Hennion & Walsh Asset Management Inc. Has $2.52 Million Stake in SLR Investment Corp. (NASDAQ:SLRC)

Hennion & Walsh Asset Management Inc. grew its stake in SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 36.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,666 shares of the financial services provider's stock after purchasing an additional 41,773 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 0.29% of SLR Investment worth $2,516,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SLRC. International Assets Investment Management LLC boosted its stake 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 purchasing an additional 36,382 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of SLR Investment by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 1,336,411 shares of the financial services provider's stock worth $20,113,000 after buying an additional 4,510 shares in the last quarter. Creative Planning bought a new stake in shares of SLR Investment in the third quarter valued at about $170,000. Jane Street Group LLC boosted 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 acquiring an additional 2,022 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new position in shares of SLR Investment in the second quarter valued at about $786,000. Institutional investors and hedge funds own 35.32% of the company's stock.

Analysts Set New Price Targets

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

SLR Investment Price Performance

Shares of NASDAQ:SLRC traded up $0.10 during trading on Friday, reaching $16.75. 115,683 shares of the company traded hands, compared to its average volume of 160,772. The firm has a market capitalization of $913.88 million, a PE ratio of 9.46 and a beta of 1.13. SLR Investment Corp. has a 52 week low of $14.41 and a 52 week high of $16.91. 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 company's 50 day moving average is $16.39 and its two-hundred day moving average is $15.79.

SLR Investment (NASDAQ:SLRC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. The business had revenue of $59.77 million during the quarter, compared to analysts' expectations of $58.48 million. During the same quarter in the prior year, the business posted $0.42 earnings per share. As a group, sell-side analysts predict 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 was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.41 per share. The ex-dividend date was Friday, December 13th. This represents a $1.64 annualized dividend and a dividend yield of 9.79%. 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.