BNP Paribas Financial Markets Purchases Shares of 3,580 SLR Investment Corp. (NASDAQ:SLRC)

BNP Paribas Financial Markets bought a new position in shares of SLR Investment Corp. (NASDAQ:SLRC) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,580 shares of the financial services provider’s stock, valued at approximately $58,000.

Several other large investors have also made changes to their positions in the business. Virtus ETF Advisers LLC increased its stake in shares of SLR Investment by 1.1% in the 4th quarter. Virtus ETF Advisers LLC now owns 51,000 shares of the financial services provider’s stock worth $824,000 after acquiring an additional 574 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of SLR Investment by 2.1% during the 4th quarter. Chicago Partners Investment Group LLC now owns 30,884 shares of the financial services provider’s stock worth $504,000 after purchasing an additional 627 shares during the last quarter. Sei Investments Co. increased its position in shares of SLR Investment by 0.4% during the 4th quarter. Sei Investments Co. now owns 260,443 shares of the financial services provider’s stock worth $4,209,000 after purchasing an additional 1,059 shares during the last quarter. Wedbush Securities Inc. boosted its holdings in SLR Investment by 2.8% during the 4th quarter. Wedbush Securities Inc. now owns 42,983 shares of the financial services provider’s stock valued at $695,000 after acquiring an additional 1,170 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in SLR Investment by 11.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 14,090 shares of the financial services provider’s stock valued at $228,000 after acquiring an additional 1,432 shares during the period. 35.32% of the stock is owned by institutional investors and hedge funds.

SLR Investment Price Performance

SLRC opened at $16.62 on Tuesday. The stock has a market cap of $906.79 million, a price-to-earnings ratio of 9.39 and a beta of 0.75. SLR Investment Corp. has a 1 year low of $13.64 and a 1 year high of $17.94. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. The stock has a fifty day moving average price of $15.85 and a 200 day moving average price of $16.47.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $53.18 million for the quarter, compared to analyst estimates of $53.43 million. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. Analysts forecast that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.

SLR Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.64 annualized dividend and a yield of 9.87%. SLR Investment’s dividend payout ratio is 101.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SLRC shares. Compass Point increased their price target on SLR Investment from $16.50 to $17.25 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Wells Fargo & Company lowered their target price on SLR Investment from $13.00 to $12.00 and set an “underweight” rating on the stock in a research note on Monday, April 28th. Raymond James decreased their price target on SLR Investment from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Friday, May 9th. Keefe, Bruyette & Woods boosted their target price on SLR Investment from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. reduced their price objective on SLR Investment from $16.50 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SLR Investment has a consensus rating of “Hold” and a consensus target price of $15.96.

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.