SLR Investment (NASDAQ:SLRC) Hits New 52-Week High – What’s Next?

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

Wall Street Analyst Weigh In

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

SLR Investment Stock Down 0.4 %

The stock has a market capitalization of $972.16 million, a price-to-earnings ratio of 10.02 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. The business has a fifty day moving average of $16.65 and a 200 day moving average of $15.98.

Institutional Trading of SLR Investment

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in SLR Investment during the fourth quarter worth about $4,565,000. Empirical Asset Management LLC purchased a new stake in SLR Investment in the fourth quarter valued at approximately $3,895,000. Strategic Financial Concepts LLC purchased a new stake in SLR Investment in the fourth quarter valued at approximately $1,902,000. Trexquant Investment LP lifted its stake in SLR Investment by 75.5% during the fourth quarter. Trexquant Investment LP now owns 176,331 shares of the financial services provider’s stock worth $2,850,000 after purchasing an additional 75,879 shares in the last quarter. Finally, Epiq Partners LLC purchased a new position in shares of SLR Investment during the fourth quarter worth $1,047,000. 35.32% of the stock is owned by institutional investors and hedge funds.

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.