Raymond James Financial Inc. bought a new stake in SLR Investment Corp. (NASDAQ:SLRC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 282,512 shares of the financial services provider's stock, valued at approximately $4,565,000. Raymond James Financial Inc. owned approximately 0.52% of SLR Investment as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Chicago Partners Investment Group LLC raised its position in shares of SLR Investment by 2.1% during the 4th quarter. Chicago Partners Investment Group LLC now owns 30,884 shares of the financial services provider's stock valued at $504,000 after acquiring an additional 627 shares in the last quarter. Kelleher Financial Advisors raised its holdings in shares of SLR Investment by 8.6% during the fourth quarter. Kelleher Financial Advisors now owns 15,914 shares of the financial services provider's stock worth $257,000 after purchasing an additional 1,254 shares during the period. Flagship Harbor Advisors LLC lifted its position in shares of SLR Investment by 12.7% in the 4th quarter. Flagship Harbor Advisors LLC now owns 16,100 shares of the financial services provider's stock worth $260,000 after buying an additional 1,820 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of 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 valued at $234,000 after buying an additional 2,022 shares during the period. Finally, Westend Capital Management LLC grew its position in shares of SLR Investment by 71.3% during the 4th quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider's stock valued at $120,000 after buying an additional 3,082 shares during the last quarter. Institutional investors and hedge funds own 35.32% of the company's stock.
SLR Investment Stock Performance
SLRC stock traded down $0.06 on Friday, reaching $17.15. The company's stock had a trading volume of 89,242 shares, compared to its average volume of 156,384. The firm has a fifty day moving average of $17.16 and a two-hundred day moving average of $16.30. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $935.70 million, a P/E ratio of 9.69 and a beta of 1.13. SLR Investment Corp. has a 52 week low of $14.41 and a 52 week high of $17.94.
SLR Investment (NASDAQ:SLRC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The business had revenue of $55.58 million for the quarter, compared to analysts' expectations of $57.08 million. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. As a group, analysts predict that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.
SLR Investment Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.41 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.64 dividend on an annualized basis and a yield of 9.56%. SLR Investment's dividend payout ratio (DPR) is 93.71%.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on SLRC shares. Compass Point lifted their target price on SLR Investment from $16.50 to $17.25 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Keefe, Bruyette & Woods boosted their price objective on SLR Investment from $16.00 to $17.00 and gave the company a "market perform" rating in a research report on Tuesday, March 4th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $15.85.
Check Out Our Latest Report on SLR Investment
SLR Investment 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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