SLR Investment (NASDAQ:SLRC) Reaches New 52-Week High – Here’s Why

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.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company increased their price target 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.25.

SLR Investment Trading Up 1.2 %

The company has a 50 day simple moving average of $16.61 and a 200 day simple moving average of $15.95. The company has a market capitalization of $960.16 million, a PE ratio of 10.07 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 Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Virtus ETF Advisers LLC lifted its stake in shares of SLR Investment by 1.1% in the fourth quarter. Virtus ETF Advisers LLC now owns 51,000 shares of the financial services provider’s stock worth $824,000 after buying an additional 574 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake 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 acquiring an additional 627 shares during the last quarter. Sei Investments Co. raised its position 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 valued at $4,209,000 after purchasing an additional 1,059 shares during the period. Wedbush Securities Inc. lifted its stake 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 grew its holdings in shares of SLR Investment by 8.6% during the 4th quarter. Kelleher Financial Advisors now owns 15,914 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 1,254 shares during the period. 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.