Legal & General Group Plc reduced its holdings in shares of SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 8.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 361,151 shares of the financial services provider's stock after selling 33,833 shares during the period. Legal & General Group Plc owned about 0.66% of SLR Investment worth $5,836,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Raymond James Financial Inc. bought a new position in SLR Investment in the fourth quarter worth approximately $4,565,000. Empirical Asset Management LLC bought a new position in shares of SLR Investment during the 4th quarter worth $3,895,000. Strategic Financial Concepts LLC purchased a new position in SLR Investment during the 4th quarter valued at about $1,902,000. Trexquant Investment LP raised its holdings in shares of SLR Investment by 75.5% in the 4th quarter. Trexquant Investment LP now owns 176,331 shares of the financial services provider's stock valued at $2,850,000 after purchasing an additional 75,879 shares in the last quarter. Finally, Epiq Partners LLC purchased a new stake in shares of SLR Investment in the 4th quarter worth approximately $1,047,000. 35.32% of the stock is currently owned by institutional investors.
SLR Investment Stock Performance
NASDAQ SLRC traded up $0.09 during trading hours on Thursday, reaching $15.64. The stock had a trading volume of 137,747 shares, compared to its average volume of 197,902. SLR Investment Corp. has a 52-week low of $13.64 and a 52-week high of $17.94. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $853.48 million, a P/E ratio of 8.84 and a beta of 0.90. The stock has a fifty day moving average of $16.54 and a 200 day moving average of $16.33.
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, topping the consensus estimate 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%. Sell-side analysts predict that SLR Investment Corp. will post 1.76 earnings per share for the current year.
SLR Investment Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.64 annualized dividend and a yield of 10.48%. SLR Investment's dividend payout ratio is presently 93.71%.
Analysts Set New Price Targets
Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on SLR Investment from $16.50 to $15.00 and set an "underweight" rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods increased their target price on shares of SLR Investment from $16.00 to $17.00 and gave the company a "market perform" rating in a research report on Tuesday, March 4th. Finally, Compass Point lifted their price target on shares of SLR Investment from $16.50 to $17.25 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $15.85.
View Our Latest Analysis on SLR Investment
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.
Read More
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
