SLR Investment Corp. (NASDAQ:SLRC) Director Sells $42,030.00 in Stock

SLR Investment Corp. (NASDAQ:SLRCGet Rating) Director Steven Hochberg sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $14.01, for a total transaction of $42,030.00. Following the transaction, the director now directly owns 2,742 shares of the company’s stock, valued at $38,415.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Steven Hochberg also recently made the following trade(s):

  • On Tuesday, November 8th, Steven Hochberg sold 14,850 shares of SLR Investment stock. The shares were sold at an average price of $13.71, for a total transaction of $203,593.50.
  • On Thursday, November 10th, Steven Hochberg acquired 6,858 shares of SLR Investment stock. The shares were purchased at an average cost of $13.97 per share, with a total value of $95,806.26.

SLR Investment Price Performance

Shares of SLRC opened at $14.01 on Monday. The stock has a market cap of $767.37 million, a PE ratio of 100.07 and a beta of 1.08. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.00 and a current ratio of 1.00. SLR Investment Corp. has a fifty-two week low of $12.08 and a fifty-two week high of $19.60. The firm’s 50-day simple moving average is $13.61 and its two-hundred day simple moving average is $14.54.

SLR Investment Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 17th will be issued a $0.137 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 11.73%. The ex-dividend date of this dividend is Wednesday, November 16th. SLR Investment’s dividend payout ratio (DPR) is presently 1,171.43%.

Institutional Investors Weigh In On SLR Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in SLR Investment by 39.7% in the second quarter. JPMorgan Chase & Co. now owns 2,809,422 shares of the financial services provider’s stock worth $41,102,000 after purchasing an additional 797,719 shares during the period. Ares Management LLC grew its holdings in shares of SLR Investment by 19.3% during the first quarter. Ares Management LLC now owns 1,895,303 shares of the financial services provider’s stock valued at $34,362,000 after buying an additional 306,084 shares during the last quarter. Aristotle Capital Boston LLC grew its holdings in shares of SLR Investment by 1.5% during the second quarter. Aristotle Capital Boston LLC now owns 1,735,808 shares of the financial services provider’s stock valued at $25,395,000 after buying an additional 25,467 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of SLR Investment by 61.6% during the first quarter. Van ECK Associates Corp now owns 932,476 shares of the financial services provider’s stock valued at $16,905,000 after buying an additional 355,581 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of SLR Investment by 70.8% during the third quarter. BlackRock Inc. now owns 471,061 shares of the financial services provider’s stock valued at $5,803,000 after buying an additional 195,228 shares during the last quarter. Hedge funds and other institutional investors own 35.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Compass Point raised shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $15.75 price objective for the company in a research note on Wednesday, November 9th. StockNews.com assumed coverage on shares of SLR Investment in a research note on Wednesday, October 12th. They issued a “sell” rating for the company. Oppenheimer downgraded shares of SLR Investment from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $20.00 to $16.00 in a research note on Wednesday, August 3rd. Wells Fargo & Company decreased their price target on shares of SLR Investment from $12.00 to $11.50 and set an “underweight” rating for the company in a research note on Friday, November 4th. Finally, Hovde Group decreased their price target on shares of SLR Investment to $15.00 in a research note on Wednesday, October 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, SLR Investment presently has a consensus rating of “Hold” and an average price target of $15.89.

About SLR Investment

(Get Rating)

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.

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