Raymond James Financial Inc. acquired a new stake in SLR Investment Corp. (NASDAQ:SLRC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 282,512 shares of the financial services provider's stock, valued at approximately $4,565,000. Raymond James Financial Inc. owned 0.52% of SLR Investment at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of SLRC. Jane Street Group LLC boosted its holdings in SLR Investment by 15.0% in the 3rd quarter. Jane Street Group LLC now owns 15,541 shares of the financial services provider's stock worth $234,000 after acquiring an additional 2,022 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of SLR Investment by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 1,336,411 shares of the financial services provider's stock valued at $20,113,000 after purchasing an additional 4,510 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in SLR Investment by 36.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 155,666 shares of the financial services provider's stock valued at $2,516,000 after purchasing an additional 41,773 shares in the last quarter. Empirical Asset Management LLC purchased a new stake in SLR Investment during the 4th quarter worth $3,895,000. Finally, Westend Capital Management LLC lifted its holdings in SLR Investment by 71.3% in the 4th quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider's stock worth $120,000 after buying an additional 3,082 shares in the last quarter. Institutional investors and hedge funds own 35.32% of the company's stock.
SLR Investment Stock Performance
SLR Investment stock traded down $0.09 during mid-day trading on Tuesday, reaching $15.68. The company's stock had a trading volume of 75,274 shares, compared to its average volume of 163,035. The firm has a market cap of $855.50 million, a price-to-earnings ratio of 8.86 and a beta of 0.90. SLR Investment Corp. has a twelve month low of $13.64 and a twelve month high of $17.94. The business has a 50 day moving average price of $16.41 and a 200-day moving average price of $16.36. 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 issued its earnings results on Tuesday, February 25th. The financial services provider reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $55.58 million during 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 EPS for the current fiscal year.
SLR Investment Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.41 per share. The ex-dividend date was Friday, March 14th. This represents a $1.64 annualized dividend and a dividend yield of 10.46%. SLR Investment's dividend payout ratio is currently 93.71%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on SLRC shares. Compass Point lifted their target price on SLR Investment from $16.50 to $17.25 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Wells Fargo & Company reduced their target price on SLR Investment from $13.00 to $12.00 and set an "underweight" rating for the company in a research note on Monday. JPMorgan Chase & Co. dropped their price target on shares of SLR Investment from $16.50 to $15.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of SLR Investment from $16.00 to $17.00 and gave the company a "market perform" rating in a research note on Tuesday, March 4th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $15.65.
Check Out Our Latest Stock Analysis on SLR Investment
SLR Investment Company Profile
(
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.
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