SLR Investment (NASDAQ:SLRC) Shares Pass Above 200-Day Moving Average - What's Next?

SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.77 and traded as high as $16.33. SLR Investment shares last traded at $16.31, with a volume of 199,911 shares changing hands.

Wall Street Analysts Forecast Growth

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

SLR Investment Stock Down 0.1 %

The company has a market cap of $889.79 million, a P/E ratio of 9.21 and a beta of 1.13. The company has a 50-day simple moving average of $16.27 and a 200 day simple moving average of $15.77. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11.

SLR Investment (NASDAQ:SLRC - Get Free Report) last posted 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. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The company had revenue of $59.77 million for the quarter, compared to analyst estimates of $58.48 million. During the same quarter in the previous year, the firm earned $0.42 earnings per share. On average, equities analysts anticipate that SLR Investment Corp. will post 1.76 EPS for the current year.

SLR Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 10.06%. The ex-dividend date was Friday, December 13th. SLR Investment's payout ratio is currently 92.66%.

Institutional Investors Weigh In On SLR Investment

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in shares of SLR Investment by 1,683.6% during the 3rd quarter. International Assets Investment Management LLC now owns 38,543 shares of the financial services provider's stock worth $580,000 after buying an additional 36,382 shares during the last quarter. Condor Capital Management acquired a new stake in shares of SLR Investment in the 2nd quarter valued at $4,118,000. Creative Planning acquired a new stake in SLR Investment in the third quarter valued at $170,000. Dimensional Fund Advisors LP purchased a new stake in SLR Investment during the second quarter worth approximately $786,000. Finally, Van ECK Associates Corp lifted its position in shares of SLR Investment by 6.8% during the 3rd quarter. Van ECK Associates Corp now owns 999,291 shares of the financial services provider's stock worth $15,369,000 after buying an additional 63,321 shares during the last quarter. 35.32% of the stock is currently owned by institutional investors and hedge funds.

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.