SLR Investment (NASDAQ:SLRC) Hits New 12-Month High – Should You Buy?

SLR Investment Corp. (NASDAQ:SLRC)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $17.28 and last traded at $17.26, with a volume of 162916 shares. The stock had previously closed at $17.14.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company upped their price objective on SLR Investment from $12.50 to $13.00 and gave the stock 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.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.25.

SLR Investment Stock Up 0.7 %

The firm has a fifty day simple moving average of $16.54 and a 200-day simple moving average of $15.89. The firm has a market cap of $941.71 million, a price-to-earnings ratio of 9.75 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.

Institutional Investors Weigh In On SLR Investment

Several hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new position in SLR Investment during the 3rd quarter worth $90,000. Westend Capital Management LLC increased its position in SLR Investment by 71.3% during the 4th quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock worth $120,000 after buying an additional 3,082 shares during the period. Creative Planning bought a new position in SLR Investment during the 3rd quarter worth $170,000. MQS Management LLC bought a new position in SLR Investment during the 3rd quarter worth $197,000. Finally, Paloma Partners Management Co bought a new position in SLR Investment during the 3rd quarter worth $210,000. Institutional investors and hedge funds 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.