SLR Investment Corp. (NASDAQ:SLRC - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $17.85 and last traded at $17.82, with a volume of 270156 shares traded. The stock had previously closed at $17.60.
Wall Street Analyst Weigh In
Separately, Wells Fargo & Company upped their price target on SLR Investment from $12.50 to $13.00 and gave the company 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 given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $15.25.
Read Our Latest Stock Analysis on SLR Investment
SLR Investment Price Performance
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 firm has a market cap of $967.80 million, a price-to-earnings ratio of 9.97 and a beta of 1.14. The company has a 50 day moving average of $16.68 and a 200 day moving average of $16.00.
Hedge Funds Weigh In On SLR Investment
Several institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its holdings in SLR Investment by 1,642.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,398 shares of the financial services provider's stock worth $55,000 after buying an additional 3,203 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of SLR Investment during the fourth quarter worth $58,000. Quantbot Technologies LP acquired a new stake in shares of SLR Investment during the third quarter worth $90,000. Westend Capital Management LLC increased its holdings 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 purchasing an additional 3,082 shares in the last quarter. Finally, Creative Planning bought a new stake in SLR Investment in the 3rd quarter valued at approximately $170,000. Institutional investors own 35.32% of the company's stock.
About SLR Investment
(
Get Free Report)
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.
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