Talon Private Wealth LLC Acquires Shares of 35,338 SLR Investment Corp. (NASDAQ:SLRC)

Talon Private Wealth LLC purchased a new position in shares of SLR Investment Corp. (NASDAQ:SLRC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 35,338 shares of the financial services provider's stock, valued at approximately $571,000. Talon Private Wealth LLC owned 0.06% of SLR Investment at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of SLR Investment by 1,642.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,398 shares of the financial services provider's stock worth $55,000 after buying an additional 3,203 shares during the period. Westend Capital Management LLC boosted its holdings in SLR Investment by 71.3% during the 4th quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider's stock valued at $120,000 after acquiring an additional 3,082 shares during the period. XTX Topco Ltd acquired a new position in SLR Investment in the 4th quarter valued at about $191,000. Wells Fargo & Company MN increased its stake 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 worth $202,000 after purchasing an additional 3,551 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of SLR Investment by 11.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 14,090 shares of the financial services provider's stock valued at $228,000 after purchasing an additional 1,432 shares during the period. 35.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SLRC has been the topic of several recent research reports. 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 research note on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price objective on SLR Investment from $16.50 to $15.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company lowered their target price on SLR Investment from $13.00 to $12.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods boosted their price objective on SLR Investment from $16.00 to $17.00 and gave the stock a "market perform" rating in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $15.65.

SLR Investment Stock Up 2.2 %

NASDAQ SLRC traded up $0.34 during trading on Friday, reaching $15.65. 181,457 shares of the company's stock were exchanged, compared to its average volume of 163,853. The company has a 50 day moving average price of $16.25 and a two-hundred day moving average price of $16.36. The stock has a market cap of $853.86 million, a P/E ratio of 8.84 and a beta of 0.90. SLR Investment Corp. has a 1 year low of $13.64 and a 1 year high of $17.94. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06.

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

SLR Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.41 dividend. The ex-dividend date 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 (DPR) 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.