SLR Investment (NASDAQ:SLRC) Sets New 1-Year High – Should You Buy?

Shares of SLR Investment Corp. (NASDAQ:SLRC) hit a new 52-week high on Friday . The stock traded as high as $16.83 and last traded at $16.77, with a volume of 54200 shares. The stock had previously closed at $16.61.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised their price target on shares of SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.25.

SLR Investment Price Performance

The company has a market cap of $913.88 million, a PE ratio of 9.38 and a beta of 1.12. The business’s 50 day moving average price is $15.53 and its 200-day moving average price is $15.74. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $59.77 million for the quarter, compared to analyst estimates of $58.48 million. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. During the same quarter last year, the firm posted $0.42 earnings per share. As a group, analysts forecast that SLR Investment Corp. will post 1.76 earnings per share for the current year.

SLR Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.79%. SLR Investment’s dividend payout ratio is currently 92.66%.

Institutional Trading of SLR Investment

Hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new stake in shares of SLR Investment during the second quarter worth approximately $35,000. EverSource Wealth Advisors LLC acquired a new stake in shares of SLR Investment during the second quarter worth approximately $47,000. Quantbot Technologies LP acquired a new stake in shares of SLR Investment during the third quarter worth approximately $90,000. Creative Planning acquired a new stake in shares of SLR Investment during the third quarter worth approximately $170,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in SLR Investment in the second quarter worth $210,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

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.