SLR Investment Corp. (NASDAQ:SLRC - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company traded as high as $17.90 and last traded at $17.57, with a volume of 937 shares changing hands. The stock had previously closed at $17.51.
Separately, Wells Fargo & Company increased their target price on SLR Investment from $12.50 to $13.00 and gave the company 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 stock presently has an average rating of "Hold" and a consensus target price of $15.25.
Get Our Latest Stock Analysis on SLR Investment
The stock's 50-day simple moving average is $16.70 and its two-hundred day simple moving average is $16.03. The firm has a market cap of $956.44 million, a P/E 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.
Several large investors have recently modified their holdings of SLRC. Tower Research Capital LLC TRC lifted its position in shares of SLR Investment by 1,642.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,398 shares of the financial services provider's stock worth $55,000 after purchasing an additional 3,203 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of SLR Investment in the 4th quarter valued at about $58,000. Quantbot Technologies LP purchased a new position in SLR Investment during the third quarter valued at approximately $90,000. Westend Capital Management LLC lifted its holdings in SLR Investment by 71.3% during the fourth quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider's stock worth $120,000 after buying an additional 3,082 shares during the period. Finally, Creative Planning purchased a new stake in shares of SLR Investment during the 3rd quarter worth $170,000. Hedge funds and other institutional investors own 35.32% of the company's stock.
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.
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