SLR Investment (NASDAQ:SLRC) Sets New 52-Week High – Should You Buy?

SLR Investment Corp. (NASDAQ:SLRC)’s share price hit a new 52-week high on Tuesday . The company traded as high as $17.90 and last traded at $17.57, with a volume of 937 shares changing hands. The stock had previously closed at $17.51.

Wall Street Analysts Forecast Growth

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

SLR Investment Price Performance

The stock’s 50-day simple moving average is $16.70 and its two-hundred day simple moving average is $16.03. The firm has a market cap of $956.44 million, a P/E ratio of 9.92 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SLRC. Tower Research Capital LLC TRC lifted its position in shares of SLR Investment by 1,642.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,398 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 3,203 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of SLR Investment in the 4th quarter valued at about $58,000. Quantbot Technologies LP purchased a new position in SLR Investment during the third quarter valued at approximately $90,000. Westend Capital Management LLC lifted its holdings in SLR Investment by 71.3% during the fourth quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock worth $120,000 after buying an additional 3,082 shares during the period. Finally, Creative Planning purchased a new stake in shares of SLR Investment during the 3rd quarter worth $170,000. 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.