Hennion & Walsh Asset Management Inc. Has $1.71 Million Position in SLR Investment Corp. (NASDAQ:SLRC)

Hennion & Walsh Asset Management Inc. boosted its holdings in SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 109.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,893 shares of the financial services provider's stock after acquiring an additional 59,492 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.21% of SLR Investment worth $1,714,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings in shares of SLR Investment by 8.0% during the first quarter. Van ECK Associates Corp now owns 918,196 shares of the financial services provider's stock valued at $14,094,000 after acquiring an additional 68,320 shares during the period. Condor Capital Management bought a new position in SLR Investment during the 2nd quarter valued at about $4,118,000. Strategic Financial Concepts LLC acquired a new position in SLR Investment in the second quarter valued at about $1,639,000. Dimensional Fund Advisors LP bought a new stake in SLR Investment during the second quarter worth about $786,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of SLR Investment by 1.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 137,962 shares of the financial services provider's stock worth $2,220,000 after buying an additional 1,897 shares in the last quarter. Institutional investors and hedge funds own 35.32% of the company's stock.

SLR Investment Trading Down 0.4 %

SLRC traded down $0.06 during mid-day trading on Friday, reaching $15.42. The stock had a trading volume of 97,965 shares, compared to its average volume of 158,598. The stock has a market capitalization of $841.32 million, a P/E ratio of 8.29 and a beta of 1.13. SLR Investment Corp. has a 52 week low of $13.93 and a 52 week high of $16.77. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.04 and a current ratio of 1.04. The firm's fifty day simple moving average is $15.32 and its two-hundred day simple moving average is $15.64.

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 (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. SLR Investment had a return on equity of 9.65% and a net margin of 42.99%. The business had revenue of $58.98 million for the quarter, compared to analysts' expectations of $58.23 million. During the same quarter last year, the business earned $0.42 earnings per share. On average, equities analysts predict that SLR Investment Corp. will post 1.74 EPS for the current year.

SLR Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.64%. The ex-dividend date was Friday, September 13th. SLR Investment's dividend payout ratio (DPR) is 88.17%.

Analyst Upgrades and Downgrades

SLRC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered SLR Investment from a "neutral" rating to an "underweight" rating and decreased their price target for the stock from $15.50 to $15.00 in a research report on Monday, July 29th. StockNews.com initiated coverage on SLR Investment in a research note on Tuesday, July 23rd. They issued a "hold" rating for the company. Finally, Wells Fargo & Company upped their price target on shares of SLR Investment from $12.50 to $13.00 and gave the stock an "underweight" rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. According to data from MarketBeat, SLR Investment presently has a consensus rating of "Hold" and a consensus price target of $15.25.

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.