SLR Investment (NASDAQ:SLRC) Sets New 12-Month High - Still a Buy?

SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as $16.83 and last traded at $16.77, with a volume of 54200 shares. The stock had previously closed at $16.61.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company upped their target price on SLR Investment from $12.50 to $13.00 and gave the stock an "underweight" rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $15.25.

SLR Investment Stock 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 company's 50 day moving average is $15.56 and its 200-day moving average is $15.75. The company has a market capitalization of $913.80 million, a P/E ratio of 9.46 and a beta of 1.12.

SLR Investment (NASDAQ:SLRC - Get Free Report) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $59.77 million during the quarter, compared to analyst estimates of $58.48 million. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. During the same period last year, the business earned $0.42 earnings per share. Equities analysts anticipate that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.

SLR Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.79%. SLR Investment's dividend payout ratio is currently 92.66%.

Hedge Funds Weigh In On SLR Investment

Large investors have recently modified their holdings of the stock. Sunbelt Securities Inc. increased its stake in SLR Investment by 12.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 100,576 shares of the financial services provider's stock valued at $1,514,000 after purchasing an additional 11,510 shares in the last quarter. Jane Street Group LLC increased its position in shares of SLR Investment by 15.0% during the third quarter. Jane Street Group LLC now owns 15,541 shares of the financial services provider's stock valued at $234,000 after acquiring an additional 2,022 shares in the last quarter. Paloma Partners Management Co purchased a new position in SLR Investment in the 3rd quarter worth approximately $210,000. Quantbot Technologies LP bought a new position in SLR Investment in the 3rd quarter valued at approximately $90,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in SLR Investment during the 3rd quarter valued at $353,000. 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.