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

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

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised 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 research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $15.25.

SLR Investment Stock Up 0.1 %

The business has a fifty day moving average price of $16.70 and a two-hundred day moving average price of $16.03. The firm has a market capitalization of $956.44 million, a price-to-earnings 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 Investors Weigh In On SLR Investment

Several hedge funds have recently modified their holdings of SLRC. Thornburg Investment Management Inc. boosted its position in SLR Investment by 0.8% during the fourth quarter. Thornburg Investment Management Inc. now owns 4,372,550 shares of the financial services provider’s stock worth $70,660,000 after purchasing an additional 33,951 shares in the last quarter. JPMorgan Chase & Co. grew its stake in 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 acquiring an additional 31,839 shares during the period. Van ECK Associates Corp increased its holdings in SLR Investment by 4.5% in the 4th quarter. Van ECK Associates Corp now owns 1,044,152 shares of the financial services provider’s stock worth $16,874,000 after acquiring an additional 44,861 shares in the last quarter. Two Sigma Advisers LP raised its position in SLR Investment by 10.4% during the fourth quarter. Two Sigma Advisers LP now owns 382,076 shares of the financial services provider’s stock worth $6,174,000 after acquiring an additional 36,100 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in SLR Investment during the fourth quarter valued at $4,565,000. 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.