Shares of SLR Investment Corp. (NASDAQ:SLRC – Get Rating) hit a new 52-week low during trading on Friday . The stock traded as low as $13.34 and last traded at $13.36, with a volume of 3161 shares traded. The stock had previously closed at $13.88.
Analysts Set New Price Targets
A number of brokerages have weighed in on SLRC. Wells Fargo & Company lowered shares of SLR Investment from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $15.50 to $12.50 in a report on Monday, July 25th. Oppenheimer lowered SLR Investment from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $20.00 to $16.00 in a research note on Wednesday, August 3rd. Keefe, Bruyette & Woods lowered SLR Investment from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $18.50 to $16.50 in a research note on Monday, July 11th. Compass Point dropped their target price on shares of SLR Investment to $15.75 in a research report on Monday, August 15th. Finally, StockNews.com cut shares of SLR Investment from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.18.
SLR Investment Stock Down 4.4 %
The firm’s 50-day moving average price is $14.85 and its 200 day moving average price is $15.81. The firm has a market cap of $726.80 million, a P/E ratio of 63.19 and a beta of 1.02. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.98.
SLR Investment Dividend Announcement
Institutional Trading of SLR Investment
Hedge funds and other institutional investors have recently made changes to their positions in the stock. AllSquare Wealth Management LLC acquired a new position in shares of SLR Investment during the first quarter valued at approximately $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of SLR Investment during the 1st quarter valued at $29,000. Allworth Financial LP bought a new stake in shares of SLR Investment in the 1st quarter worth $30,000. Quantbot Technologies LP acquired a new stake in shares of SLR Investment in the second quarter valued at $30,000. Finally, Founders Capital Management lifted its holdings in shares of 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 buying an additional 1,140 shares during the period. 35.73% of the stock is currently owned by institutional investors.
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.
- Get a free copy of the StockNews.com research report on SLR Investment (SLRC)
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