Squarepoint Ops LLC Invests $210,000 in SLR Investment Corp. (NASDAQ:SLRC)

Squarepoint Ops LLC acquired a new stake in SLR Investment Corp. (NASDAQ:SLRC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,996 shares of the financial services provider’s stock, valued at approximately $210,000.

A number of other hedge funds also recently modified their holdings of the business. Virtus ETF Advisers LLC increased its position in shares of SLR Investment by 1.1% during the fourth quarter. Virtus ETF Advisers LLC now owns 51,000 shares of the financial services provider’s stock worth $824,000 after buying an additional 574 shares during the period. Sei Investments Co. boosted 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 in the last quarter. Wedbush Securities Inc. grew its stake in shares of SLR Investment by 2.8% in the 4th quarter. Wedbush Securities Inc. now owns 42,983 shares of the financial services provider’s stock valued at $695,000 after buying an additional 1,170 shares during the period. Envestnet Asset Management Inc. boosted its holdings in 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 worth $228,000 after acquiring an additional 1,432 shares in the last quarter. Finally, Samalin Investment Counsel LLC grew its stake in SLR Investment by 6.0% in the fourth quarter. Samalin Investment Counsel LLC now owns 35,120 shares of the financial services provider’s stock valued at $568,000 after acquiring an additional 1,973 shares during the period. Institutional investors and hedge funds own 35.32% of the company’s stock.

Analyst Upgrades and Downgrades

SLRC has been the topic of several recent research reports. LADENBURG THALM/SH SH raised shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price target on the stock in a research report on Monday, May 12th. Raymond James decreased their price target on SLR Investment from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Friday, May 9th. JPMorgan Chase & Co. dropped their price objective on SLR Investment from $16.50 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company reduced their target price on shares of SLR Investment from $13.00 to $12.00 and set an “underweight” rating for the company in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods increased their target price on shares of SLR Investment from $16.00 to $17.00 and gave the company a “market perform” rating in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.96.

SLR Investment Trading Up 0.6%

Shares of SLRC stock opened at $16.86 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11. The firm has a market cap of $919.88 million, a P/E ratio of 9.53 and a beta of 0.74. The company has a 50 day moving average of $15.83 and a 200-day moving average of $16.49. SLR Investment Corp. has a 12-month low of $13.64 and a 12-month high of $17.94.

SLR Investment (NASDAQ:SLRC) last released its earnings results on Wednesday, May 7th. The financial services provider reported $0.41 earnings per share (EPS) 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 business had revenue of $53.18 million during the quarter, compared to the consensus estimate of $53.43 million. Sell-side analysts anticipate that SLR Investment Corp. will post 1.76 earnings per share for the current year.

SLR Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 9.73%. The ex-dividend date of this dividend is Friday, June 13th. SLR Investment’s dividend payout ratio (DPR) 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.