SLR Investments (NASDAQ:SLRC – Get Rating) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
Other analysts have also issued reports on the stock. Compass Point reduced their price objective on shares of SLR Investment to $15.75 in a research note on Tuesday. Hovde Group cut their target price on shares of SLR Investment to $16.00 in a research note on Friday, May 20th. Maxim Group assumed coverage on shares of SLR Investment in a research note on Monday, April 25th. They issued a “buy” rating and a $20.00 target price for the company. Raymond James reduced their price objective on shares of SLR Investment from $19.00 to $16.50 and set an “outperform” rating for the company in a research note on Thursday, August 4th. Finally, Wells Fargo & Company cut shares of SLR Investment from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $15.50 to $12.50 in a research note on Monday, July 25th. 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 company. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.18, according to MarketBeat.com.
SLR Investment Stock rose 1.8%
Shares of NASDAQ SLRC stock opened at $15.38 on Thursday. SLR Investment has a 12-month low of $13.74 and a 12-month high of $20.05. The firm has a market cap of $842.41 million, a PE ratio of 73.24 and a beta of 1.06. The company’s fifty day simple moving average is $14.80 and its 200 day simple moving average is $16.49. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.98.
Institutional inflows and outflows
Hedge funds have recently added to or reduced their stakes in the stock. AllSquare Wealth Management LLC purchased a new position in SLR Investment during the first quarter valued at about $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of SLR Investment during the first quarter valued at $29,000. Allworth Financial LP purchased a new stake in SLR Investment in the first quarter valued at $30,000. Founders Capital Management lifted its position in SLR Investment by 76.0% in the second quarter. Founders Capital Management now owns 2,640 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,140 shares in the last quarter. Finally, ACG Wealth purchased a new stake in SLR Investment during the second quarter valued at $42,000.
SLR Investment Company Profile
SLR Investment Corp. is a business development company specializing in secured debt (first lien and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control capital investments in middle market leveraged companies.
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