SLR Investment (NASDAQ:SLRC) Sets New 12-Month High – What’s Next?

Shares of SLR Investment Corp. (NASDAQ:SLRC) hit a new 52-week high during trading on Friday . The stock traded as high as $16.99 and last traded at $16.98, with a volume of 150573 shares traded. The stock had previously closed at $16.78.

Wall Street Analyst Weigh In

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

SLR Investment Stock Up 1.5 %

The company’s 50 day moving average price is $16.52 and its two-hundred day moving average price is $15.86. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. The firm has a market cap of $929.70 million, a PE ratio of 9.63 and a beta of 1.14.

SLR Investment (NASDAQ:SLRC) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. The company had revenue of $59.77 million for the quarter, compared to analysts’ expectations of $58.48 million. During the same quarter in the previous year, the company earned $0.42 EPS. On average, equities research analysts expect that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.

Institutional Investors Weigh In On SLR Investment

Several large investors have recently added to or reduced their stakes in SLRC. Quantbot Technologies LP purchased a new stake in shares of SLR Investment during the third quarter valued at about $90,000. Westend Capital Management LLC raised its position in shares of SLR Investment by 71.3% in the fourth quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 3,082 shares during the period. Creative Planning acquired a new position in SLR Investment in the 3rd quarter worth about $170,000. MQS Management LLC acquired a new stake in SLR Investment in the third quarter valued at approximately $197,000. Finally, Paloma Partners Management Co purchased a new stake in shares of SLR Investment during the third quarter worth about $210,000. 35.32% of the stock is owned by 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.