Aristotle Capital Boston LLC Reduces Stock Position in SLR Investment Corp. (NASDAQ:SLRC)

Aristotle Capital Boston LLC lowered its position in SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 5.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,312,575 shares of the financial services provider's stock after selling 77,065 shares during the period. Aristotle Capital Boston LLC owned 2.41% of SLR Investment worth $21,211,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its stake in shares of SLR Investment by 23.0% in the fourth quarter. Jane Street Group LLC now owns 19,112 shares of the financial services provider's stock worth $309,000 after buying an additional 3,571 shares in the last quarter. Talon Private Wealth LLC purchased a new position in SLR Investment in the 4th quarter worth approximately $571,000. Tudor Investment Corp ET AL boosted its holdings in shares of SLR Investment by 122.0% during the 4th quarter. Tudor Investment Corp ET AL now owns 24,797 shares of the financial services provider's stock worth $401,000 after purchasing an additional 13,629 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of SLR Investment during the 4th quarter worth approximately $248,000. Finally, Virtus ETF Advisers LLC increased its holdings in shares of SLR Investment by 1.1% in the fourth quarter. Virtus ETF Advisers LLC now owns 51,000 shares of the financial services provider's stock valued at $824,000 after purchasing an additional 574 shares during the last quarter. Institutional investors and hedge funds own 35.32% of the company's stock.

SLR Investment Trading Up 0.6 %

Shares of SLRC stock traded up $0.10 during trading hours on Thursday, hitting $15.55. The company had a trading volume of 92,184 shares, compared to its average volume of 163,723. SLR Investment Corp. has a fifty-two week low of $13.64 and a fifty-two week 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. The company's fifty day moving average is $16.13 and its 200 day moving average is $16.36. The stock has a market capitalization of $848.41 million, a PE ratio of 8.79 and a beta of 0.75.

SLR Investment (NASDAQ:SLRC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The firm had revenue of $53.18 million for the quarter, compared to analyst estimates of $53.43 million. Research analysts expect that SLR Investment Corp. will post 1.76 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.41 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.64 dividend on an annualized basis and a yield of 10.55%. SLR Investment's dividend payout ratio (DPR) is presently 93.71%.

Analyst Ratings Changes

Several analysts have issued reports on SLRC shares. JPMorgan Chase & Co. dropped their target price on SLR Investment from $16.50 to $15.00 and set an "underweight" rating for the company in a report on Thursday, April 24th. Keefe, Bruyette & Woods raised their price objective on shares of SLR Investment from $16.00 to $17.00 and gave the stock a "market perform" rating in a research report on Tuesday, March 4th. Wells Fargo & Company reduced their target price on shares of SLR Investment from $13.00 to $12.00 and set an "underweight" rating on the stock in a research note on Monday, April 28th. Finally, Compass Point raised their price target on shares of SLR Investment from $16.50 to $17.25 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $15.65.

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.