SLR Investment Corp. $SLRC Shares Sold by Ares Management LLC

Ares Management LLC decreased its holdings in SLR Investment Corp. (NASDAQ:SLRC) by 85.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,502 shares of the financial services provider’s stock after selling 805,629 shares during the quarter. SLR Investment makes up approximately 0.1% of Ares Management LLC’s holdings, making the stock its 28th largest holding. Ares Management LLC owned 0.25% of SLR Investment worth $2,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Advisors Asset Management Inc. boosted its position in shares of SLR Investment by 61.0% in the second quarter. Advisors Asset Management Inc. now owns 175,121 shares of the financial services provider’s stock worth $2,826,000 after acquiring an additional 66,342 shares during the last quarter. Muzinich & Co. Inc. increased its position in SLR Investment by 45.4% during the third quarter. Muzinich & Co. Inc. now owns 389,013 shares of the financial services provider’s stock worth $5,948,000 after purchasing an additional 121,432 shares during the last quarter. Wealthspire Advisors LLC purchased a new position in SLR Investment during the second quarter worth approximately $405,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of SLR Investment in the 2nd quarter valued at $326,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of SLR Investment by 58.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 59,519 shares of the financial services provider’s stock valued at $961,000 after purchasing an additional 21,870 shares during the last quarter. 35.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SLRC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods dropped their price objective on SLR Investment from $17.00 to $16.50 and set a “market perform” rating for the company in a report on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SLR Investment in a report on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on SLR Investment from $15.00 to $14.00 and set an “underweight” rating for the company in a research report on Friday. Raymond James Financial set a $16.00 price target on SLR Investment and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Finally, Compass Point upgraded SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price objective on the stock in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.50.

SLR Investment Stock Performance

Shares of SLRC stock opened at $13.83 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 1.04. The company’s fifty day simple moving average is $14.98 and its 200-day simple moving average is $15.32. SLR Investment Corp. has a 52 week low of $13.64 and a 52 week high of $17.26.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings results on Tuesday, February 24th. The financial services provider reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. SLR Investment had a net margin of 42.34% and a return on equity of 8.76%. The firm had revenue of $54.46 million during the quarter, compared to analysts’ expectations of $54.97 million. On average, equities research analysts expect that SLR Investment Corp. will post 1.76 earnings per share for the current year.

SLR Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a $0.41 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.64 annualized dividend and a dividend yield of 11.9%. SLR Investment’s dividend payout ratio is presently 96.47%.

SLR Investment Company Profile

SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.

SLR Investment Corp.