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

SLR Investment Corp. (NASDAQ:SLRC)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $16.83 and last traded at $16.77, with a volume of 54200 shares traded. The stock had previously closed at $16.61.

Wall Street Analyst Weigh In

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

SLR Investment Trading Up 0.8 %

The business’s 50 day moving average is $15.53 and its two-hundred day moving average 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. The firm has a market capitalization of $913.88 million, a P/E ratio of 9.38 and a beta of 1.12.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings data 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 business had revenue of $59.77 million for the quarter, compared to analysts’ expectations of $58.48 million. During the same period in the previous year, the business earned $0.42 earnings per share. Analysts expect that SLR Investment Corp. will post 1.76 EPS for the current year.

SLR Investment Dividend Announcement

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

Institutional Investors Weigh In On SLR Investment

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp raised its position in SLR Investment by 6.8% in the third quarter. Van ECK Associates Corp now owns 999,291 shares of the financial services provider’s stock worth $15,369,000 after acquiring an additional 63,321 shares in the last quarter. Condor Capital Management bought a new stake in SLR Investment in the second quarter worth about $4,118,000. Raymond James & Associates raised its position in SLR Investment by 11.5% in the third quarter. Raymond James & Associates now owns 251,495 shares of the financial services provider’s stock worth $3,785,000 after acquiring an additional 26,030 shares in the last quarter. Confluence Investment Management LLC raised its position in SLR Investment by 0.8% in the third quarter. Confluence Investment Management LLC now owns 186,928 shares of the financial services provider’s stock worth $2,813,000 after acquiring an additional 1,556 shares in the last quarter. Finally, Muzinich & Co. Inc. raised its position in SLR Investment by 3.8% in the third quarter. Muzinich & Co. Inc. now owns 145,124 shares of the financial services provider’s stock worth $2,184,000 after acquiring an additional 5,280 shares in the last quarter. 35.32% 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.