LPL Financial LLC Has $792,000 Stock Position in SLR Investment Corp. (NASDAQ:SLRC)

LPL Financial LLC grew its holdings in SLR Investment Corp. (NASDAQ:SLRC) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,991 shares of the financial services provider’s stock after purchasing an additional 6,216 shares during the period. LPL Financial LLC owned about 0.09% of SLR Investment worth $792,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in SLR Investment by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,336,411 shares of the financial services provider’s stock valued at $20,113,000 after buying an additional 4,510 shares during the last quarter. Van ECK Associates Corp raised its holdings in SLR Investment by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 1,044,152 shares of the financial services provider’s stock worth $16,874,000 after acquiring an additional 44,861 shares in the last quarter. Raymond James Financial Inc. acquired a new position in SLR Investment during the fourth quarter valued at approximately $4,565,000. Sei Investments Co. grew its stake in SLR Investment by 0.4% in the fourth quarter. Sei Investments Co. now owns 260,443 shares of the financial services provider’s stock valued at $4,209,000 after purchasing an additional 1,059 shares in the last quarter. Finally, Empirical Asset Management LLC acquired a new position in shares of SLR Investment during the 4th quarter worth approximately $3,895,000. Institutional investors own 35.32% of the company’s stock.

SLR Investment Trading Down 2.5 %

SLRC stock opened at $15.11 on Tuesday. The stock has a market cap of $824.40 million, a price-to-earnings ratio of 8.54 and a beta of 0.90. The company has a fifty day moving average price of $16.62 and a two-hundred day moving average price of $16.34. SLR Investment Corp. has a one year low of $13.64 and a one year high of $17.94. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $55.58 million for the quarter, compared to analyst estimates of $57.08 million. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. Equities analysts anticipate that SLR Investment Corp. will post 1.76 EPS for the current year.

SLR Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.64 annualized dividend and a yield of 10.85%. SLR Investment’s payout ratio is currently 93.71%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Compass Point raised their target price on shares of SLR Investment from $16.50 to $17.25 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Keefe, Bruyette & Woods lifted their price objective on shares of SLR Investment from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Tuesday, March 4th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.85.

SLR Investment 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.