Van ECK Associates Corp Increases Holdings in SLR Investment Corp. (NASDAQ:SLRC)

Van ECK Associates Corp increased its position in SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 6.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 999,291 shares of the financial services provider's stock after purchasing an additional 63,321 shares during the period. Van ECK Associates Corp owned 1.83% of SLR Investment worth $15,369,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Condor Capital Management bought a new position in shares of SLR Investment in the 2nd quarter worth about $4,118,000. Raymond James & Associates increased its stake in shares of SLR Investment by 11.5% during the third quarter. Raymond James & Associates now owns 251,495 shares of the financial services provider's stock valued at $3,785,000 after purchasing an additional 26,030 shares in the last quarter. Confluence Investment Management LLC increased its stake in shares of SLR Investment by 0.9% during the second quarter. Confluence Investment Management LLC now owns 185,372 shares of the financial services provider's stock valued at $2,983,000 after purchasing an additional 1,570 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of SLR Investment by 1.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 137,962 shares of the financial services provider's stock worth $2,220,000 after purchasing an additional 1,897 shares in the last quarter. Finally, GraniteShares Advisors LLC grew its stake in shares of SLR Investment by 14.2% in the 2nd quarter. GraniteShares Advisors LLC now owns 128,096 shares of the financial services provider's stock worth $2,061,000 after buying an additional 15,976 shares during the last quarter. Hedge funds and other institutional investors own 35.32% of the company's stock.

SLR Investment Stock Up 1.8 %

Shares of SLR Investment stock traded up $0.27 on Wednesday, reaching $15.39. The company's stock had a trading volume of 183,446 shares, compared to its average volume of 157,731. SLR Investment Corp. has a 52 week low of $14.41 and a 52 week high of $16.77. The firm's fifty day simple moving average is $15.31 and its two-hundred day simple moving average is $15.66. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $839.68 million, a price-to-earnings ratio of 8.20 and a beta of 1.12.

SLR Investment (NASDAQ:SLRC - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $58.98 million during the quarter, compared to the consensus estimate of $58.23 million. SLR Investment had a return on equity of 9.65% and a net margin of 42.99%. During the same period last year, the company earned $0.42 EPS. Equities analysts anticipate that SLR Investment Corp. will post 1.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. cut SLR Investment from a "neutral" rating to an "underweight" rating and lowered their price objective for the company from $15.50 to $15.00 in a research note on Monday, July 29th. StockNews.com began coverage on shares of SLR Investment in a research note on Tuesday, July 23rd. They issued a "hold" rating on the stock. Finally, Wells Fargo & Company cut their price objective on shares of SLR Investment from $13.00 to $12.50 and set an "underweight" rating on the stock in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $15.13.

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.