Thornburg Investment Management Inc. Has $70.66 Million Stock Holdings in SLR Investment Corp. (NASDAQ:SLRC)

Thornburg Investment Management Inc. increased its position in SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,372,550 shares of the financial services provider's stock after acquiring an additional 33,951 shares during the quarter. SLR Investment comprises about 0.9% of Thornburg Investment Management Inc.'s investment portfolio, making the stock its 26th biggest position. Thornburg Investment Management Inc. owned about 8.01% of SLR Investment worth $70,660,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SLRC. Tower Research Capital LLC TRC grew 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 worth $55,000 after purchasing an additional 3,203 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of SLR Investment during the fourth quarter worth approximately $58,000. Westend Capital Management LLC boosted its holdings in shares of SLR Investment by 71.3% in the 4th quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider's stock worth $120,000 after acquiring an additional 3,082 shares in the last quarter. XTX Topco Ltd bought a new stake in SLR Investment during the 4th quarter worth approximately $191,000. Finally, Wells Fargo & Company MN grew its position in 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 acquiring an additional 3,551 shares during the last quarter. 35.32% of the stock is currently owned by institutional investors.

SLR Investment Trading Up 0.3%

Shares of SLRC traded up $0.06 during trading hours on Friday, reaching $16.36. The stock had a trading volume of 33,361 shares, compared to its average volume of 185,148. 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 50-day moving average of $15.91 and a 200 day moving average of $16.43. SLR Investment Corp. has a 52 week low of $13.64 and a 52 week high of $17.94. The company has a market cap of $892.33 million, a P/E ratio of 9.24 and a beta of 0.75.

SLR Investment (NASDAQ:SLRC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. The business had revenue of $53.18 million for the quarter, compared to analysts' expectations of $53.43 million. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. On average, sell-side 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. Shareholders 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 yield of 10.03%. The ex-dividend date is Friday, June 13th. SLR Investment's dividend payout ratio (DPR) is currently 101.86%.

Analysts Set New Price Targets

SLRC has been the subject of several research analyst reports. Raymond James dropped their price objective on shares of SLR Investment from $18.00 to $17.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. LADENBURG THALM/SH SH raised SLR Investment from a "neutral" rating to a "buy" rating and set a $16.50 price objective for the company in a report on Monday, May 12th. Keefe, Bruyette & Woods boosted their price target on shares of SLR Investment from $16.00 to $17.00 and gave the stock a "market perform" rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price objective on shares of SLR Investment from $16.50 to $15.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. Finally, Compass Point upped 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, SLR Investment presently has a consensus rating of "Hold" and an average target price of $15.96.

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.