Raymond James Financial Inc. Purchases New Stake in SLR Investment Corp. (NASDAQ:SLRC)

Raymond James Financial Inc. purchased a new stake in SLR Investment Corp. (NASDAQ:SLRC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SLRC. Advisors Asset Management Inc. raised its stake in shares of SLR Investment by 130.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 36,113 shares of the financial services provider's stock valued at $544,000 after acquiring an additional 20,451 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in SLR Investment in the third quarter valued at about $353,000. Quantbot Technologies LP acquired a new position in shares of SLR Investment during the third quarter worth about $90,000. Paloma Partners Management Co purchased a new stake in shares of SLR Investment in the third quarter worth about $210,000. Finally, Jane Street Group LLC grew its stake in shares of SLR Investment by 15.0% in the third 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 in the last quarter. 35.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SLRC shares. Keefe, Bruyette & Woods boosted their price target on SLR Investment from $16.00 to $17.00 and gave the stock a "market perform" rating in a research report on Tuesday, March 4th. Compass Point lifted their price objective on shares of SLR Investment from $16.50 to $17.25 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $15.85.

SLR Investment Stock Down 0.3 %

SLRC traded down $0.06 on Friday, reaching $17.15. The company's stock had a trading volume of 217,321 shares, compared to its average volume of 155,870. SLR Investment Corp. has a 1 year low of $14.41 and a 1 year high of $17.94. The business's 50 day moving average is $17.17 and its 200 day moving average is $16.32. 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 stock has a market cap of $935.70 million, a price-to-earnings ratio of 9.69 and a beta of 1.13.

SLR Investment (NASDAQ:SLRC - Get Free Report) last released its earnings results on Tuesday, February 25th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The company had revenue of $55.58 million during the quarter, compared to analysts' expectations of $57.08 million. As a group, research analysts forecast that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.

SLR Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 9.56%. The ex-dividend date of this dividend was Friday, March 14th. SLR Investment's dividend payout ratio is currently 93.71%.

About SLR Investment

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.