Advisors Asset Management Inc. Acquires 20,451 Shares of SLR Investment Corp. (NASDAQ:SLRC)

Advisors Asset Management Inc. raised its holdings in shares of SLR Investment Corp. (NASDAQ:SLRC) by 130.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,113 shares of the financial services provider’s stock after purchasing an additional 20,451 shares during the period. Advisors Asset Management Inc.’s holdings in SLR Investment were worth $544,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC bought a new position in SLR Investment during the 2nd quarter valued at approximately $35,000. EverSource Wealth Advisors LLC bought a new position in shares of SLR Investment in the 2nd quarter worth approximately $47,000. Creative Planning bought a new position in shares of SLR Investment in the 3rd quarter worth approximately $170,000. MQS Management LLC bought a new position in shares of SLR Investment in the 3rd quarter worth approximately $197,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of SLR Investment in the 2nd quarter worth approximately $210,000. Institutional investors own 35.32% of the company’s stock.

SLR Investment Stock Up 0.4 %

SLRC stock opened at $16.61 on Thursday. SLR Investment Corp. has a twelve month low of $14.41 and a twelve month high of $16.77. 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 market cap of $906.24 million, a PE ratio of 9.35 and a beta of 1.12. The business has a 50 day moving average of $15.47 and a 200 day moving average of $15.73.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The company had revenue of $59.77 million during the quarter, compared to analyst estimates of $58.48 million. During the same quarter last year, the company earned $0.42 EPS. On average, research analysts forecast that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.

SLR Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.41 per share. The ex-dividend date is Friday, December 13th. This represents a $1.64 annualized dividend and a yield of 9.87%. SLR Investment’s dividend payout ratio is 92.66%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company increased their target price on SLR Investment from $12.50 to $13.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, SLR Investment presently has a consensus rating of “Hold” and a consensus target price of $15.25.

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.