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

Millennium Management LLC decreased its position in SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 75.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 26,769 shares of the financial services provider's stock after selling 81,635 shares during the period. Millennium Management LLC's holdings in SLR Investment were worth $433,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SLRC. Raymond James Financial Inc. bought a new position in SLR Investment in the 4th quarter worth $4,565,000. Strategic Financial Concepts LLC acquired a new position in shares of SLR Investment during the fourth quarter worth approximately $1,902,000. Trexquant Investment LP grew its stake in shares of SLR Investment by 75.5% in the fourth quarter. Trexquant Investment LP now owns 176,331 shares of the financial services provider's stock worth $2,850,000 after acquiring an additional 75,879 shares during the last quarter. Van ECK Associates Corp raised its stake in 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. Finally, Talon Private Wealth LLC acquired a new stake in SLR Investment in the 4th quarter worth $571,000. 35.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. LADENBURG THALM/SH SH raised SLR Investment from a "neutral" rating to a "buy" rating and set a $16.50 target price for the company in a research report on Monday, May 12th. Wells Fargo & Company lowered their price target on SLR Investment from $13.00 to $12.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th. Compass Point upped their target price on shares of SLR Investment from $16.50 to $17.25 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Raymond James reduced their price target 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. Finally, 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 note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, SLR Investment presently has a consensus rating of "Hold" and an average price target of $15.96.

SLR Investment Stock Performance

Shares of NASDAQ:SLRC traded down $0.59 on Friday, reaching $16.31. 158,118 shares of the company's stock were exchanged, compared to its average volume of 164,402. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $889.87 million, a price-to-earnings ratio of 9.21 and a beta of 0.74. The company has a fifty day moving average of $15.92 and a 200-day moving average of $16.50. SLR Investment Corp. has a twelve month low of $13.64 and a twelve month 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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $53.18 million for the quarter, compared to analyst estimates of $53.43 million. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. On average, research analysts predict that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.

SLR Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.64 dividend on an annualized basis and a yield of 10.06%. SLR Investment's payout ratio is currently 101.86%.

SLR Investment 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.