Dynamic Technology Lab Private Ltd Purchases Shares of 32,619 SLR Investment Corp. (NASDAQ:SLRC)

Dynamic Technology Lab Private Ltd bought a new position in shares of SLR Investment Corp. (NASDAQ:SLRC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 32,619 shares of the financial services provider’s stock, valued at approximately $490,000. Dynamic Technology Lab Private Ltd owned approximately 0.06% of SLR Investment as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SLRC. Samalin Investment Counsel LLC lifted its stake in SLR Investment by 21.4% in the third quarter. Samalin Investment Counsel LLC now owns 15,017 shares of the financial services provider’s stock valued at $231,000 after buying an additional 2,652 shares during the period. Raymond James & Associates raised its holdings in shares of SLR Investment by 15.7% in the 3rd quarter. Raymond James & Associates now owns 79,696 shares of the financial services provider’s stock valued at $1,227,000 after acquiring an additional 10,829 shares in the last quarter. Van ECK Associates Corp grew its position in SLR Investment by 6.5% during the 3rd quarter. Van ECK Associates Corp now owns 768,482 shares of the financial services provider’s stock worth $11,827,000 after acquiring an additional 46,760 shares during the last quarter. Pekin Hardy Strauss Inc. grew its position in shares of SLR Investment by 6.5% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 80,400 shares of the financial services provider’s stock worth $1,208,000 after buying an additional 4,875 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of SLR Investment by 1.8% in the 3rd quarter. Invesco Ltd. now owns 689,099 shares of the financial services provider’s stock worth $10,605,000 after buying an additional 12,119 shares during the last quarter. Institutional investors and hedge funds own 35.32% of the company’s stock.

Insider Buying and Selling at SLR Investment

In other news, insider Michael S. Gross purchased 40,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average price of $15.08 per share, with a total value of $603,200.00. Following the purchase, the insider now directly owns 3,642,124 shares of the company’s stock, valued at approximately $54,923,229.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other SLR Investment news, insider Michael S. Gross acquired 40,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $15.08 per share, with a total value of $603,200.00. Following the transaction, the insider now directly owns 3,642,124 shares in the company, valued at $54,923,229.92. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael S. Gross acquired 46,700 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average cost of $15.44 per share, with a total value of $721,048.00. Following the transaction, the insider now owns 3,735,524 shares in the company, valued at $57,676,490.56. The disclosure for this purchase can be found here. Insiders have purchased a total of 109,336 shares of company stock worth $1,680,539 in the last quarter. 8.20% of the stock is owned by insiders.

SLR Investment Price Performance

Shares of SLRC opened at $16.29 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $888.78 million, a price-to-earnings ratio of 9.15 and a beta of 1.10. SLR Investment Corp. has a fifty-two week low of $13.75 and a fifty-two week high of $16.35. The firm has a 50-day simple moving average of $15.44 and a 200-day simple moving average of $15.22.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. SLR Investment had a net margin of 41.66% and a return on equity of 9.51%. The business had revenue of $59.79 million during the quarter, compared to analysts’ expectations of $59.00 million. On average, equities research analysts anticipate that SLR Investment Corp. will post 1.74 earnings per share for the current year.

SLR Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be issued a $0.41 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.07%. SLR Investment’s dividend payout ratio (DPR) is presently 92.13%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SLRC. JPMorgan Chase & Co. cut their price objective on SLR Investment from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. B. Riley restated a “neutral” rating and set a $17.00 price objective (up from $16.00) on shares of SLR Investment in a research report on Friday, May 10th. Finally, Keefe, Bruyette & Woods upped their target price on SLR Investment from $15.50 to $16.00 and gave the company a “market perform” rating in a research note on Thursday. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $14.80.

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.