Keefe, Bruyette & Woods Increases SLR Investment (NASDAQ:SLRC) Price Target to $16.00

SLR Investment (NASDAQ:SLRC) had its price objective increased by analysts at Keefe, Bruyette & Woods from $15.50 to $16.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 1.78% from the company’s current price.

Several other research analysts also recently commented on SLRC. JPMorgan Chase & Co. reduced their target price on SLR Investment from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, February 29th. B. Riley reissued a “neutral” rating and set a $17.00 price target (up previously from $16.00) on shares of SLR Investment in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $14.80.

SLR Investment Price Performance

Shares of SLRC opened at $16.29 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.17. SLR Investment has a 1 year low of $13.75 and a 1 year high of $16.35. The stock has a market cap of $888.78 million, a P/E ratio of 9.15 and a beta of 1.10. The stock’s 50-day moving average price is $15.44 and its two-hundred day moving average price is $15.22.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Tuesday, February 27th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. SLR Investment had a return on equity of 9.51% and a net margin of 41.66%. The business had revenue of $59.79 million for the quarter, compared to analyst estimates of $59.00 million. On average, equities analysts predict that SLR Investment will post 1.74 earnings per share for the current year.

Insider Transactions at SLR Investment

In related news, insider Michael S. Gross acquired 22,636 shares of the stock in a transaction dated Friday, March 8th. The stock was purchased at an average cost of $15.74 per share, with a total value of $356,290.64. Following the completion of the purchase, the insider now directly owns 3,804,860 shares in the company, valued at approximately $59,888,496.40. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Michael S. Gross bought 40,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $15.08 per share, with a total value of $603,200.00. Following the completion of the transaction, the insider now directly owns 3,642,124 shares of the company’s stock, valued at approximately $54,923,229.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael S. Gross bought 22,636 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was purchased at an average cost of $15.74 per share, with a total value of $356,290.64. Following the completion of the transaction, the insider now directly owns 3,804,860 shares of the company’s stock, valued at $59,888,496.40. The disclosure for this purchase can be found here. Insiders purchased a total of 109,336 shares of company stock valued at $1,680,539 over the last ninety days. 8.20% of the stock is currently owned by insiders.

Institutional Trading of SLR Investment

A number of large investors have recently bought and sold shares of the company. Westend Capital Management LLC bought a new position in shares of SLR Investment in the first quarter worth $74,000. Oxford Asset Management LLP bought a new position in shares of SLR Investment in the fourth quarter worth $191,000. Campbell & CO Investment Adviser LLC bought a new position in shares of SLR Investment in the third quarter worth $193,000. Virtu Financial LLC bought a new position in shares of SLR Investment in the fourth quarter worth $195,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of SLR Investment by 10.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 13,667 shares of the financial services provider’s stock worth $210,000 after acquiring an additional 1,295 shares during the period. 35.32% of the stock is owned by hedge funds and other institutional investors.

About SLR Investment

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.