Shares of SLR Investment Corp. (NASDAQ:SLRC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $19.38. SLR Investment shares last traded at $19.35, with a volume of 153,168 shares.
SLRC has been the topic of a number of recent analyst reports. TheStreet raised SLR Investment from a “c” rating to a “b-” rating in a report on Wednesday, May 26th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $19.00 target price (up previously from $18.50) on shares of SLR Investment in a report on Thursday, March 4th. Zacks Investment Research raised SLR Investment from a “sell” rating to a “hold” rating in a report on Thursday, April 29th. Compass Point raised SLR Investment from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Monday, May 3rd. Finally, Oppenheimer reissued a “buy” rating and issued a $21.00 target price on shares of SLR Investment in a report on Thursday, February 25th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. SLR Investment has an average rating of “Buy” and a consensus price target of $18.88.
The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $816.89 million, a price-to-earnings ratio of 7.24 and a beta of 1.29. The company’s 50 day simple moving average is $18.64.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 2nd. Stockholders of record on Wednesday, June 23rd will be issued a $0.41 dividend. The ex-dividend date is Tuesday, June 22nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 8.48%. SLR Investment’s dividend payout ratio (DPR) is 117.14%.
Several institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in shares of SLR Investment by 2.1% in the 4th quarter. LPL Financial LLC now owns 33,177 shares of the financial services provider’s stock worth $581,000 after purchasing an additional 669 shares during the period. Clear Harbor Asset Management LLC grew its stake in shares of SLR Investment by 0.5% in the fourth quarter. Clear Harbor Asset Management LLC now owns 156,282 shares of the financial services provider’s stock valued at $2,736,000 after buying an additional 707 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of SLR Investment by 3.8% in the first quarter. Sunbelt Securities Inc. now owns 19,719 shares of the financial services provider’s stock valued at $350,000 after buying an additional 725 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of SLR Investment by 3.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,911 shares of the financial services provider’s stock valued at $460,000 after buying an additional 971 shares in the last quarter. Finally, Virtus ETF Advisers LLC grew its stake in shares of SLR Investment by 5.8% in the first quarter. Virtus ETF Advisers LLC now owns 20,910 shares of the financial services provider’s stock valued at $371,000 after buying an additional 1,137 shares in the last quarter. Institutional investors own 50.87% of the company’s stock.
About SLR Investment (NASDAQ:SLRC)
Solar Capital Ltd. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, and strategic income-oriented control equity investments in leveraged middle market companies. The fund invests in aerospace and defense; air freight & logistics; asset management; automotive; banking; beverage, food and tobacco; building products; buildings and real estate; broadcasting and entertainment; cargo transport; commercial services and supplies; communications equipment; chemicals, plastics and rubber; containers, packaging and glass; construction & engineering; diversified/conglomerate manufacturing; consumer Finance; distributors; diversified/conglomerate services; diversified financial services; diversified real estate sctivities; food products; Footwear; Education Services; diversified telecommunications services; electronics; farming and agriculture; finance; grocery; health care equipment and supplies; health care facilities; education and childcare; home and office furnishing, durable consumer products; hotels, motels, inns and gaming; insurance; restaurants, leisure, amusement, and entertainment; leisure equipment tolls and services, media, multiline retail, multi sector holdings; paper and forest products; personal products; professional services, research and consulting services, software; specialty retail; textiles apparel and luxury goods, thrifts and mortgage finance, trading companies and distributors, utilities, and wireless telecommunication services; industrial conglomerates; internet software and services, IT services, machinery; mining, steel, iron, and non precious metals; oil and gas; personal, food and miscellaneous services; printing and publishing; retail stores; telecommunications; textiles and leather; and utilities.
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