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

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

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised their target price on shares of 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 assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.25.

SLR Investment Trading Down 0.4 %

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

Institutional Investors Weigh In On SLR Investment

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