Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of SLR Investment Corp. (NASDAQ:SLRC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 27,728 shares of the financial services provider's stock, valued at approximately $448,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.05% of SLR Investment at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its stake in shares of SLR Investment by 130.6% during the third quarter. Advisors Asset Management Inc. now owns 36,113 shares of the financial services provider's stock worth $544,000 after acquiring an additional 20,451 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of SLR Investment during the 3rd quarter valued at $353,000. Quantbot Technologies LP purchased a new position in SLR Investment in the 3rd quarter worth $90,000. Paloma Partners Management Co purchased a new position in SLR Investment in the 3rd quarter worth $210,000. Finally, Jane Street Group LLC lifted its stake 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 worth $234,000 after purchasing an additional 2,022 shares during the last quarter. Institutional investors own 35.32% of the company's stock.
SLR Investment Trading Down 0.5 %
Shares of SLRC stock traded down $0.08 during mid-day trading on Wednesday, reaching $17.01. The stock had a trading volume of 115,383 shares, compared to its average volume of 155,249. The firm has a market capitalization of $928.07 million, a PE ratio of 9.61 and a beta of 1.13. The stock's 50-day moving average price is $17.14 and its two-hundred day moving average price is $16.29. 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 52-week low of $14.41 and a 52-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 (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $55.58 million for the quarter, compared to the consensus estimate of $57.08 million. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. Equities analysts expect that SLR Investment Corp. will post 1.76 earnings per share for the current fiscal year.
SLR Investment Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 9.64%. The ex-dividend date of this dividend is Friday, March 14th. SLR Investment's dividend payout ratio (DPR) is currently 93.71%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on SLRC shares. Keefe, Bruyette & Woods raised their price objective on SLR Investment from $16.00 to $17.00 and gave the company a "market perform" rating in a research note on Tuesday, March 4th. Compass Point raised their price target on SLR Investment from $16.50 to $17.25 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat, SLR Investment has an average rating of "Hold" and an average target price of $15.85.
Check Out Our Latest Stock Analysis on SLRC
About SLR Investment
(
Free Report)
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.
Further Reading
Before you consider SLR Investment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SLR Investment wasn't on the list.
While SLR Investment currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
