SLR Investment (NASDAQ:SLRC) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

SLR Investment (NASDAQ:SLRC - Free Report) had its price target lifted by Wells Fargo & Company from $12.50 to $13.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has an underweight rating on the financial services provider's stock.

SLRC has been the topic of a number of other research reports. StockNews.com started coverage on shares of SLR Investment in a report on Tuesday, July 23rd. They set a "hold" rating on the stock. JPMorgan Chase & Co. downgraded shares of SLR Investment from a "neutral" rating to an "underweight" rating and reduced their target price for the company from $15.50 to $15.00 in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $15.25.

SLR Investment Price Performance

Shares of NASDAQ SLRC traded down $0.13 during trading hours on Tuesday, hitting $15.97. 152,597 shares of the stock were exchanged, compared to its average volume of 158,574. The company's fifty day simple moving average is $15.31 and its two-hundred day simple moving average is $15.68. SLR Investment has a 1-year low of $14.41 and a 1-year high of $16.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.06. The company has a market cap of $871.24 million, a PE ratio of 9.09 and a beta of 1.12.

SLR Investment (NASDAQ:SLRC - Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.01. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. The company had revenue of $59.77 million for the quarter, compared to analyst estimates of $58.48 million. During the same quarter in the prior year, the business posted $0.42 EPS. On average, sell-side analysts predict that SLR Investment will post 1.74 EPS for the current year.

SLR Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, December 13th. This represents a $1.64 annualized dividend and a yield of 10.27%. SLR Investment's dividend payout ratio is currently 92.66%.

Institutional Trading of SLR Investment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Confluence Investment Management LLC grew its holdings in shares of SLR Investment by 0.8% during the 3rd quarter. Confluence Investment Management LLC now owns 186,928 shares of the financial services provider's stock worth $2,813,000 after purchasing an additional 1,556 shares during the period. Wedbush Securities Inc. boosted its stake in SLR Investment by 4.1% during the 2nd quarter. Wedbush Securities Inc. now owns 40,900 shares of the financial services provider's stock valued at $658,000 after purchasing an additional 1,616 shares in the last quarter. Sunbelt Securities Inc. raised its position in SLR Investment by 1.9% in the second quarter. Sunbelt Securities Inc. now owns 89,066 shares of the financial services provider's stock worth $1,433,000 after acquiring an additional 1,683 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in SLR Investment by 1.4% during the second 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 during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of SLR Investment during the 2nd quarter valued at $35,000. Institutional investors and hedge funds 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.