Short Interest in SLR Investment Corp. (NASDAQ:SLRC) Rises By 19.7%

SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 187,800 shares, an increase of 19.7% from the November 30th total of 156,900 shares. Based on an average trading volume of 167,600 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On SLR Investment

Several institutional investors and hedge funds have recently modified their holdings of SLRC. International Assets Investment Management LLC acquired a new stake in SLR Investment in the 2nd quarter worth approximately $35,000. EverSource Wealth Advisors LLC acquired a new stake in shares of SLR Investment in the second quarter worth $47,000. Quantbot Technologies LP acquired a new stake in shares of SLR Investment in the third quarter worth $90,000. Creative Planning bought a new stake in shares of SLR Investment during the 3rd quarter worth $170,000. Finally, MQS Management LLC acquired a new position in SLR Investment in the 3rd quarter valued at $197,000. Institutional investors and hedge funds own 35.32% of the company's stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upped their target price on SLR Investment from $12.50 to $13.00 and gave the company an "underweight" rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $15.25.

SLR Investment Stock Down 0.6 %

Shares of NASDAQ:SLRC traded down $0.10 during midday trading on Tuesday, hitting $16.16. 363,760 shares of the stock were exchanged, compared to its average volume of 161,106. The business's fifty day simple moving average is $16.14 and its two-hundred day simple moving average is $15.75. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. SLR Investment has a 52-week low of $14.41 and a 52-week high of $16.91. The company has a market capitalization of $881.61 million, a PE ratio of 9.13 and a beta of 1.14.

SLR Investment (NASDAQ:SLRC - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. 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 9.73% and a net margin of 40.89%. The business had revenue of $59.77 million during the quarter, compared to analyst estimates of $58.48 million. During the same period in the previous year, the company earned $0.42 EPS. As a group, research analysts predict that SLR Investment will post 1.76 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.64 annualized dividend and a dividend yield of 10.15%. SLR Investment's dividend payout ratio (DPR) is 92.66%.

SLR Investment Company 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.