JPMorgan Chase & Co. Lowers SLR Investment (NASDAQ:SLRC) Price Target to $12.00

SLR Investment (NASDAQ:SLRC) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from $13.50 to $12.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 3.61% from the stock’s previous close.

A number of other research firms have also issued reports on SLRC. Compass Point raised SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price target on the stock in a research report on Tuesday, March 10th. Keefe, Bruyette & Woods cut their target price on shares of SLR Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a research note on Monday, March 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SLR Investment in a report on Friday, June 12th. Wall Street Zen downgraded shares of SLR Investment from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Wells Fargo & Company dropped their target price on SLR Investment from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $14.10.

SLR Investment Stock Up 0.6%

SLR Investment stock opened at $12.45 on Thursday. The firm has a market capitalization of $679.27 million, a P/E ratio of 7.59 and a beta of 0.64. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.15. SLR Investment has a twelve month low of $12.13 and a twelve month high of $16.83. The stock’s fifty day simple moving average is $13.39 and its 200-day simple moving average is $14.43.

SLR Investment (NASDAQ:SLRC) last released its earnings results on Tuesday, May 5th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). SLR Investment had a net margin of 41.81% and a return on equity of 8.33%. The company had revenue of $47.14 million during the quarter, compared to analysts’ expectations of $54.01 million. As a group, equities analysts expect that SLR Investment will post 1.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michael S. Gross acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average price of $13.09 per share, for a total transaction of $130,900.00. Following the completion of the purchase, the insider directly owned 4,035,153 shares of the company’s stock, valued at approximately $52,820,152.77. The trade was a 0.25% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.80% of the stock is currently owned by company insiders.

Institutional Trading of SLR Investment

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ensign Peak Advisors Inc purchased a new stake in shares of SLR Investment in the 4th quarter valued at about $5,411,000. Closed End Fund Advisors Inc. acquired a new position in SLR Investment during the fourth quarter worth approximately $4,033,000. Millennium Management LLC acquired a new position in SLR Investment during the third quarter worth approximately $2,650,000. Muzinich & Co. Inc. lifted its stake in SLR Investment by 37.4% in the fourth quarter. Muzinich & Co. Inc. now owns 534,336 shares of the financial services provider’s stock valued at $8,261,000 after buying an additional 145,323 shares during the last quarter. Finally, Triad Investment Management purchased a new stake in SLR Investment in the fourth quarter valued at approximately $1,930,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

About SLR Investment

SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.

SLR Investment Corp.