SLR Investment (NASDAQ:SLRC) Sets New 52-Week High - Here's What Happened

SLR Investment Corp. (NASDAQ:SLRC - Get Free Report)'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 changing hands. The stock had previously closed at $17.14.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company increased their target price on shares of 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 assigned a hold rating to the stock. Based on data from MarketBeat.com, SLR Investment presently has an average rating of "Hold" and a consensus price target of $15.25.

SLR Investment Stock Performance

The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $960.26 million, a PE ratio of 9.94 and a beta of 1.14. The company has a 50-day moving average price of $16.58 and a two-hundred day moving average price of $15.92.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in shares of SLR Investment by 1,642.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,398 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 3,203 shares during the period. Quantbot Technologies LP bought a new stake in shares of SLR Investment during the 3rd quarter valued at about $90,000. Westend Capital Management LLC grew its holdings in shares of SLR Investment by 71.3% during the fourth quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider's stock worth $120,000 after purchasing an additional 3,082 shares in the last quarter. Creative Planning bought a new position in shares of SLR Investment in the third quarter worth approximately $170,000. Finally, XTX Topco Ltd purchased a new stake in SLR Investment in the fourth quarter valued at approximately $191,000. Hedge funds and other institutional investors 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.