SLR Investment Corp. (NASDAQ:SLRC) Stock Position Increased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. grew its position in SLR Investment Corp. (NASDAQ:SLRC) by 22.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,748 shares of the financial services provider’s stock after purchasing an additional 3,081 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in SLR Investment were worth $252,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. All Season Financial Advisors Inc. boosted its position in shares of SLR Investment by 5.2% during the third quarter. All Season Financial Advisors Inc. now owns 25,868 shares of the financial services provider’s stock worth $398,000 after buying an additional 1,274 shares during the period. Sunbelt Securities Inc. boosted its position in SLR Investment by 2.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 84,588 shares of the financial services provider’s stock worth $1,302,000 after acquiring an additional 2,320 shares during the period. Samalin Investment Counsel LLC boosted its position in SLR Investment by 21.4% during the 3rd quarter. Samalin Investment Counsel LLC now owns 15,017 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 2,652 shares during the period. GraniteShares Advisors LLC grew its stake in shares of SLR Investment by 4.0% in the third quarter. GraniteShares Advisors LLC now owns 103,848 shares of the financial services provider’s stock worth $1,598,000 after purchasing an additional 3,982 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of SLR Investment during the third quarter valued at $143,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

SLR Investment Price Performance

SLRC opened at $15.41 on Wednesday. SLR Investment Corp. has a 12-month low of $13.48 and a 12-month high of $15.86. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $840.69 million, a P/E ratio of 11.01 and a beta of 1.11. The stock has a fifty day moving average of $15.10 and a 200-day moving average of $15.04.

SLR Investment (NASDAQ:SLRC) last issued its earnings results on Tuesday, February 27th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $59.79 million for the quarter, compared to the consensus estimate of $59.00 million. SLR Investment had a return on equity of 9.36% and a net margin of 33.31%. Equities analysts forecast that SLR Investment Corp. will post 1.73 EPS for the current fiscal year.

SLR Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.64%. The ex-dividend date of this dividend was Wednesday, March 13th. SLR Investment’s dividend payout ratio (DPR) is presently 117.14%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of 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 increased their target price on shares of SLR Investment from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, SLR Investment presently has a consensus rating of “Hold” and a consensus price target of $14.25.

Insider Buying and Selling

In other news, insider Michael S. Gross purchased 22,636 shares of SLR Investment stock in a transaction dated Friday, March 8th. The stock was acquired at an average cost of $15.74 per share, for a total transaction of $356,290.64. Following the acquisition, the insider now directly owns 3,804,860 shares in the company, valued at $59,888,496.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Michael S. Gross purchased 46,700 shares of SLR Investment stock in a transaction on Wednesday, March 6th. The stock was purchased at an average cost of $15.44 per share, with a total value of $721,048.00. Following the acquisition, the insider now directly owns 3,735,524 shares in the company, valued at $57,676,490.56. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael S. Gross acquired 22,636 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were bought at an average cost of $15.74 per share, with a total value of $356,290.64. Following the transaction, the insider now directly owns 3,804,860 shares of the company’s stock, valued at approximately $59,888,496.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 109,336 shares of company stock worth $1,680,539. Corporate insiders own 8.20% of the company’s stock.

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.