Millennium Management LLC Sells 81,635 Shares of SLR Investment Corp. (NASDAQ:SLRC)

Millennium Management LLC lessened its position in shares of SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 75.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 26,769 shares of the financial services provider's stock after selling 81,635 shares during the quarter. Millennium Management LLC's holdings in SLR Investment were worth $433,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC raised its position 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 worth $55,000 after acquiring an additional 3,203 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in SLR Investment in the fourth quarter valued at 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 boosted its holdings in shares of SLR Investment by 39.8% during the 4th quarter. Wells Fargo & Company MN now owns 12,480 shares of the financial services provider's stock worth $202,000 after buying an additional 3,551 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of SLR Investment by 11.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 14,090 shares of the financial services provider's stock worth $228,000 after buying an additional 1,432 shares during the period. Institutional investors own 35.32% of the company's stock.

SLR Investment Stock Up 0.7%

Shares of SLRC stock traded up $0.11 during trading hours on Tuesday, reaching $17.01. The company had a trading volume of 97,718 shares, compared to its average volume of 164,395. SLR Investment Corp. has a 12 month low of $13.64 and a 12 month high of $17.94. 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 business has a fifty day simple moving average of $15.83 and a 200-day simple moving average of $16.49. The company has a market cap of $928.07 million, a price-to-earnings ratio of 9.61 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 EPS for the quarter, meeting analysts' consensus estimates of $0.41. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The business had revenue of $53.18 million during the quarter, compared to analyst estimates of $53.43 million. On average, research analysts expect that SLR Investment Corp. will post 1.76 earnings per share for the current fiscal year.

SLR Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.64%. The ex-dividend date is Friday, June 13th. SLR Investment's payout ratio is currently 101.86%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SLRC. Compass Point boosted their target price on shares of SLR Investment from $16.50 to $17.25 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. LADENBURG THALM/SH SH raised shares of SLR Investment from a "neutral" rating to a "buy" rating and set a $16.50 price target for the company in a research note on Monday, May 12th. 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 research report on Friday, May 9th. Keefe, Bruyette & Woods raised their target price on SLR Investment from $16.00 to $17.00 and gave the company a "market perform" rating in a research note on Tuesday, March 4th. Finally, B. Riley initiated coverage on SLR Investment in a research report on Tuesday, May 13th. They issued a "buy" rating and a $17.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, SLR Investment presently has an average rating of "Hold" and a consensus price target of $15.96.

SLR Investment Company Profile

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.