Flagship Harbor Advisors LLC boosted its position in SLR Investment Corp. (NASDAQ:SLRC – Free Report) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,100 shares of the financial services provider’s stock after buying an additional 1,820 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in SLR Investment were worth $260,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kelleher Financial Advisors increased its position in shares of SLR Investment by 8.6% during the 4th quarter. Kelleher Financial Advisors now owns 15,914 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 1,254 shares during the last quarter. Confluence Investment Management LLC increased its position in shares of SLR Investment by 0.8% during the 3rd quarter. Confluence Investment Management LLC now owns 186,928 shares of the financial services provider’s stock worth $2,813,000 after purchasing an additional 1,556 shares during the last quarter. Jane Street Group LLC increased its position in shares of SLR Investment by 15.0% during the 3rd quarter. Jane Street Group LLC now owns 15,541 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 2,022 shares during the last quarter. Westend Capital Management LLC increased its position in shares of SLR Investment by 71.3% during the 4th quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 3,082 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of SLR Investment by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,336,411 shares of the financial services provider’s stock worth $20,113,000 after purchasing an additional 4,510 shares during the last quarter. Institutional investors and hedge funds own 35.32% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Wells Fargo & Company boosted their price target on SLR Investment from $12.50 to $13.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, SLR Investment presently has a consensus rating of “Hold” and an average price target of $15.25.
SLR Investment Stock Performance
Shares of NASDAQ SLRC opened at $16.66 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. SLR Investment Corp. has a 12 month low of $14.41 and a 12 month high of $16.91. The stock has a 50 day moving average of $16.48 and a 200-day moving average of $15.82. The company has a market capitalization of $908.97 million, a P/E ratio of 9.41 and a beta of 1.13.
SLR Investment (NASDAQ:SLRC – Get Free Report) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The company had revenue of $59.77 million during the quarter, compared to the consensus estimate of $58.48 million. During the same period in the previous year, the company posted $0.42 EPS. As a group, equities research analysts predict that SLR Investment Corp. will post 1.76 EPS for the current year.
SLR Investment Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.64 annualized dividend and a yield of 9.84%. SLR Investment’s dividend payout ratio (DPR) is presently 92.66%.
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.
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