D. E. Shaw & Co. Inc. Has $363,000 Stock Holdings in SLR Investment Corp. (NASDAQ:SLRC)

D. E. Shaw & Co. Inc. boosted its stake in shares of SLR Investment Corp. (NASDAQ:SLRC) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,434 shares of the financial services provider’s stock after purchasing an additional 3,354 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in SLR Investment were worth $363,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its position in shares of SLR Investment by 1,642.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,398 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 3,203 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in SLR Investment during the 4th quarter worth approximately $58,000. XTX Topco Ltd acquired a new stake in SLR Investment during the 4th quarter worth approximately $191,000. Wells Fargo & Company MN raised its holdings in shares of SLR Investment by 39.8% in the fourth quarter. Wells Fargo & Company MN now owns 12,480 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 3,551 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of SLR Investment by 11.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 14,090 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 1,432 shares during the last quarter. 35.32% of the stock is currently owned by institutional investors and hedge funds.

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. LADENBURG THALM/SH SH raised shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price objective for the company in a research report on Monday, May 12th. Raymond James reduced their price objective on shares of SLR Investment from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. Keefe, Bruyette & Woods lifted their target price on SLR Investment from $16.00 to $17.00 and gave the stock a “market perform” rating in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. dropped their price target on SLR Investment from $16.50 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.96.

SLR Investment Stock Performance

Shares of SLRC stock opened at $16.42 on Tuesday. The business’s 50 day simple moving average is $15.88 and its 200 day simple moving average is $16.45. SLR Investment Corp. has a one year low of $13.64 and a one year high of $17.94. The stock has a market capitalization of $895.88 million, a PE ratio of 9.28 and a beta of 0.75. 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 issued its earnings results on Wednesday, May 7th. The financial services provider reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The company had revenue of $53.18 million for the quarter, compared to analyst estimates of $53.43 million. As a group, research analysts forecast that SLR Investment Corp. will post 1.76 earnings per share for the current year.

SLR Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 9.99%. The ex-dividend date of this dividend is Friday, June 13th. SLR Investment’s payout ratio is currently 101.86%.

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.