SLR Investment Corp. (NASDAQ:SLRC) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its holdings in SLR Investment Corp. (NASDAQ:SLRC) by 8.2% during the fourth quarter, HoldingsChannel reports. The fund owned 209,754 shares of the financial services provider’s stock after purchasing an additional 15,859 shares during the period. Commonwealth Equity Services LLC’s holdings in SLR Investment were worth $3,390,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SLRC. Chicago Partners Investment Group LLC increased its stake in SLR Investment by 2.1% in the fourth quarter. Chicago Partners Investment Group LLC now owns 30,884 shares of the financial services provider’s stock valued at $504,000 after purchasing an additional 627 shares during the last quarter. Kelleher Financial Advisors grew its position in shares of SLR Investment by 8.6% in the 4th quarter. Kelleher Financial Advisors now owns 15,914 shares of the financial services provider’s stock valued at $257,000 after buying an additional 1,254 shares during the last quarter. Flagship Harbor Advisors LLC raised its stake in SLR Investment by 12.7% during the 4th quarter. Flagship Harbor Advisors LLC now owns 16,100 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 1,820 shares in the last quarter. Jane Street Group LLC lifted its position in SLR Investment by 15.0% in the third quarter. Jane Street Group LLC now owns 15,541 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 2,022 shares during the last quarter. Finally, Westend Capital Management LLC boosted its stake in SLR Investment by 71.3% in the fourth quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 3,082 shares in the last quarter. Institutional investors and hedge funds own 35.32% of the company’s stock.

Analyst Upgrades and Downgrades

SLRC has been the subject of several research reports. Keefe, Bruyette & Woods boosted their target price on SLR Investment from $16.00 to $17.00 and gave the company a “market perform” rating in a report on Tuesday, March 4th. Compass Point boosted their price objective on SLR Investment from $16.50 to $17.25 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, SLR Investment currently has an average rating of “Hold” and a consensus target price of $15.85.

SLR Investment Stock Performance

Shares of SLRC stock opened at $17.01 on Tuesday. SLR Investment Corp. has a 52-week low of $14.41 and a 52-week high of $17.94. The stock’s 50-day moving average price is $17.12 and its 200 day moving average price is $16.28. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $928.07 million, a PE ratio of 9.61 and a beta of 1.13.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The business had revenue of $55.58 million during the quarter, compared to analysts’ expectations of $57.08 million. As a group, equities research analysts forecast that SLR Investment Corp. will post 1.76 EPS for the current year.

SLR Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.64 annualized dividend and a dividend yield of 9.64%. SLR Investment’s dividend payout ratio is currently 93.71%.

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.