International Assets Investment Management LLC Has $488,000 Position in SLR Investment Corp. (NASDAQ:SLRC)

International Assets Investment Management LLC grew its stake in SLR Investment Corp. (NASDAQ:SLRC) by 1,693.5% during the fourth quarter, HoldingsChannel reports. The firm owned 32,480 shares of the financial services provider’s stock after buying an additional 30,669 shares during the quarter. International Assets Investment Management LLC’s holdings in SLR Investment were worth $488,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Samalin Investment Counsel LLC boosted its stake in shares of SLR Investment by 21.4% in the 3rd quarter. Samalin Investment Counsel LLC now owns 15,017 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 2,652 shares in the last quarter. Raymond James & Associates boosted its stake 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 purchasing an additional 10,829 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of SLR Investment by 6.5% in the 3rd quarter. Van ECK Associates Corp now owns 768,482 shares of the financial services provider’s stock valued at $11,827,000 after purchasing an additional 46,760 shares in the last quarter. Invesco Ltd. boosted its position in SLR Investment by 1.8% during 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 period. Finally, All Season Financial Advisors Inc. boosted its position in SLR Investment by 5.2% during the 3rd 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. 35.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on SLRC. B. Riley lifted their target price on shares of SLR Investment from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. cut their target price on shares of SLR Investment from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.25.

SLR Investment Stock Down 1.7 %

Shares of NASDAQ SLRC opened at $15.26 on Friday. The company has a market capitalization of $832.59 million, a P/E ratio of 10.90 and a beta of 1.11. SLR Investment Corp. has a 52-week low of $13.48 and a 52-week high of $15.86. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50 day moving average price is $15.13 and its 200-day moving average price is $15.05.

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

SLR Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.41 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.64 annualized dividend and a dividend yield of 10.75%. SLR Investment’s dividend payout ratio is currently 117.14%.

Insider Activity

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

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.