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

Shares of SLR Investment Corp. (NASDAQ:SLRC) hit a new 52-week high during trading on Wednesday . The company traded as high as $17.85 and last traded at $17.82, with a volume of 270156 shares traded. The stock had previously closed at $17.60.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company boosted their price target on 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 issued a hold rating to the stock. According to MarketBeat, SLR Investment presently has a consensus rating of “Hold” and a consensus price target of $15.25.

SLR Investment Price Performance

The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $960.16 million, a PE ratio of 10.07 and a beta of 1.14. The stock has a fifty day moving average price of $16.61 and a 200-day moving average price of $15.95.

Institutional Trading of SLR Investment

A number of institutional investors have recently modified their holdings of SLRC. Virtus ETF Advisers LLC lifted its position in SLR Investment by 1.1% during the fourth quarter. Virtus ETF Advisers LLC now owns 51,000 shares of the financial services provider’s stock valued at $824,000 after acquiring an additional 574 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in SLR Investment by 2.1% during the 4th quarter. Chicago Partners Investment Group LLC now owns 30,884 shares of the financial services provider’s stock valued at $504,000 after buying an additional 627 shares in the last quarter. Sei Investments Co. boosted its holdings in SLR Investment by 0.4% in the fourth quarter. Sei Investments Co. now owns 260,443 shares of the financial services provider’s stock worth $4,209,000 after acquiring an additional 1,059 shares in the last quarter. Wedbush Securities Inc. raised its position in shares of SLR Investment by 2.8% in the 4th quarter. Wedbush Securities Inc. now owns 42,983 shares of the financial services provider’s stock valued at $695,000 after purchasing an additional 1,170 shares during the last quarter. Finally, Kelleher Financial Advisors increased its stake in SLR Investment by 8.6% during the 4th quarter. Kelleher Financial Advisors now owns 15,914 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 1,254 shares in the last quarter. 35.32% of the stock is currently 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.