SLR Investment (NASDAQ:SLRC) Sets New 12-Month High – Still a Buy?

Shares of SLR Investment Corp. (NASDAQ:SLRCGet Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $16.94 and last traded at $16.90, with a volume of 25617 shares. The stock had previously closed at $16.84.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lifted 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 analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $15.25.

Check Out Our Latest Analysis on SLRC

SLR Investment Stock Performance

The company has a market capitalization of $921.52 million, a price-to-earnings ratio of 9.54 and a beta of 1.13. The stock’s 50 day moving average price is $16.49 and its 200 day moving average price is $15.83. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11.

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

SLR Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.64 dividend on an annualized basis and a yield of 9.71%. SLR Investment’s payout ratio is 92.66%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in SLR Investment in the 3rd quarter valued at about $90,000. Westend Capital Management LLC raised its stake in 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 valued at $120,000 after buying an additional 3,082 shares during the period. Creative Planning acquired a new stake in shares of SLR Investment in the third quarter valued at approximately $170,000. MQS Management LLC bought a new position in shares of SLR Investment during the 3rd quarter worth approximately $197,000. Finally, Paloma Partners Management Co bought a new stake in SLR Investment in the 3rd quarter valued at $210,000. Institutional investors own 35.32% of the company’s stock.

SLR Investment Company Profile

(Get Free Report)

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.

Further Reading

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