SLR Investment (NASDAQ:SLRC) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of SLR Investment (NASDAQ:SLRC) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Other research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods boosted their price objective on shares of SLR Investment from $15.50 to $16.00 and gave the company a “market perform” rating in a report on Thursday, May 23rd. B. Riley reiterated a “neutral” rating and issued a $17.00 price target (up previously from $16.00) on shares of SLR Investment in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.25.

SLR Investment Trading Down 0.1 %

Shares of SLRC traded down $0.02 on Tuesday, reaching $15.87. 15,250 shares of the company’s stock were exchanged, compared to its average volume of 160,623. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $865.87 million, a P/E ratio of 8.93 and a beta of 1.13. The business has a 50 day moving average price of $16.17 and a two-hundred day moving average price of $15.56. SLR Investment has a 12 month low of $13.93 and a 12 month high of $16.77.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. The business had revenue of $58.10 million during the quarter, compared to the consensus estimate of $58.96 million. SLR Investment had a net margin of 41.66% and a return on equity of 9.51%. Research analysts anticipate that SLR Investment will post 1.74 earnings per share for the current year.

Insider Transactions at SLR Investment

In other news, President Robyn Tannenbaum purchased 3,000 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were purchased at an average cost of $11.05 per share, with a total value of $33,150.00. Following the completion of the transaction, the president now owns 24,959 shares of the company’s stock, valued at approximately $275,796.95. The transaction was disclosed in a filing with the SEC, which is available through this link. In other SLR Investment news, Chairman Leonard M. Tannenbaum purchased 56,584 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average cost of $12.80 per share, for a total transaction of $724,275.20. Following the completion of the purchase, the chairman now owns 184,803 shares of the company’s stock, valued at approximately $2,365,478.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Robyn Tannenbaum purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was acquired at an average price of $11.05 per share, for a total transaction of $33,150.00. Following the completion of the purchase, the president now directly owns 24,959 shares of the company’s stock, valued at approximately $275,796.95. The disclosure for this purchase can be found here. Insiders have acquired a total of 95,584 shares of company stock valued at $1,255,125 over the last 90 days. 8.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SLR Investment

A number of large investors have recently bought and sold shares of the company. Van ECK Associates Corp grew its stake in SLR Investment by 8.0% during the first quarter. Van ECK Associates Corp now owns 918,196 shares of the financial services provider’s stock worth $14,094,000 after buying an additional 68,320 shares in the last quarter. Raymond James & Associates grew its stake in SLR Investment by 5.4% during the second quarter. Raymond James & Associates now owns 225,465 shares of the financial services provider’s stock worth $3,628,000 after buying an additional 11,637 shares in the last quarter. Confluence Investment Management LLC grew its stake in SLR Investment by 0.9% during the second quarter. Confluence Investment Management LLC now owns 185,372 shares of the financial services provider’s stock worth $2,983,000 after buying an additional 1,570 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of SLR Investment by 1.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 137,962 shares of the financial services provider’s stock valued at $2,220,000 after purchasing an additional 1,897 shares in the last quarter. Finally, NewEdge Wealth LLC acquired a new stake in shares of SLR Investment in the 4th quarter valued at approximately $1,780,000. 35.32% of the stock is currently owned by institutional investors and hedge funds.

SLR Investment Company Profile

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.