SLR Investment (NASDAQ:SLRC) Hits New 12-Month High – Should You Buy?

SLR Investment Corp. (NASDAQ:SLRC)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $17.28 and last traded at $17.26, with a volume of 162916 shares traded. The stock had previously closed at $17.14.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company boosted 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 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 company currently has an average rating of “Hold” and an average target price of $15.25.

SLR Investment Price Performance

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 company has a 50-day moving average of $16.54 and a 200-day moving average of $15.89. The firm has a market capitalization of $941.71 million, a price-to-earnings ratio of 9.75 and a beta of 1.14.

Hedge Funds Weigh In On SLR Investment

Several institutional investors and hedge funds have recently modified their holdings of the business. ExodusPoint Capital Management LP acquired a new position in shares of SLR Investment in the 4th quarter valued at approximately $262,000. Trexquant Investment LP grew its position in shares of SLR Investment by 75.5% in the 4th quarter. Trexquant Investment LP now owns 176,331 shares of the financial services provider’s stock valued at $2,850,000 after purchasing an additional 75,879 shares during the period. JPMorgan Chase & Co. grew its position in shares of SLR Investment by 2.4% in the 4th quarter. JPMorgan Chase & Co. now owns 1,368,250 shares of the financial services provider’s stock valued at $22,111,000 after purchasing an additional 31,839 shares during the period. LPL Financial LLC grew its position in shares of SLR Investment by 14.5% in the 4th quarter. LPL Financial LLC now owns 48,991 shares of the financial services provider’s stock valued at $792,000 after purchasing an additional 6,216 shares during the period. Finally, Samalin Investment Counsel LLC lifted its stake in SLR Investment by 6.0% in the 4th quarter. Samalin Investment Counsel LLC now owns 35,120 shares of the financial services provider’s stock valued at $568,000 after acquiring an additional 1,973 shares in the last quarter. 35.32% of the stock is currently owned by institutional investors and hedge funds.

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.