SLR Investment (NASDAQ:SLRC) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of SLR Investment Corp. (NASDAQ:SLRC) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company increased their price target on shares of SLR Investment from $12.50 to $13.00 and gave the stock 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 issued a hold rating to the stock. According to data from MarketBeat.com, SLR Investment has an average rating of “Hold” and a consensus target price of $15.25.

SLR Investment Trading Up 1.1 %

The company has a market capitalization of $873.97 million, a PE ratio of 9.05 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. The business has a fifty day moving average price of $15.97 and a 200 day moving average price of $15.78.

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

SLR Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.64 dividend on an annualized basis and a yield of 10.24%. SLR Investment’s dividend payout ratio (DPR) is 92.66%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Confluence Investment Management LLC boosted its position in shares of SLR Investment by 0.8% in the third quarter. Confluence Investment Management LLC now owns 186,928 shares of the financial services provider’s stock worth $2,813,000 after buying an additional 1,556 shares during the period. Wedbush Securities Inc. boosted its holdings in SLR Investment by 4.1% in the 2nd quarter. Wedbush Securities Inc. now owns 40,900 shares of the financial services provider’s stock worth $658,000 after acquiring an additional 1,616 shares during the period. Sunbelt Securities Inc. grew its position in SLR Investment by 1.9% in the second quarter. Sunbelt Securities Inc. now owns 89,066 shares of the financial services provider’s stock valued at $1,433,000 after acquiring an additional 1,683 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in SLR Investment by 1.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 137,962 shares of the financial services provider’s stock valued at $2,220,000 after acquiring an additional 1,897 shares in the last quarter. Finally, Jane Street Group LLC raised its stake 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 purchasing an additional 2,022 shares during the period. 35.32% of the stock is owned by hedge funds and other institutional investors.

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.