SLR Investment (NASDAQ:SLRC) Share Price Crosses Above 200 Day Moving Average - What's Next?

Shares of SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.78 and traded as high as $16.05. SLR Investment shares last traded at $16.02, with a volume of 160,630 shares trading hands.

Analysts Set New Price Targets

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 report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $15.25.

SLR Investment Trading Up 0.2 %

The stock has a fifty day simple moving average of $15.99 and a 200 day simple moving average of $15.78. The firm has a market capitalization of $875.61 million, a P/E ratio of 9.07 and a beta of 1.14. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11.

SLR Investment (NASDAQ:SLRC - Get Free Report) last issued 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 the consensus estimate of $58.48 million. During the same quarter last year, the company earned $0.42 EPS. As a group, research analysts forecast that SLR Investment Corp. will post 1.76 EPS for the current year.

SLR Investment Announces Dividend

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 issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 10.22%. The ex-dividend date is Friday, December 13th. SLR Investment's dividend payout ratio (DPR) is presently 92.66%.

Institutional Inflows and Outflows

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