Bank of America Corp DE Has $2.12 Million Position in SLR Investment Corp. (NASDAQ:SLRC)

Bank of America Corp DE lowered its stake in SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 27.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,925 shares of the financial services provider's stock after selling 50,481 shares during the quarter. Bank of America Corp DE owned about 0.24% of SLR Investment worth $2,116,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in SLR Investment by 4.5% in the fourth quarter. Van ECK Associates Corp now owns 1,044,152 shares of the financial services provider's stock worth $16,874,000 after purchasing an additional 44,861 shares during the period. BNP Paribas Financial Markets acquired a new stake in SLR Investment in the fourth quarter worth about $58,000. Invesco Ltd. lifted its holdings in SLR Investment by 13.6% in 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 acquired a new stake in SLR Investment in the 4th quarter valued at about $1,902,000. Finally, Raymond James Financial Inc. acquired a new stake in SLR Investment in the 4th quarter valued at about $4,565,000. Institutional investors and hedge funds own 35.32% of the company's stock.

Analysts Set New Price Targets

SLRC has been the subject of a number of research analyst reports. Raymond James cut their price target on shares of 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. cut their price target on shares of SLR Investment from $16.50 to $15.00 and set an "underweight" rating for the company in a report on Thursday, April 24th. Compass Point upped their price target on shares of SLR Investment from $16.50 to $17.25 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Keefe, Bruyette & Woods upped their price target 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. Finally, B. Riley initiated 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. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $15.96.

SLR Investment Trading Up 0.6%

NASDAQ SLRC traded up $0.10 on Friday, hitting $16.86. 73,935 shares of the company were exchanged, compared to its average volume of 164,511. The company's 50 day moving average price is $15.83 and its 200-day moving average price is $16.48. 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 firm has a market capitalization of $919.88 million, a P/E ratio of 9.53 and a beta of 0.74. SLR Investment Corp. has a twelve month low of $13.64 and a twelve month high of $17.94.

SLR Investment (NASDAQ:SLRC - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $53.18 million for the quarter, compared to the consensus estimate of $53.43 million. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. Analysts predict that SLR Investment Corp. will post 1.76 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.73%. SLR Investment's dividend payout ratio is 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.