B. Riley Financial Issues Pessimistic Forecast for SLR Investment (NASDAQ:SLRC) Stock Price

SLR Investment (NASDAQ:SLRC) had its price objective cut by equities researchers at B. Riley Financial from $14.00 to $13.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. B. Riley Financial‘s target price would indicate a potential upside of 9.11% from the stock’s current price.

Several other analysts also recently weighed in on the company. Wall Street Zen upgraded SLR Investment from a “sell” rating to a “hold” rating in a research note on Saturday, October 31st. Zacks Research upgraded SLR Investment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of SLR Investment in a report on Monday, October 26th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.92.

SLR Investment Stock Down 0.5%

Shares of NASDAQ SLRC traded down $0.07 during trading on Friday, reaching $11.91. 73,567 shares of the stock were exchanged, compared to its average volume of 382,748. The company has a market capitalization of $639.48 million, a price-to-earnings ratio of 11.27 and a beta of 0.69. The business’s 50-day moving average price is $11.82 and its 200 day moving average price is $13.35. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.14. SLR Investment has a twelve month low of $10.96 and a twelve month high of $16.36.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. SLR Investment had a net margin of 28.75% and a return on equity of 7.61%. The business had revenue of $49.34 million during the quarter, compared to analyst estimates of $48.93 million. As a group, equities analysts forecast that SLR Investment will post 1.31 EPS for the current fiscal year.

Insider Activity

In other SLR Investment news, insider Michael Gross bought 20,000 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were purchased at an average price of $12.35 per share, with a total value of $247,000.00. Following the completion of the acquisition, the insider directly owned 4,065,153 shares of the company’s stock, valued at approximately $50,204,639.55. The trade was a 0.49% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On SLR Investment

Several large investors have recently made changes to their positions in SLRC. Thornburg Investment Management Inc. grew its holdings in SLR Investment by 1.6% in the 2nd quarter. Thornburg Investment Management Inc. now owns 4,708,772 shares of the financial services provider’s stock worth $58,248,000 after buying an additional 75,341 shares in the last quarter. Sound Income Strategies LLC increased its position in SLR Investment by 7,441.0% in the 3rd quarter. Sound Income Strategies LLC now owns 1,629,154 shares of the financial services provider’s stock valued at $18,735,000 after acquiring an additional 1,607,550 shares during the period. Van ECK Associates Corp raised its stake in SLR Investment by 24.8% during the 2nd quarter. Van ECK Associates Corp now owns 1,104,114 shares of the financial services provider’s stock valued at $13,658,000 after acquiring an additional 219,110 shares in the last quarter. Legal & General Group Plc bought a new stake in SLR Investment during the 2nd quarter valued at $5,516,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in SLR Investment by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 378,888 shares of the financial services provider’s stock valued at $5,422,000 after acquiring an additional 1,619 shares in the last quarter. Institutional investors and hedge funds own 35.32% of the company’s stock.

SLR Investment Company Profile

SLR Investment Corp. (NASDAQ: SLRC) is a business development company that provides financing to middle-market companies, primarily in the United States. The company seeks to support businesses that may have limited access to traditional bank financing by investing in a range of debt and equity securities.

Its investment activities generally focus on senior secured loans, subordinated debt, mezzanine investments and equity interests. SLR Investment typically partners with private equity sponsors and company management teams, providing capital for acquisitions, recapitalizations, refinancing, growth initiatives and other corporate purposes.