SLR Investment Corp. (NASDAQ:SLRC) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. decreased its holdings in SLR Investment Corp. (NASDAQ:SLRC) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,118 shares of the financial services provider’s stock after selling 1,876 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in SLR Investment were worth $693,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in SLR Investment during the 3rd quarter worth approximately $143,000. Campbell & CO Investment Adviser LLC bought a new position in SLR Investment during the 3rd quarter valued at $193,000. Raymond James Financial Services Advisors Inc. grew its holdings in SLR Investment by 10.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 13,667 shares of the financial services provider’s stock worth $210,000 after acquiring an additional 1,295 shares in the last quarter. Samalin Investment Counsel LLC increased its position 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 worth $231,000 after purchasing an additional 2,652 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of SLR Investment by 1,693.5% in the 4th quarter. International Assets Investment Management LLC now owns 32,480 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 30,669 shares in the last quarter. Hedge funds and other institutional investors own 35.32% of the company’s stock.

Insiders Place Their Bets

In other news, insider Michael S. Gross acquired 40,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of $15.08 per share, with a total value of $603,200.00. Following the acquisition, the insider now directly owns 3,642,124 shares in the company, valued at $54,923,229.92. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other SLR Investment news, insider Michael S. Gross purchased 22,636 shares of SLR Investment stock in a transaction on Friday, March 8th. The stock was bought at an average price of $15.74 per share, for a total transaction of $356,290.64. Following the transaction, the insider now owns 3,804,860 shares of the company’s stock, valued at approximately $59,888,496.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael S. Gross purchased 40,000 shares of the stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $15.08 per share, for a total transaction of $603,200.00. Following the completion of the acquisition, the insider now directly owns 3,642,124 shares of the company’s stock, valued at approximately $54,923,229.92. The disclosure for this purchase can be found here. Insiders have acquired 109,336 shares of company stock valued at $1,680,539 over the last quarter. Insiders own 8.20% of the company’s stock.

SLR Investment Stock Performance

Shares of SLRC stock opened at $15.43 on Friday. 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 simple moving average is $15.20 and its 200-day simple moving average is $15.07. SLR Investment Corp. has a one year low of $13.48 and a one year high of $15.86. The stock has a market capitalization of $841.86 million, a price-to-earnings ratio of 11.02 and a beta of 1.10.

SLR Investment (NASDAQ:SLRC) last issued its 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. SLR Investment had a net margin of 33.31% and a return on equity of 9.36%. The firm had revenue of $59.79 million for the quarter, compared to analysts’ expectations of $59.00 million. Equities analysts anticipate that SLR Investment Corp. will post 1.73 earnings per share for the current fiscal year.

SLR Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.41 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.64 dividend on an annualized basis and a yield of 10.63%. SLR Investment’s dividend payout ratio is currently 117.14%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SLRC. B. Riley increased their price target 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. reduced their price target 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.25.

About SLR Investment

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.