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

SLR Investment Corp. (NASDAQ:SLRC) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.90 and last traded at $16.90, with a volume of 4102 shares trading hands. The stock had previously closed at $16.83.

Analyst Ratings Changes

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

SLR Investment Stock Performance

The company has a fifty day moving average of $15.78 and a two-hundred day moving average of $15.77. The firm has a market capitalization of $918.24 million, a price-to-earnings ratio of 9.51 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06.

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

SLR Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 9.74%. The ex-dividend date is Friday, December 13th. SLR Investment’s payout ratio is presently 92.66%.

Institutional Trading of SLR Investment

Several institutional investors have recently modified their holdings of SLRC. International Assets Investment Management LLC acquired a new position in SLR Investment in the second quarter valued at $35,000. EverSource Wealth Advisors LLC bought a new stake in shares of SLR Investment during the 2nd quarter valued at about $47,000. Quantbot Technologies LP bought a new stake in shares of SLR Investment during the 3rd quarter valued at about $90,000. Creative Planning bought a new stake in SLR Investment in the third quarter worth approximately $170,000. Finally, MQS Management LLC acquired a new position in SLR Investment in the third quarter valued at approximately $197,000. Institutional investors own 35.32% of the company’s stock.

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.