SLR Investment Corp. (NASDAQ:SLRC) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp raised its position in shares of SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,044,152 shares of the financial services provider's stock after buying an additional 44,861 shares during the quarter. Van ECK Associates Corp owned about 1.91% of SLR Investment worth $16,874,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Strategic Financial Concepts LLC bought a new position in shares of SLR Investment during the fourth quarter valued at approximately $1,902,000. Chicago Partners Investment Group LLC grew its holdings in SLR Investment by 2.1% in the 4th quarter. Chicago Partners Investment Group LLC now owns 30,884 shares of the financial services provider's stock worth $504,000 after buying an additional 627 shares in the last quarter. Epiq Partners LLC bought a new position in SLR Investment in the 4th quarter worth approximately $1,047,000. Flagship Harbor Advisors LLC grew its holdings in 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 in the last quarter. Finally, Kelleher Financial Advisors grew its holdings in SLR Investment by 8.6% in the 4th quarter. Kelleher Financial Advisors now owns 15,914 shares of the financial services provider's stock worth $257,000 after buying an additional 1,254 shares in the last quarter. Institutional investors and hedge funds own 35.32% of the company's stock.

SLR Investment Price Performance

NASDAQ SLRC remained flat at $17.82 on Wednesday. The company's stock had a trading volume of 110,969 shares, compared to its average volume of 151,479. The stock's 50 day moving average price is $16.61 and its two-hundred day moving average price is $15.95. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $960.16 million, a P/E ratio of 10.07 and a beta of 1.14. SLR Investment Corp. has a 52-week low of $14.41 and a 52-week high of $17.85.

Wall Street Analysts Forecast Growth

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

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.