Bank of America Corp DE Lowers Holdings in SLR Investment Corp. (NASDAQ:SLRC)

Bank of America Corp DE decreased its position in shares of SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 27.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,925 shares of the financial services provider's stock after selling 50,481 shares during the period. Bank of America Corp DE owned approximately 0.24% of SLR Investment worth $2,116,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SLRC. Van ECK Associates Corp grew its holdings in SLR Investment by 4.5% during the 4th quarter. Van ECK Associates Corp now owns 1,044,152 shares of the financial services provider's stock valued at $16,874,000 after buying an additional 44,861 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of SLR Investment during the 4th quarter valued at approximately $58,000. Invesco Ltd. boosted its position in shares of SLR Investment by 13.6% during the 4th quarter. Invesco Ltd. now owns 43,171 shares of the financial services provider's stock valued at $698,000 after acquiring an additional 5,167 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of SLR Investment in the fourth quarter valued at $1,902,000. Finally, Raymond James Financial Inc. bought a new stake in SLR Investment in the fourth quarter worth $4,565,000. 35.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. LADENBURG THALM/SH SH upgraded shares of SLR Investment from a "neutral" rating to a "buy" rating and set a $16.50 price objective for the company in a research report on Monday, May 12th. B. Riley began coverage on shares of SLR Investment in a report on Tuesday, May 13th. They issued a "buy" rating and a $17.00 price target for the company. Compass Point boosted their price objective on SLR Investment from $16.50 to $17.25 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. JPMorgan Chase & Co. lowered their price objective on SLR Investment from $16.50 to $15.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods boosted their target price on SLR Investment from $16.00 to $17.00 and gave the company a "market perform" rating in a research report on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $15.96.

SLR Investment Trading Up 0.1%

Shares of SLRC traded up $0.03 during mid-day trading on Thursday, reaching $16.75. 69,264 shares of the company's stock traded hands, compared to its average volume of 179,147. 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 stock's 50-day moving average is $15.83 and its two-hundred day moving average is $16.48. SLR Investment Corp. has a 12 month low of $13.64 and a 12 month high of $17.94. The stock has a market cap of $913.61 million, a P/E ratio of 9.46 and a beta of 0.75.

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

SLR Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.64 dividend on an annualized basis and a yield of 9.79%. SLR Investment's payout ratio is 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.