SLR Investment Corp. (NASDAQ:SLRC) Short Interest Update

SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 246,300 shares, a decrease of 28.7% from the March 31st total of 345,400 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 205,600 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On SLR Investment

A number of hedge funds and other institutional investors have recently 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 valued at $55,000 after purchasing an additional 3,203 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of SLR Investment in the fourth quarter worth about $58,000. Westend Capital Management LLC raised its holdings in 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 purchasing an additional 3,082 shares during the period. XTX Topco Ltd purchased a new position in shares of SLR Investment during the 4th quarter valued at approximately $191,000. Finally, Wells Fargo & Company MN lifted its holdings in SLR Investment by 39.8% during the fourth quarter. Wells Fargo & Company MN now owns 12,480 shares of the financial services provider's stock valued at $202,000 after purchasing an additional 3,551 shares in the last quarter. Hedge funds and other institutional investors own 35.32% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on SLRC shares. Keefe, Bruyette & Woods lifted 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. Wells Fargo & Company lowered their target price on shares of SLR Investment from $13.00 to $12.00 and set an "underweight" rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. dropped their price target on SLR Investment from $16.50 to $15.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. Finally, Compass Point increased their price target on shares of SLR Investment from $16.50 to $17.25 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $15.65.

SLR Investment Trading Up 2.2 %

Shares of NASDAQ:SLRC traded up $0.34 during trading on Friday, reaching $15.65. 181,457 shares of the company were exchanged, compared to its average volume of 163,853. The business's fifty day simple moving average is $16.25 and its 200-day simple moving average is $16.36. The firm has a market capitalization of $853.86 million, a PE ratio of 8.84 and a beta of 0.90. SLR Investment 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.

SLR Investment (NASDAQ:SLRC - Get Free Report) last posted its earnings results on Tuesday, February 25th. The financial services provider reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The business had revenue of $55.58 million for the quarter, compared to the consensus estimate of $57.08 million. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. On average, research analysts anticipate that SLR Investment will post 1.76 EPS for the current year.

SLR Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.41 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.64 dividend on an annualized basis and a yield of 10.48%. SLR Investment's dividend payout ratio is presently 93.71%.

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.