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

Hennion & Walsh Asset Management Inc. raised its stake in shares of SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 42.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,340 shares of the financial services provider's stock after buying 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 quarter.

Several other institutional investors also recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its stake in shares of SLR Investment by 1,642.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,398 shares of the financial services provider's stock worth $55,000 after purchasing an additional 3,203 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of SLR Investment during the fourth quarter worth approximately $58,000. XTX Topco Ltd acquired a new position in SLR Investment in the fourth quarter valued at approximately $191,000. Wells Fargo & Company MN lifted its holdings in SLR Investment by 39.8% in the fourth quarter. Wells Fargo & Company MN now owns 12,480 shares of the financial services provider's stock valued at $202,000 after buying an additional 3,551 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in SLR Investment in the fourth quarter worth $210,000. 35.32% of the stock is currently owned by institutional investors.

SLR Investment Trading Up 0.6%

Shares of NASDAQ SLRC traded up $0.10 during mid-day trading on Friday, hitting $16.86. The stock had a trading volume of 73,935 shares, compared to its average volume of 164,669. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. SLR Investment Corp. has a 1 year low of $13.64 and a 1 year high of $17.94. The business has a 50 day moving average price of $15.83 and a two-hundred day moving average price of $16.48. The firm has a market cap of $919.88 million, a P/E ratio of 9.53 and a beta of 0.74.

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

SLR Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 9.73%. The ex-dividend date is Friday, June 13th. SLR Investment's payout ratio is currently 101.86%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. LADENBURG THALM/SH SH raised 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. JPMorgan Chase & Co. dropped their target price on shares of SLR Investment from $16.50 to $15.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company reduced their target price on shares of SLR Investment from $13.00 to $12.00 and set an "underweight" rating on the stock in a report on Monday, April 28th. Compass Point boosted their price target on shares of SLR Investment from $16.50 to $17.25 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Finally, Raymond James dropped their target price on shares of SLR Investment from $18.00 to $17.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. 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 company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $15.96.

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.