SLR Investment (NASDAQ:SLRC) Sets New 52-Week High at $15.90

Shares of SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $15.90 and last traded at $15.89, with a volume of 54530 shares changing hands. The stock had previously closed at $15.62.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. B. Riley boosted their price objective on shares of SLR Investment from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. lowered their price target on shares of SLR Investment from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $14.25.

SLR Investment Stock Up 2.4 %

The stock has a market cap of $872.88 million, a price-to-earnings ratio of 11.43 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.19. The firm's 50 day moving average is $15.26 and its two-hundred day moving average is $15.09.

SLR Investment (NASDAQ:SLRC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $59.79 million for the quarter, compared to the consensus estimate of $59.00 million. SLR Investment had a net margin of 33.31% and a return on equity of 9.36%. On average, sell-side analysts predict that SLR Investment Corp. will post 1.73 EPS for the current year.

SLR Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.25%. The ex-dividend date was Wednesday, March 13th. SLR Investment's dividend payout ratio is currently 117.14%.

Insider Activity at SLR Investment

In related news, insider Michael S. Gross acquired 22,636 shares of the business's stock in a transaction dated Friday, March 8th. The shares were acquired at an average cost of $15.74 per share, for a total transaction of $356,290.64. Following the acquisition, the insider now directly owns 3,804,860 shares in the company, valued at approximately $59,888,496.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Michael S. Gross bought 22,636 shares of the business's stock in a transaction that occurred on Friday, March 8th. The shares were acquired at an average cost of $15.74 per share, with a total value of $356,290.64. Following the transaction, the insider now owns 3,804,860 shares of the company's stock, valued at approximately $59,888,496.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael S. Gross bought 40,000 shares of SLR Investment stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average price of $15.08 per share, for a total transaction of $603,200.00. Following the acquisition, the insider now directly owns 3,642,124 shares of the company's stock, valued at approximately $54,923,229.92. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 109,336 shares of company stock worth $1,680,539. 8.20% of the stock is currently owned by insiders.

Institutional Trading of SLR Investment

A number of institutional investors and hedge funds have recently bought and sold shares of SLRC. Westend Capital Management LLC purchased a new position in SLR Investment in the first quarter valued at about $74,000. SG Americas Securities LLC purchased a new position in SLR Investment in the 3rd quarter worth approximately $143,000. Oxford Asset Management LLP acquired a new stake in SLR Investment in the fourth quarter valued at approximately $191,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of SLR Investment during the third quarter valued at approximately $193,000. Finally, Virtu Financial LLC acquired a new position in shares of SLR Investment during the fourth quarter worth $195,000. Institutional investors and hedge funds own 35.32% of the company's stock.

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.