BlackRock Inc. Acquires New Holdings in SLR Investment Corp. $SLRC

BlackRock Inc. bought a new position in shares of SLR Investment Corp. (NASDAQ:SLRC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 203,141 shares of the financial services provider's stock, valued at approximately $2,513,000. BlackRock Inc. owned 0.37% of SLR Investment as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in SLR Investment by 1.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,357,679 shares of the financial services provider's stock worth $20,990,000 after purchasing an additional 15,264 shares in the last quarter. UBS Group AG raised its position in SLR Investment by 15.5% in the 4th quarter. UBS Group AG now owns 577,728 shares of the financial services provider's stock valued at $8,932,000 after buying an additional 77,705 shares during the last quarter. Franklin Resources Inc. lifted its stake in SLR Investment by 8.0% in the 4th quarter. Franklin Resources Inc. now owns 449,290 shares of the financial services provider's stock valued at $6,946,000 after acquiring an additional 33,185 shares in the last quarter. Two Sigma Investments LP lifted its stake in SLR Investment by 25.4% in the 3rd quarter. Two Sigma Investments LP now owns 380,119 shares of the financial services provider's stock valued at $5,812,000 after acquiring an additional 76,931 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in SLR Investment by 18.5% during the 4th quarter. Legal & General Group Plc now owns 379,906 shares of the financial services provider's stock worth $5,873,000 after acquiring an additional 59,194 shares during the last quarter. Institutional investors and hedge funds own 35.32% of the company's stock.

SLR Investment Stock Performance

Shares of SLRC stock opened at $12.57 on Friday. The stock has a market cap of $685.82 million, a P/E ratio of 9.31 and a beta of 0.64. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 1.09. The company has a fifty day moving average price of $12.79 and a two-hundred day moving average price of $13.63. SLR Investment Corp. has a one year low of $12.13 and a one year high of $16.83.

SLR Investment (NASDAQ:SLRC - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. SLR Investment had a net margin of 35.20% and a return on equity of 7.96%. The company had revenue of $20.50 million for the quarter, compared to analyst estimates of $48.82 million. As a group, equities analysts predict that SLR Investment Corp. will post 1.31 EPS for the current year.

SLR Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.31 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.24 annualized dividend and a yield of 9.9%. SLR Investment's dividend payout ratio is currently 91.85%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SLRC shares. Zacks Research raised shares of SLR Investment from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 11th. Weiss Ratings lowered shares of SLR Investment from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, July 28th. B. Riley Financial cut shares of SLR Investment from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. decreased their target price on shares of SLR Investment from $13.50 to $12.00 and set an "underweight" rating for the company in a research report on Thursday, July 2nd. Finally, Wall Street Zen lowered shares of SLR Investment from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $14.10.

SLR Investment 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.

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