SLR Investment Corp. (NASDAQ:SLRC) Stake Boosted by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its position in SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 1,683.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,543 shares of the financial services provider's stock after buying an additional 36,382 shares during the period. International Assets Investment Management LLC owned approximately 0.07% of SLR Investment worth $580,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Confluence Investment Management LLC grew its holdings in shares of SLR Investment by 0.9% during the second quarter. Confluence Investment Management LLC now owns 185,372 shares of the financial services provider's stock valued at $2,983,000 after buying an additional 1,570 shares during the last quarter. Wedbush Securities Inc. boosted its position in shares of SLR Investment by 4.1% during the second quarter. Wedbush Securities Inc. now owns 40,900 shares of the financial services provider's stock worth $658,000 after acquiring an additional 1,616 shares during the last quarter. Sunbelt Securities Inc. grew its position in SLR Investment by 1.9% in the second quarter. Sunbelt Securities Inc. now owns 89,066 shares of the financial services provider's stock worth $1,433,000 after acquiring an additional 1,683 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of SLR Investment by 1.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 137,962 shares of the financial services provider's stock valued at $2,220,000 after acquiring an additional 1,897 shares in the last quarter. Finally, Pullen Investment Management LLC boosted its position in SLR Investment by 5.1% during the second quarter. Pullen Investment Management LLC now owns 55,371 shares of the financial services provider's stock valued at $891,000 after purchasing an additional 2,693 shares in the last quarter. 35.32% of the stock is currently owned by institutional investors.

SLR Investment Stock Up 1.8 %

NASDAQ SLRC traded up $0.27 during trading hours on Wednesday, hitting $15.39. 183,446 shares of the company were exchanged, compared to its average volume of 157,731. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.16. The firm has a market cap of $839.68 million, a price-to-earnings ratio of 8.27 and a beta of 1.12. The company has a 50 day moving average of $15.30 and a two-hundred day moving average of $15.66. SLR Investment Corp. has a 52-week low of $14.41 and a 52-week high of $16.77.

SLR Investment (NASDAQ:SLRC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. The firm had revenue of $58.98 million for the quarter, compared to the consensus estimate of $58.23 million. SLR Investment had a return on equity of 9.65% and a net margin of 42.99%. During the same period in the previous year, the business earned $0.42 earnings per share. Equities research analysts anticipate that SLR Investment Corp. will post 1.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on SLRC. JPMorgan Chase & Co. cut shares of SLR Investment from a "neutral" rating to an "underweight" rating and lowered their target price for the stock from $15.50 to $15.00 in a research note on Monday, July 29th. StockNews.com assumed coverage on shares of SLR Investment in a report on Tuesday, July 23rd. They set a "hold" rating on the stock. Finally, Wells Fargo & Company lowered their target price on shares of SLR Investment from $13.00 to $12.50 and set an "underweight" rating on the stock in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $15.13.

SLR Investment Company 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.