260,893 Shares in SLR Investment Corp. $SLRC Acquired by Closed End Fund Advisors Inc.

Closed End Fund Advisors Inc. bought a new position in shares of SLR Investment Corp. (NASDAQ:SLRC) during the 4th quarter, HoldingsChannel.com reports. The fund bought 260,893 shares of the financial services provider’s stock, valued at approximately $4,033,000. SLR Investment makes up 2.4% of Closed End Fund Advisors Inc.’s investment portfolio, making the stock its 9th largest position.

Several other large investors have also recently added to or reduced their stakes in SLRC. Millennium Management LLC purchased a new stake in SLR Investment during the 3rd quarter worth approximately $2,650,000. Muzinich & Co. Inc. grew its holdings in SLR Investment by 37.4% during the 4th quarter. Muzinich & Co. Inc. now owns 534,336 shares of the financial services provider’s stock worth $8,261,000 after acquiring an additional 145,323 shares in the last quarter. Triad Investment Management acquired a new position in SLR Investment during the 4th quarter worth approximately $1,930,000. UBS Group AG raised its position in shares of SLR Investment by 22.4% during the 3rd quarter. UBS Group AG now owns 500,023 shares of the financial services provider’s stock worth $7,645,000 after acquiring an additional 91,622 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of SLR Investment by 25.4% in the 3rd quarter. Two Sigma Investments LP now owns 380,119 shares of the financial services provider’s stock valued at $5,812,000 after buying an additional 76,931 shares in the last quarter. 35.32% of the stock is owned by hedge funds and other institutional investors.

SLR Investment Stock Performance

Shares of SLRC opened at $12.79 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.15. The stock has a market cap of $697.82 million, a P/E ratio of 7.80 and a beta of 0.64. The company has a 50-day moving average of $14.27 and a two-hundred day moving average of $14.83. SLR Investment Corp. has a 12-month low of $12.79 and a 12-month high of $17.19.

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

SLR Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, June 12th. This represents a $1.24 dividend on an annualized basis and a yield of 9.7%. SLR Investment’s payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

SLRC has been the subject of several research analyst reports. Zacks Research cut shares of SLR Investment from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Compass Point upgraded shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 target price for the company in a research note on Tuesday, March 10th. Wall Street Zen cut shares of SLR Investment from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. reduced their target price on SLR Investment from $14.00 to $13.50 and set an “underweight” rating for the company in a report on Thursday, May 7th. Finally, Wells Fargo & Company reduced their price objective on shares of SLR Investment from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, SLR Investment has an average rating of “Reduce” and a consensus target price of $14.40.

Insider Transactions at SLR Investment

In other SLR Investment news, insider Michael S. Gross bought 25,000 shares of the business’s stock in a transaction on Friday, March 13th. The stock was bought at an average price of $13.91 per share, for a total transaction of $347,750.00. Following the completion of the transaction, the insider owned 4,014,701 shares in the company, valued at approximately $55,844,490.91. The trade was a 0.63% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 45,452 shares of company stock worth $623,933 in the last ninety days. Insiders own 8.80% of the company’s stock.

About SLR Investment

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.