Two Sigma Advisers LP Increases Stock Position in SLR Investment Corp. (NASDAQ:SLRC)

Two Sigma Advisers LP grew its holdings in shares of SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 382,076 shares of the financial services provider's stock after buying an additional 36,100 shares during the quarter. Two Sigma Advisers LP owned 0.70% of SLR Investment worth $6,174,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SLRC. Virtus ETF Advisers LLC raised its holdings in shares of SLR Investment by 1.1% in the fourth quarter. Virtus ETF Advisers LLC now owns 51,000 shares of the financial services provider's stock valued at $824,000 after acquiring an additional 574 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of SLR Investment by 2.1% in the 4th quarter. Chicago Partners Investment Group LLC now owns 30,884 shares of the financial services provider's stock valued at $504,000 after buying an additional 627 shares in the last quarter. Sei Investments Co. grew its position in shares of SLR Investment by 0.4% in the 4th quarter. Sei Investments Co. now owns 260,443 shares of the financial services provider's stock worth $4,209,000 after buying an additional 1,059 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of SLR Investment by 2.8% during the 4th quarter. Wedbush Securities Inc. now owns 42,983 shares of the financial services provider's stock worth $695,000 after acquiring an additional 1,170 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake 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 acquiring an additional 1,432 shares in the last quarter. 35.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

SLR Investment Price Performance

SLRC remained flat at $16.74 on Friday. The company's stock had a trading volume of 13,548 shares, compared to its average volume of 164,274. The stock's 50-day moving average is $15.86 and its 200 day moving average is $16.46. SLR Investment Corp. has a 12-month low of $13.64 and a 12-month high of $17.94. The firm has a market cap of $913.33 million, a PE ratio of 9.46 and a beta of 0.75. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06.

SLR Investment (NASDAQ:SLRC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.41 earnings per share 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 company had revenue of $53.18 million for the quarter, compared to analyst estimates of $53.43 million. On average, research analysts anticipate that SLR Investment Corp. will post 1.76 EPS for the current year.

SLR Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $0.41 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.80%. SLR Investment's dividend payout ratio 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.