SLR Investment (NASDAQ:SLRC) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of SLR Investment (NASDAQ:SLRC) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

A number of other analysts also recently issued reports on SLRC. B. Riley reaffirmed a “neutral” rating and set a $17.00 price target (up from $16.00) on shares of SLR Investment in a report on Friday, May 10th. Keefe, Bruyette & Woods increased their price target on shares of SLR Investment from $15.50 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.25.

SLR Investment Stock Up 0.1 %

SLRC stock traded up $0.01 during mid-day trading on Tuesday, reaching $15.90. The company had a trading volume of 23,424 shares, compared to its average volume of 160,680. SLR Investment has a fifty-two week low of $13.93 and a fifty-two week high of $16.77. The company has a market capitalization of $867.50 million, a price-to-earnings ratio of 8.93 and a beta of 1.13. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a fifty day simple moving average of $16.17 and a 200 day simple moving average of $15.56.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. SLR Investment had a net margin of 41.66% and a return on equity of 9.51%. The company had revenue of $58.10 million during the quarter, compared to the consensus estimate of $58.96 million. Analysts forecast that SLR Investment will post 1.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Andrea Colvin Roberts purchased 25,000 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were purchased at an average price of $15.98 per share, with a total value of $399,500.00. Following the completion of the acquisition, the director now directly owns 25,000 shares in the company, valued at approximately $399,500. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Andrea Colvin Roberts acquired 25,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was bought at an average cost of $15.98 per share, with a total value of $399,500.00. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at $399,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Robyn Tannenbaum bought 3,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The stock was bought at an average cost of $11.05 per share, for a total transaction of $33,150.00. Following the acquisition, the president now owns 24,959 shares of the company’s stock, valued at approximately $275,796.95. The disclosure for this purchase can be found here. Insiders acquired a total of 95,584 shares of company stock worth $1,255,125 in the last 90 days. Company insiders own 8.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. lifted its position in shares of SLR Investment by 182.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 54,401 shares of the financial services provider’s stock valued at $875,000 after acquiring an additional 35,128 shares during the period. Raymond James & Associates increased its stake in SLR Investment by 5.4% in the 2nd quarter. Raymond James & Associates now owns 225,465 shares of the financial services provider’s stock valued at $3,628,000 after purchasing an additional 11,637 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings 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 worth $2,220,000 after purchasing an additional 1,897 shares during the last quarter. Confluence Investment Management LLC boosted its position in SLR Investment by 0.9% during the second quarter. Confluence Investment Management LLC now owns 185,372 shares of the financial services provider’s stock worth $2,983,000 after purchasing an additional 1,570 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of SLR Investment during the first quarter valued at approximately $342,000. 35.32% of the stock is currently owned by institutional investors and hedge funds.

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.