SLR Investment (NASDAQ:SLRC) Shares Pass Above 200 Day Moving Average – What’s Next?

SLR Investment Corp. (NASDAQ:SLRC)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.77 and traded as high as $16.33. SLR Investment shares last traded at $16.31, with a volume of 199,911 shares.

Analyst Upgrades and Downgrades

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

SLR Investment Stock Down 0.1 %

The firm has a market capitalization of $889.79 million, a price-to-earnings ratio of 9.21 and a beta of 1.13. 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 firm has a 50 day moving average of $16.26 and a two-hundred day moving average of $15.77.

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

SLR Investment Dividend Announcement

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

Institutional Trading of SLR Investment

A number of hedge funds have recently made changes to their positions in SLRC. EverSource Wealth Advisors LLC acquired a new position in shares of SLR Investment in the second quarter valued at approximately $47,000. Quantbot Technologies LP acquired a new position in SLR Investment in the 3rd quarter valued at approximately $90,000. Creative Planning bought a new position in shares of SLR Investment during the third quarter valued at $170,000. MQS Management LLC bought a new position in shares of SLR Investment during the third quarter valued at $197,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of SLR Investment during the second quarter worth $210,000. 35.32% of the stock is owned by institutional investors and hedge funds.

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.