16,938 Shares in SLR Investment Corp. (NASDAQ:SLRC) Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC purchased a new stake in SLR Investment Corp. (NASDAQ:SLRC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,938 shares of the financial services provider's stock, valued at approximately $286,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Virtus ETF Advisers LLC raised 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 buying an additional 574 shares during the last quarter. Westend Capital Management LLC raised its holdings in shares of SLR Investment by 9.4% in the first quarter. Westend Capital Management LLC now owns 8,099 shares of the financial services provider's stock valued at $137,000 after buying an additional 693 shares during the last quarter. Sei Investments Co. raised its holdings in shares of SLR Investment by 0.4% in the fourth quarter. Sei Investments Co. now owns 260,443 shares of the financial services provider's stock valued at $4,209,000 after buying an additional 1,059 shares during the last quarter. Wedbush Securities Inc. raised its holdings in shares of SLR Investment by 2.8% in the fourth 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 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 buying an additional 1,432 shares during the last quarter. 35.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Raymond James Financial dropped their price target on shares of SLR Investment from $18.00 to $17.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. JPMorgan Chase & Co. dropped their price target on shares of SLR Investment from $16.50 to $15.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. LADENBURG THALM/SH SH upgraded 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 note on Monday, May 12th. B. Riley assumed coverage on shares of SLR Investment in a research note on Tuesday, May 13th. They set a "buy" rating and a $17.00 price target on the stock. Finally, Wells Fargo & Company dropped their price target 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $15.96.

SLR Investment Stock Down 1.1%

SLRC traded down $0.19 on Thursday, hitting $16.36. 118,698 shares of the company were exchanged, compared to its average volume of 189,278. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.05. The business's fifty day moving average is $16.44 and its 200 day moving average is $16.46. SLR Investment Corp. has a fifty-two week low of $13.64 and a fifty-two week high of $17.94.

SLR Investment (NASDAQ:SLRC - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. The company had revenue of $53.18 million for the quarter, compared to analyst estimates of $53.43 million. SLR Investment had a net margin of 38.60% and a return on equity of 9.53%. Equities analysts forecast that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.

SLR Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a $0.41 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.64 annualized dividend and a dividend yield of 10.02%. SLR Investment's dividend payout ratio is presently 101.86%.

About SLR Investment

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.