SLR Investment (NASDAQ:SLRC) Stock Price Passes Above 200-Day Moving Average of $15.05

SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.05 and traded as high as $15.20. SLR Investment shares last traded at $15.11, with a volume of 241,645 shares changing hands.

Wall Street Analysts Forecast Growth

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

SLR Investment Price Performance

The company has a market cap of $822.76 million, a PE ratio of 10.77 and a beta of 1.11. The business's 50 day moving average price is $15.11 and its 200-day moving average price is $15.04. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.19.

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

SLR Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.88%. SLR Investment's dividend payout ratio (DPR) is presently 117.14%.

Insider Buying and Selling

In related news, insider Michael S. Gross purchased 46,700 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average price of $15.44 per share, for a total transaction of $721,048.00. Following the completion of the purchase, the insider now owns 3,735,524 shares in the company, valued at $57,676,490.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other SLR Investment news, insider Michael S. Gross bought 22,636 shares of the stock in a transaction on Friday, March 8th. The stock was purchased at an average price of $15.74 per share, for a total transaction of $356,290.64. Following the completion of the purchase, the insider now directly owns 3,804,860 shares in the company, valued at $59,888,496.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael S. Gross bought 46,700 shares of the stock in a transaction on Wednesday, March 6th. The shares were acquired at an average price of $15.44 per share, with a total value of $721,048.00. Following the purchase, the insider now owns 3,735,524 shares of the company's stock, valued at $57,676,490.56. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 109,336 shares of company stock worth $1,680,539. Insiders own 8.20% of the company's stock.

Institutional Trading of SLR Investment

Institutional investors have recently added to or reduced their stakes in the business. Ares Management LLC grew its position in shares of SLR Investment by 19.3% during the first quarter. Ares Management LLC now owns 1,895,303 shares of the financial services provider's stock worth $34,362,000 after acquiring an additional 306,084 shares during the last quarter. BlackRock Inc. grew its position in shares of SLR Investment by 70.8% during the third quarter. BlackRock Inc. now owns 471,061 shares of the financial services provider's stock worth $5,803,000 after acquiring an additional 195,228 shares during the last quarter. Confluence Investment Management LLC bought a new position in shares of SLR Investment during the first quarter worth about $2,821,000. NewEdge Wealth LLC bought a new position in shares of SLR Investment during the fourth quarter worth about $1,780,000. Finally, Legal & General Group Plc grew its position in shares of SLR Investment by 42.1% during the second quarter. Legal & General Group Plc now owns 326,348 shares of the financial services provider's stock worth $4,781,000 after acquiring an additional 96,666 shares during the last quarter. Institutional investors own 35.32% of the company's stock.

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.