Mackenzie Financial Corp Has $195,000 Stock Position in SLR Investment Corp. (NASDAQ:SLRC)

Mackenzie Financial Corp lowered its holdings in shares of SLR Investment Corp. (NASDAQ:SLRC) by 64.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,000 shares of the financial services provider’s stock after selling 23,785 shares during the quarter. Mackenzie Financial Corp’s holdings in SLR Investment were worth $195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. All Season Financial Advisors Inc. raised its holdings in 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 valued at $398,000 after buying an additional 1,274 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of SLR Investment by 10.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 13,667 shares of the financial services provider’s stock valued at $210,000 after acquiring an additional 1,295 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in SLR Investment by 2.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 84,588 shares of the financial services provider’s stock worth $1,302,000 after purchasing an additional 2,320 shares during the last quarter. Samalin Investment Counsel LLC boosted its position in SLR Investment by 21.4% during the third quarter. Samalin Investment Counsel LLC now owns 15,017 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 2,652 shares during the period. Finally, GraniteShares Advisors LLC grew its holdings in SLR Investment by 4.0% during the third quarter. GraniteShares Advisors LLC now owns 103,848 shares of the financial services provider’s stock valued at $1,598,000 after purchasing an additional 3,982 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 related news, insider Michael S. Gross bought 46,700 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average cost of $15.44 per share, with a total value of $721,048.00. Following the acquisition, the insider now owns 3,735,524 shares in the company, valued at approximately $57,676,490.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Michael S. Gross acquired 22,636 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were purchased at an average cost of $15.74 per share, with a total value of $356,290.64. Following the completion of the purchase, the insider now owns 3,804,860 shares of the company’s stock, valued at $59,888,496.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael S. Gross bought 46,700 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average price of $15.44 per share, with a total value 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 disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 109,336 shares of company stock valued at $1,680,539. 8.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on SLRC shares. JPMorgan Chase & Co. decreased 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 boosted their price objective on SLR Investment from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.25.

SLR Investment Stock Up 0.1 %

SLRC stock opened at $15.54 on Tuesday. SLR Investment Corp. has a twelve month low of $13.48 and a twelve 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 company has a market cap of $847.86 million, a PE ratio of 11.10 and a beta of 1.11. The business’s 50-day simple moving average is $15.15 and its 200 day simple moving average is $15.05.

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

SLR Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 10.55%. The ex-dividend date was Wednesday, March 13th. SLR Investment’s dividend payout ratio is 117.14%.

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.