SLR Investment (NASDAQ:SLRC) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

SLR Investment Corp. (NASDAQ:SLRC)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.76 and traded as high as $16.41. SLR Investment shares last traded at $16.30, with a volume of 196,826 shares trading hands.

Analyst Ratings Changes

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

SLR Investment Stock Performance

The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11. The stock has a 50 day simple moving average of $16.12 and a 200 day simple moving average of $15.76. The company has a market capitalization of $889.25 million, a price-to-earnings ratio of 9.21 and a beta of 1.14.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The firm had revenue of $59.77 million during the quarter, compared to the consensus estimate of $58.48 million. During the same period in the prior year, the business earned $0.42 EPS. As a group, analysts anticipate that SLR Investment Corp. will post 1.76 earnings per share for the current fiscal year.

SLR Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $0.41 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.64 annualized dividend and a dividend yield of 10.06%. SLR Investment’s payout ratio is currently 92.66%.

Hedge Funds Weigh In On SLR Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SLRC. JPMorgan Chase & Co. increased its holdings in shares of SLR Investment by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 1,336,411 shares of the financial services provider’s stock valued at $20,113,000 after purchasing an additional 4,510 shares during the period. Sunbelt Securities Inc. raised its holdings in SLR Investment by 12.9% during the third quarter. Sunbelt Securities Inc. now owns 100,576 shares of the financial services provider’s stock worth $1,514,000 after purchasing an additional 11,510 shares in the last quarter. Jane Street Group LLC boosted 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 purchasing an additional 2,022 shares in the last quarter. Paloma Partners Management Co acquired a new position in shares of SLR Investment during the 3rd quarter valued at $210,000. Finally, Quantbot Technologies LP bought a new stake in shares of SLR Investment in the 3rd quarter worth $90,000. 35.32% of the stock is owned by 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.