Compass Point analyst Casey Alexander maintained a Hold rating on SLR Investment Corp. (SLRC – Research Report) today and set a price target of $14.50. The company’s shares closed yesterday at $14.73.
According to TipRanks, Alexander is a 5-star analyst with an average return of 9.2% and a 62.87% success rate. Alexander covers the Financial sector, focusing on stocks such as Horizon Technology, HCI Group, and Hercules Capital.
The word on The Street in general, suggests a Hold analyst consensus rating for SLR Investment Corp. with a $15.10 average price target, a 2.51% upside from current levels. In a report released on October 23, J.P. Morgan also maintained a Hold rating on the stock with a $15.00 price target.
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Based on SLR Investment Corp.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $29.98 million and a net profit of $19 million. In comparison, last year the company had a GAAP net loss of $15.65 million
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SLRC in relation to earlier this year.
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SLR Investment Corp. (SLRC) Company Description:
Solar Capital Ltd. is a closed-ened, externally managerd, non-diversified management investment company. The firm invests in in privately held U.S. middle-market companies. Its objective is to generate both current income and capital appreciation through debt and equity investments. The company was founded on November 2007 and is headquartered in New York, NY.
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