SLR Investment Corp. (NASDAQ:SLRC) Shares Bought by Trexquant Investment LP

Trexquant Investment LP grew its position in SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 75.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,331 shares of the financial services provider's stock after purchasing an additional 75,879 shares during the quarter. Trexquant Investment LP owned approximately 0.32% of SLR Investment worth $2,850,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Jane Street Group LLC raised its stake in 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. Sunbelt Securities Inc. raised its position in shares of SLR Investment by 12.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 100,576 shares of the financial services provider's stock worth $1,514,000 after acquiring an additional 11,510 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in SLR Investment by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 1,336,411 shares of the financial services provider's stock worth $20,113,000 after purchasing an additional 4,510 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in SLR Investment by 36.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 155,666 shares of the financial services provider's stock worth $2,516,000 after purchasing an additional 41,773 shares during the last quarter. Finally, Empirical Asset Management LLC acquired a new position in SLR Investment in the fourth quarter valued at approximately $3,895,000. 35.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

SLR Investment Stock Performance

Shares of SLRC stock traded up $0.15 during trading hours on Friday, hitting $14.64. The stock had a trading volume of 254,220 shares, compared to its average volume of 163,518. 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 firm has a market capitalization of $798.76 million, a PE ratio of 8.27 and a beta of 0.90. The stock's 50 day moving average is $16.83 and its 200 day moving average is $16.32. SLR Investment Corp. has a twelve month low of $13.64 and a twelve month 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 (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. The company had revenue of $55.58 million for the quarter, compared to the consensus estimate of $57.08 million. As a group, research analysts forecast that SLR Investment Corp. will post 1.76 earnings per share for the current fiscal year.

SLR Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 11.20%. The ex-dividend date was Friday, March 14th. SLR Investment's dividend payout ratio is presently 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.