Hennion & Walsh Asset Management Inc. Increases Stock Position in SLR Investment Corp. (NASDAQ:SLRC)

Hennion & Walsh Asset Management Inc. raised its position in SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 42.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,340 shares of the financial services provider's stock after purchasing an additional 66,674 shares during the period. Hennion & Walsh Asset Management Inc. owned 0.41% of SLR Investment worth $3,749,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of SLR Investment by 1,642.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,398 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 3,203 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of SLR Investment in the fourth quarter worth approximately $58,000. XTX Topco Ltd purchased a new stake in SLR Investment in the fourth quarter valued at approximately $191,000. Wells Fargo & Company MN lifted its position in SLR Investment by 39.8% during the fourth quarter. Wells Fargo & Company MN now owns 12,480 shares of the financial services provider's stock valued at $202,000 after purchasing an additional 3,551 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in SLR Investment in the 4th quarter worth approximately $210,000. Institutional investors own 35.32% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SLRC. Wells Fargo & Company cut their price objective on SLR Investment from $13.00 to $12.00 and set an "underweight" rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods increased their price objective on SLR Investment from $16.00 to $17.00 and gave the stock a "market perform" rating in a report on Tuesday, March 4th. Compass Point lifted their price objective on SLR Investment from $16.50 to $17.25 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. LADENBURG THALM/SH SH upgraded SLR Investment from a "neutral" rating to a "buy" rating and set a $16.50 target price for the company in a report on Monday, May 12th. Finally, Raymond James cut their price target 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. 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.96.

SLR Investment Stock Up 0.2%

SLRC stock traded up $0.04 during midday trading on Thursday, hitting $16.76. The stock had a trading volume of 102,167 shares, compared to its average volume of 164,407. The business has a 50-day moving average of $15.83 and a two-hundred day moving average of $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 cap of $914.43 million, a price-to-earnings ratio of 9.47 and a beta of 0.75. SLR Investment Corp. has a 52-week low of $13.64 and a 52-week high of $17.94.

SLR Investment (NASDAQ:SLRC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.41 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 analysts' expectations of $53.43 million. As a group, equities research analysts forecast that SLR Investment Corp. will post 1.76 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.41 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.64 annualized dividend and a yield of 9.79%. SLR Investment's dividend payout ratio (DPR) 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.