Epiq Partners LLC increased its holdings in shares of SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 405.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 327,560 shares of the financial services provider's stock after purchasing an additional 262,800 shares during the period. SLR Investment makes up about 2.9% of Epiq Partners LLC's holdings, making the stock its 12th biggest position. Epiq Partners LLC owned 0.60% of SLR Investment worth $5,523,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in SLR Investment during the fourth quarter worth about $4,565,000. Strategic Financial Concepts LLC bought a new stake in shares of SLR Investment during the 4th quarter valued at about $1,902,000. Trexquant Investment LP raised its position in shares of SLR Investment by 75.5% during the 4th quarter. Trexquant Investment LP now owns 176,331 shares of the financial services provider's stock valued at $2,850,000 after buying an additional 75,879 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of SLR Investment by 42.8% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 222,340 shares of the financial services provider's stock valued at $3,749,000 after buying an additional 66,674 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of 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 purchasing an additional 44,861 shares during the last quarter. 35.32% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently issued reports on SLRC shares. Wells Fargo & Company cut their target price on SLR Investment from $13.00 to $12.00 and set an "underweight" rating on the stock in a research note on Monday, April 28th. Raymond James cut their price objective on shares of SLR Investment from $18.00 to $17.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Keefe, Bruyette & Woods increased their price objective on shares of SLR Investment from $16.00 to $17.00 and gave the company a "market perform" rating in a research report on Tuesday, March 4th. B. Riley assumed coverage on SLR Investment in a research report on Tuesday, May 13th. They set a "buy" rating and a $17.00 price objective on the stock. Finally, LADENBURG THALM/SH SH raised SLR Investment from a "neutral" rating to a "buy" rating and set a $16.50 target price on the stock in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SLR Investment presently has an average rating of "Hold" and an average price target of $15.96.
Read Our Latest Research Report on SLRC
SLR Investment Stock Performance
Shares of NASDAQ:SLRC traded up $0.11 during midday trading on Tuesday, reaching $17.01. The company's stock had a trading volume of 97,718 shares, compared to its average volume of 164,585. SLR Investment Corp. has a twelve month low of $13.64 and a twelve month high of $17.94. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $928.07 million, a PE ratio of 9.61 and a beta of 0.74. The stock has a fifty day moving average of $15.84 and a 200 day moving average of $16.49.
SLR Investment (NASDAQ:SLRC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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. On average, equities analysts expect that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.
SLR Investment Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 9.64%. The ex-dividend date is Friday, June 13th. SLR Investment's dividend payout ratio (DPR) is 101.86%.
SLR Investment Company Profile
(
Free Report)
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.
Read More
Before you consider SLR Investment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SLR Investment wasn't on the list.
While SLR Investment currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
