SLR Investment (NASDAQ:SLRC) Stock Rating Reaffirmed by B. Riley

SLR Investment (NASDAQ:SLRC)‘s stock had its “neutral” rating restated by B. Riley in a research report issued on Friday, Benzinga reports. They presently have a $17.00 price objective on the financial services provider’s stock, up from their prior price objective of $16.00. B. Riley’s price target would indicate a potential upside of 5.00% from the stock’s current price.

Separately, JPMorgan Chase & Co. dropped their price objective on SLR Investment from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, SLR Investment currently has a consensus rating of “Hold” and an average price target of $14.50.

SLR Investment Stock Performance

SLRC traded up $0.19 during midday trading on Friday, reaching $16.19. The company had a trading volume of 157,225 shares, compared to its average volume of 182,871. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.19. The business has a 50-day moving average of $15.26 and a two-hundred day moving average of $15.09. The company has a market cap of $883.25 million, a P/E ratio of 11.49 and a beta of 1.10. SLR Investment has a 1 year low of $13.48 and a 1 year high of $16.20.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $59.79 million during the quarter, compared to analyst estimates of $59.00 million. SLR Investment had a return on equity of 9.36% and a net margin of 33.31%. As a group, equities research analysts predict that SLR Investment will post 1.73 earnings per share for the current fiscal year.

Insider Activity

In other SLR Investment news, insider Michael S. Gross purchased 46,700 shares of SLR Investment stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of $15.44 per share, for a total transaction of $721,048.00. Following the completion of the acquisition, the insider now owns 3,735,524 shares in the company, valued at approximately $57,676,490.56. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Michael S. Gross acquired 46,700 shares of SLR Investment stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of $15.44 per share, for a total transaction of $721,048.00. Following the acquisition, the insider now directly owns 3,735,524 shares of the company’s stock, valued at approximately $57,676,490.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael S. Gross acquired 22,636 shares of SLR Investment stock in a transaction on Friday, March 8th. The shares were purchased at an average price of $15.74 per share, for a total transaction of $356,290.64. Following the completion of the acquisition, the insider now directly owns 3,804,860 shares in the company, valued at $59,888,496.40. The disclosure for this purchase can be found here. Insiders purchased 109,336 shares of company stock valued at $1,680,539 in the last ninety days. Insiders own 8.20% of the company’s stock.

Institutional Trading of SLR Investment

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Westend Capital Management LLC acquired a new stake in shares of SLR Investment in the 1st quarter worth $74,000. SG Americas Securities LLC acquired a new stake in SLR Investment during the 3rd quarter worth about $143,000. Oxford Asset Management LLP acquired a new stake in SLR Investment during the 4th quarter worth about $191,000. Campbell & CO Investment Adviser LLC acquired a new stake in SLR Investment during the 3rd quarter worth about $193,000. Finally, Virtu Financial LLC acquired a new stake in SLR Investment during the 4th quarter worth about $195,000. Institutional investors own 35.32% of the company’s stock.

About SLR Investment

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.