on SLR Investment from $16.50 to $15.00 and set a “market perform” rating for the company in a research report on Monday, March 30th. Finally, Compass Point raised SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price objective for the company in a research report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.07.

SLR Investment Stock Down 1.2%

Shares of SLR Investment stock opened at $13.49 on Thursday. The stock has a market capitalization of $736.01 million, a P/E ratio of 8.23 and a beta of 0.71. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The stock has a 50 day moving average price of $14.83 and a two-hundred day moving average price of $15.14. SLR Investment has a 12-month low of $13.41 and a 12-month high of $17.19.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Tuesday, May 5th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The company had revenue of $47.14 million for the quarter, compared to the consensus estimate of $54.01 million. SLR Investment had a return on equity of 8.33% and a net margin of 41.81%. Equities analysts expect that SLR Investment will post 1.62 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Michael S. Gross bought 25,000 shares of SLR Investment stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $13.91 per share, with a total value of $347,750.00. Following the completion of the transaction, the insider directly owned 4,014,701 shares in the company, valued at $55,844,490.91. This trade represents a 0.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SLRC. Kelleher Financial Advisors acquired a new position in SLR Investment during the fourth quarter worth $26,000. BNP Paribas Financial Markets raised its stake in SLR Investment by 1,389.8% during 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. CWM LLC raised its stake in SLR Investment by 215.6% during the third quarter. CWM LLC now owns 2,367 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 1,617 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in SLR Investment during the third quarter worth $38,000. Finally, International Assets Investment Management LLC acquired a new position in SLR Investment during the fourth quarter worth $42,000. 35.32% of the stock is currently owned by institutional investors and hedge funds.

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.