SLR Investment Corp. $SLRC Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC decreased its position in shares of SLR Investment Corp. (NASDAQ:SLRC) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 869,253 shares of the financial services provider’s stock after selling 92,753 shares during the period. Aristotle Capital Boston LLC’s holdings in SLR Investment were worth $13,439,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers lifted its stake in SLR Investment by 3.3% during the 4th quarter. Cetera Investment Advisers now owns 47,321 shares of the financial services provider’s stock worth $732,000 after acquiring an additional 1,493 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in SLR Investment during the 4th quarter worth about $269,000. Mariner LLC acquired a new position in SLR Investment during the 4th quarter worth about $179,000. Altrafin AG purchased a new stake in SLR Investment during the 4th quarter worth about $786,000. Finally, Kestra Advisory Services LLC purchased a new stake in SLR Investment during the 4th quarter worth about $110,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SLRC. Zacks Research downgraded SLR Investment from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. JPMorgan Chase & Co. cut their price target on SLR Investment from $14.00 to $13.50 and set an “underweight” rating on the stock in a report on Thursday, May 7th. Compass Point upgraded SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price target on the stock in a report on Tuesday, March 10th. Keefe, Bruyette & Woods cut their price target on SLR Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a report on Monday, March 30th. Finally, Wall Street Zen downgraded SLR Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $14.40.

SLR Investment Trading Down 1.2%

SLRC opened at $12.35 on Thursday. SLR Investment Corp. has a one year low of $12.32 and a one year high of $16.83. The company has a market cap of $673.82 million, a P/E ratio of 7.53 and a beta of 0.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.04 and a current ratio of 1.04. The business’s 50-day simple moving average is $14.01 and its 200-day simple moving average is $14.68.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). SLR Investment had a net margin of 41.81% and a return on equity of 8.33%. The business had revenue of $47.14 million during the quarter, compared to analysts’ expectations of $54.01 million. As a group, equities research analysts expect that SLR Investment Corp. will post 1.33 EPS for the current fiscal year.

SLR Investment Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 10.0%. SLR Investment’s dividend payout ratio is 75.61%.

Insider Activity

In other news, insider Michael S. Gross bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of $13.09 per share, with a total value of $130,900.00. Following the transaction, the insider directly owned 4,035,153 shares in the company, valued at $52,820,152.77. This trade represents a 0.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.80% of the stock is currently owned by company insiders.

SLR Investment Profile

SLR Investment Corp. (NASDAQ: SLRC) is a closed?end, externally managed business development company that provides customized debt and equity financing solutions to middle?market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co?investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor?backed transactions.

SLR Investment Corp.