SLR Investment (NASDAQ:SLRC) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

SLR Investment Corp. (NASDAQ:SLRC)’s stock price passed 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 changing hands.

Analyst Ratings Changes

Separately, Wells Fargo & Company increased their target price 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 research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat.com, SLR Investment currently has a consensus rating of “Hold” and a consensus price target of $15.25.

SLR Investment Stock Performance

The stock’s 50 day simple moving average is $16.01 and its two-hundred day simple moving average is $15.77. The company has a market cap of $875.61 million, a PE 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) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share for the quarter, topping 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 business had revenue of $59.77 million for the quarter, compared to analyst estimates of $58.48 million. During the same period last year, the company posted $0.42 EPS. As a group, research analysts anticipate that SLR Investment Corp. will post 1.76 earnings per share for the current year.

SLR Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid 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 is currently 92.66%.

Institutional Trading of SLR Investment

Institutional investors and hedge funds have recently bought and sold shares of the business. Condor Capital Management purchased a new stake in SLR Investment during the second quarter worth approximately $4,118,000. Strategic Financial Concepts LLC acquired a new position in shares of SLR Investment during the 2nd quarter valued at $1,639,000. Van ECK Associates Corp boosted its position in 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 purchasing an additional 63,321 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in SLR Investment by 109.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 113,893 shares of the financial services provider’s stock valued at $1,714,000 after purchasing an additional 59,492 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in SLR Investment in the 2nd quarter valued at $786,000. Institutional investors and hedge funds 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.