Commonwealth Equity Services LLC Raises Stock Position in SLR Investment Corp. (NASDAQ:SLRC)

Commonwealth Equity Services LLC lifted its position in shares of SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,754 shares of the financial services provider's stock after purchasing an additional 15,859 shares during the quarter. Commonwealth Equity Services LLC owned 0.38% of SLR Investment worth $3,390,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of SLR Investment in the third quarter valued at approximately $90,000. Westend Capital Management LLC raised its position in SLR Investment by 71.3% during the fourth quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider's stock worth $120,000 after acquiring an additional 3,082 shares during the period. Paloma Partners Management Co purchased a new position in SLR Investment during the third quarter valued at $210,000. Jane Street Group LLC grew its position in shares of 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 purchasing an additional 2,022 shares during the period. Finally, HB Wealth Management LLC purchased a new stake in shares of SLR Investment during the fourth quarter worth about $243,000. 35.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SLRC has been the topic of a number of research analyst reports. Compass Point lifted their price target on SLR Investment from $16.50 to $17.25 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Keefe, Bruyette & Woods lifted their target price on shares of SLR Investment from $16.00 to $17.00 and gave the stock a "market perform" rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $15.85.

Remove Ads

SLR Investment Trading Down 0.3 %

NASDAQ SLRC traded down $0.06 on Friday, reaching $17.15. 217,321 shares of the company were exchanged, compared to its average volume of 156,858. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. The business's fifty day moving average price is $17.16 and its 200 day moving average price is $16.30. The stock has a market capitalization of $935.70 million, a P/E ratio of 9.69 and a beta of 1.13. SLR Investment Corp. has a fifty-two week low of $14.41 and a fifty-two week high of $17.94.

SLR Investment (NASDAQ:SLRC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. The firm had revenue of $55.58 million for the quarter, compared to analysts' expectations of $57.08 million. Analysts forecast that SLR Investment Corp. will post 1.76 earnings per share for the current year.

SLR Investment Dividend Announcement

The company 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 dividend of $0.41 per share. The ex-dividend date is Friday, March 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.56%. SLR Investment's dividend payout ratio is currently 93.71%.

SLR Investment 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.