SLR Investment (NASDAQ:SLRC) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of SLR Investment Corp. (NASDAQ:SLRC) 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 traded.

Wall Street Analysts Forecast Growth

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

SLR Investment Trading Down 0.1 %

The firm has a market cap of $889.79 million, a P/E ratio of 9.21 and a beta of 1.13. The firm has a fifty day simple moving average of $16.26 and a 200-day simple moving average of $15.77. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06.

SLR Investment (NASDAQ:SLRC) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $59.77 million for the quarter, compared to analysts’ expectations of $58.48 million. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. During the same period last year, the business earned $0.42 EPS. On average, equities research analysts expect that SLR Investment Corp. will post 1.76 earnings per share for the current year.

SLR Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given 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 of this dividend was Friday, December 13th. SLR Investment’s payout ratio is presently 92.66%.

Hedge Funds Weigh In On SLR Investment

Several large investors have recently added to or reduced their stakes in the business. Confluence Investment Management LLC increased its holdings in SLR Investment by 0.8% during the 3rd quarter. Confluence Investment Management LLC now owns 186,928 shares of the financial services provider’s stock worth $2,813,000 after purchasing an additional 1,556 shares in the last quarter. Wedbush Securities Inc. grew its holdings in SLR Investment by 4.1% during the second quarter. Wedbush Securities Inc. now owns 40,900 shares of the financial services provider’s stock worth $658,000 after buying an additional 1,616 shares in the last quarter. Sunbelt Securities Inc. raised its position in SLR Investment by 1.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 89,066 shares of the financial services provider’s stock valued at $1,433,000 after buying an additional 1,683 shares during the last quarter. Jane Street Group LLC lifted its stake in SLR Investment by 15.0% during the 3rd 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. Finally, Pekin Hardy Strauss Inc. boosted its holdings in SLR Investment by 3.4% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 88,560 shares of the financial services provider’s stock worth $1,425,000 after acquiring an additional 2,875 shares during the last quarter. 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.