SLR Investment (NASDAQ:SLRC) Upgraded at LADENBURG THALM/SH SH

SLR Investment (NASDAQ:SLRC - Get Free Report) was upgraded by research analysts at LADENBURG THALM/SH SH from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Monday, MarketBeat reports. The brokerage currently has a $16.50 price target on the financial services provider's stock. LADENBURG THALM/SH SH's price target indicates a potential downside of 0.36% from the company's previous close.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company cut their price objective on shares of SLR Investment from $13.00 to $12.00 and set an "underweight" rating for the company in a report on Monday, April 28th. Compass Point raised their price objective on shares of SLR Investment from $16.50 to $17.25 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Raymond James cut their price objective on shares of SLR Investment from $18.00 to $17.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Keefe, Bruyette & Woods raised their price target on shares of SLR Investment from $16.00 to $17.00 and gave the company a "market perform" rating in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of SLR Investment from $16.50 to $15.00 and set an "underweight" rating for the company in a report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, SLR Investment presently has an average rating of "Hold" and a consensus price target of $15.96.

SLR Investment Stock Performance

Shares of SLRC stock traded up $0.18 during trading hours on Monday, hitting $16.56. 117,854 shares of the company were exchanged, compared to its average volume of 164,424. The firm has a fifty day simple moving average of $15.94 and a 200 day simple moving average of $16.40. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. SLR Investment has a 52-week low of $13.64 and a 52-week high of $17.94. The stock has a market capitalization of $903.51 million, a price-to-earnings ratio of 9.36 and a beta of 0.75.

SLR Investment (NASDAQ:SLRC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. The company had revenue of $53.18 million during the quarter, compared to the consensus estimate of $53.43 million. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. Research analysts predict that SLR Investment will post 1.76 earnings per share for the current fiscal year.

Institutional Trading of SLR Investment

A number of hedge funds have recently made changes to their positions in SLRC. NewEdge Advisors LLC raised its position in SLR Investment by 159.1% in the 1st quarter. NewEdge Advisors LLC now owns 90,037 shares of the financial services provider's stock worth $1,518,000 after purchasing an additional 55,284 shares during the period. Advisors Asset Management Inc. increased its position in shares of SLR Investment by 13.0% in the first quarter. Advisors Asset Management Inc. now owns 108,779 shares of the financial services provider's stock valued at $1,834,000 after acquiring an additional 12,535 shares during the period. Trexquant Investment LP increased its position in shares of SLR Investment by 18.2% in the first quarter. Trexquant Investment LP now owns 208,355 shares of the financial services provider's stock valued at $3,513,000 after acquiring an additional 32,024 shares during the period. Raymond James Financial Inc. increased its position in shares of SLR Investment by 12.3% during the first quarter. Raymond James Financial Inc. now owns 317,325 shares of the financial services provider's stock valued at $5,350,000 after buying an additional 34,813 shares during the period. Finally, Condor Capital Management increased its position in shares of SLR Investment by 14.8% during the first quarter. Condor Capital Management now owns 332,664 shares of the financial services provider's stock valued at $5,609,000 after buying an additional 42,851 shares during the period. 35.32% of the stock is owned by institutional investors.

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.