In a filing, SLR Investment Corp. revealed its insider SPOHLER BRUCE J acquired Company’s shares for reported $0.36 million on Mar 08 ’24. In the deal valued at $15.74 per share,22,636 shares were bought. As a result of this transaction, SPOHLER BRUCE J now holds 3,643,136 shares worth roughly $56.14 million.
Then, GROSS MICHAEL S bought 22,636 shares, generating $356,291 in total proceeds. Upon buying the shares at $15.74, the insider now owns 3,804,860 shares.
Before that, GROSS MICHAEL S bought 46,700 shares. SLR Investment Corp. shares valued at $734,124 were divested by the insider at a price of $15.72 per share. As a result of the transaction, GROSS MICHAEL S now holds 3,782,224 shares, worth roughly $58.28 million.
Ladenburg Thalmann downgraded its SLR Investment Corp. [SLRC] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in late July with a ‘”a Neutral”‘ rating. Compass Point also remained covering SLRC and has decreased its forecast on February 06, 2023 with a “Neutral” recommendation from previously “Buy” rating. Compass Point revised its rating on November 09, 2022. It rated SLRC as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SLRC
On Tuesday, SLR Investment Corp. [NASDAQ:SLRC] saw its stock jump 1.31% to $15.41. Over the last five days, the stock has gained 4.12%. SLR Investment Corp. shares have risen nearly 2.53% since the year began. Nevertheless, the stocks have risen 6.35% over the past one year. While a 52-week high of $15.86 was reached on 03/08/24, a 52-week low of $13.48 was recorded on 02/14/24. SMA at 50 days reached $15.10, while 200 days put it at $15.05. A total of 0.35 million shares were traded, compared to the trading of 0.19 million shares in the previous session.
Levels Of Support And Resistance For SLRC Stock
The 24-hour chart illustrates a support level at 15.26, which if violated will result in even more drops to 15.11. On the upside, there is a resistance level at 15.49. A further resistance level may holdings at 15.57. The Relative Strength Index (RSI) on the 14-day chart is 62.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.50%. Stochastics %K at 86.55% indicates the stock is a selling.
