Epiq Partners LLC Makes New $1.05 Million Investment in SLR Investment Corp. (NASDAQ:SLRC)

Epiq Partners LLC bought a new position in shares of SLR Investment Corp. (NASDAQ:SLRC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 64,760 shares of the financial services provider's stock, valued at approximately $1,047,000. Epiq Partners LLC owned approximately 0.12% of SLR Investment as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Empirical Asset Management LLC purchased a new stake in shares of SLR Investment in the fourth quarter valued at about $3,895,000. Van ECK Associates Corp grew its position in SLR Investment by 6.8% in the 3rd quarter. Van ECK Associates Corp now owns 999,291 shares of the financial services provider's stock valued at $15,369,000 after buying an additional 63,321 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in SLR Investment by 109.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 113,893 shares of the financial services provider's stock valued at $1,714,000 after acquiring an additional 59,492 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of SLR Investment during the 2nd quarter worth $786,000. Finally, International Assets Investment Management LLC grew its holdings in SLR Investment by 1,683.6% in the 3rd quarter. International Assets Investment Management LLC now owns 38,543 shares of the financial services provider's stock valued at $580,000 after buying an additional 36,382 shares during the period. Hedge funds and other institutional investors own 35.32% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company upped their target price on SLR Investment from $12.50 to $13.00 and gave the company an "underweight" rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $15.25.

SLR Investment Price Performance

SLRC stock traded up $0.07 during trading hours on Friday, hitting $16.91. 124,885 shares of the stock traded hands, compared to its average volume of 148,829. The stock has a 50-day simple moving average of $16.49 and a 200 day simple moving average of $15.83. SLR Investment Corp. has a one year low of $14.41 and a one year high of $16.96. The company has a market cap of $922.61 million, a P/E ratio of 9.55 and a beta of 1.13. 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 (NASDAQ:SLRC - Get Free Report) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share for the quarter, beating 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 business had revenue of $59.77 million during the quarter, compared to analysts' expectations of $58.48 million. During the same quarter last year, the business posted $0.42 earnings per share. Equities analysts forecast that SLR Investment Corp. will post 1.76 earnings per share for the current year.

SLR Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 9.70%. The ex-dividend date of this dividend was Friday, December 13th. SLR Investment's dividend payout ratio is 92.66%.

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.