Van ECK Associates Corp Purchases 81,394 Shares of SLR Investment Corp. (NASDAQ:SLRC)

Van ECK Associates Corp grew its holdings in SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 10.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 849,876 shares of the financial services provider's stock after acquiring an additional 81,394 shares during the quarter. Van ECK Associates Corp owned 1.56% of SLR Investment worth $12,774,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its position in SLR Investment by 10.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 13,667 shares of the financial services provider's stock worth $210,000 after purchasing an additional 1,295 shares during the period. Sunbelt Securities Inc. lifted its position in SLR Investment by 2.8% in the third quarter. Sunbelt Securities Inc. now owns 84,588 shares of the financial services provider's stock worth $1,302,000 after purchasing an additional 2,320 shares during the period. Samalin Investment Counsel LLC lifted its position in SLR Investment by 21.4% in the third quarter. Samalin Investment Counsel LLC now owns 15,017 shares of the financial services provider's stock worth $231,000 after purchasing an additional 2,652 shares during the period. GraniteShares Advisors LLC lifted its position in SLR Investment by 4.0% in the third quarter. GraniteShares Advisors LLC now owns 103,848 shares of the financial services provider's stock worth $1,598,000 after purchasing an additional 3,982 shares during the period. Finally, SG Americas Securities LLC bought a new position in SLR Investment in the third quarter worth $143,000. 35.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SLRC has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on SLR Investment from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Thursday, February 29th. B. Riley lifted their price objective on SLR Investment from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $14.25.

Insiders Place Their Bets

In other SLR Investment news, insider Michael S. Gross acquired 40,000 shares of the business's stock in a transaction dated Monday, March 4th. The shares were acquired at an average price of $15.08 per share, for a total transaction of $603,200.00. Following the acquisition, the insider now directly owns 3,642,124 shares of the company's stock, valued at approximately $54,923,229.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Michael S. Gross bought 40,000 shares of the business's stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $15.08 per share, for a total transaction of $603,200.00. Following the purchase, the insider now owns 3,642,124 shares of the company's stock, valued at approximately $54,923,229.92. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael S. Gross bought 22,636 shares of the business's stock in a transaction on Friday, March 8th. The stock was purchased at an average price of $15.74 per share, for a total transaction of $356,290.64. Following the purchase, the insider now directly owns 3,804,860 shares in the company, valued at approximately $59,888,496.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 109,336 shares of company stock worth $1,680,539. Insiders own 8.20% of the company's stock.

SLR Investment Trading Down 0.2 %

SLRC stock traded down $0.03 during midday trading on Friday, reaching $15.43. The stock had a trading volume of 96,840 shares, compared to its average volume of 184,653. The business has a fifty day simple moving average of $15.19 and a two-hundred day simple moving average of $15.07. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.19. The firm has a market cap of $841.78 million, a price-to-earnings ratio of 11.04 and a beta of 1.10. SLR Investment Corp. has a twelve month low of $13.48 and a twelve month high of $15.86.

SLR Investment (NASDAQ:SLRC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. SLR Investment had a return on equity of 9.36% and a net margin of 33.31%. The firm had revenue of $59.79 million during the quarter, compared to analyst estimates of $59.00 million. As a group, research analysts expect that SLR Investment Corp. will post 1.73 EPS for the current fiscal year.

SLR Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 10.63%. The ex-dividend date was Wednesday, March 13th. SLR Investment's dividend payout ratio (DPR) is currently 117.14%.

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.