SLR Investment (NASDAQ:SLRC) Stock Rating Upgraded by LADENBURG THALM/SH SH

SLR Investment (NASDAQ:SLRC - Get Free Report) was upgraded by LADENBURG THALM/SH SH from a "neutral" rating to a "buy" rating in a research note issued on Monday,Briefing.com Automated Import reports. The firm presently has a $16.50 price target on the financial services provider's stock. LADENBURG THALM/SH SH's target price suggests a potential upside of 4.17% from the company's current price.

Several other research analysts have also issued reports on SLRC. Keefe, Bruyette & Woods upped their target price on shares of SLR Investment from $16.00 to $17.00 and gave the stock a "market perform" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price objective on SLR Investment from $16.50 to $15.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. Raymond James cut their target price on SLR Investment from $18.00 to $17.00 and set an "outperform" rating for the company in a research note on Friday. Compass Point lifted their price target on shares of SLR Investment from $16.50 to $17.25 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Finally, 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 research note on Monday, April 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, SLR Investment has a consensus rating of "Hold" and a consensus target price of $15.79.

SLR Investment Price Performance

Shares of NASDAQ SLRC opened at $15.84 on Monday. The stock's 50-day simple moving average is $16.06 and its two-hundred day simple moving average is $16.38. SLR Investment has a twelve month low of $13.64 and a twelve month high of $17.94. The firm has a market capitalization of $864.23 million, a P/E ratio of 8.95 and a beta of 0.75. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11.

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

Hedge Funds Weigh In On SLR Investment

A number of hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of SLR Investment in the fourth quarter worth about $4,565,000. Epiq Partners LLC grew its position in shares of SLR Investment by 405.8% in the 1st quarter. Epiq Partners LLC now owns 327,560 shares of the financial services provider's stock worth $5,523,000 after buying an additional 262,800 shares during the last quarter. Empirical Asset Management LLC purchased a new position in shares of SLR Investment during the fourth quarter valued at approximately $3,895,000. Strategic Financial Concepts LLC bought a new position in shares of SLR Investment during the fourth quarter valued at approximately $1,902,000. Finally, Trexquant Investment LP lifted its stake in SLR Investment by 75.5% in the fourth quarter. Trexquant Investment LP now owns 176,331 shares of the financial services provider's stock worth $2,850,000 after acquiring an additional 75,879 shares during the period. Hedge funds and other institutional investors own 35.32% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.