SLR Investment (NASDAQ:SLRC) Hits New 12-Month High - Time to Buy?

SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $17.92 and last traded at $17.87, with a volume of 56666 shares trading hands. The stock had previously closed at $17.82.

Analysts Set New Price Targets

SLRC has been the subject of several research reports. Keefe, Bruyette & Woods boosted their price objective on shares of SLR Investment from $16.00 to $17.00 and gave the company a "market perform" rating in a research note on Tuesday, March 4th. Compass Point raised their price objective on SLR Investment from $16.50 to $17.25 and gave the stock a "neutral" rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $15.85.

SLR Investment Trading Up 1.3 %

The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $910.88 million, a PE ratio of 9.43 and a beta of 1.13. The company has a 50 day simple moving average of $17.04 and a two-hundred day simple moving average of $16.21.

SLR Investment (NASDAQ:SLRC - Get Free Report) last posted its earnings results on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The company had revenue of $55.58 million for the quarter, compared to analyst estimates of $57.08 million. Sell-side analysts forecast that SLR Investment Corp. will post 1.76 EPS for the current year.

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SLR Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.41 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.64 annualized dividend and a yield of 9.82%. SLR Investment's dividend payout ratio is 93.71%.

Institutional Trading of SLR Investment

Several institutional investors have recently bought and sold shares of SLRC. Raymond James Financial Inc. acquired a new position in SLR Investment in the fourth quarter worth $4,565,000. Empirical Asset Management LLC bought a new position in SLR Investment in the fourth quarter valued at about $3,895,000. Strategic Financial Concepts LLC acquired a new stake in SLR Investment in the fourth quarter worth about $1,902,000. Trexquant Investment LP raised its holdings in SLR Investment by 75.5% during the 4th 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 during the last quarter. Finally, Epiq Partners LLC acquired a new position in SLR Investment during the 4th quarter valued at about $1,047,000. Institutional investors and hedge funds own 35.32% of the company's stock.

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.