MQS Management LLC Reduces Stock Position in SLR Investment Corp. $SLRC

MQS Management LLC reduced its holdings in shares of SLR Investment Corp. (NASDAQ:SLRC) by 18.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,421 shares of the financial services provider’s stock after selling 6,390 shares during the quarter. MQS Management LLC’s holdings in SLR Investment were worth $443,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SLRC. AlphaCore Capital LLC purchased a new stake in shares of SLR Investment during the 1st quarter valued at approximately $1,031,000. NewEdge Advisors LLC lifted its stake in shares of SLR Investment by 159.1% during the 1st quarter. NewEdge Advisors LLC now owns 90,037 shares of the financial services provider’s stock valued at $1,518,000 after buying an additional 55,284 shares in the last quarter. Condor Capital Management lifted its stake in shares of SLR Investment by 14.8% during the 1st quarter. Condor Capital Management now owns 332,664 shares of the financial services provider’s stock valued at $5,609,000 after buying an additional 42,851 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of SLR Investment during the 1st quarter valued at approximately $637,000. Finally, Cetera Investment Advisers purchased a new stake in shares of SLR Investment during the 1st quarter valued at approximately $617,000. 35.32% of the stock is currently owned by hedge funds and other institutional investors.

SLR Investment Trading Up 0.9%

Shares of SLRC stock opened at $15.04 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.18. SLR Investment Corp. has a 52-week low of $13.64 and a 52-week high of $17.94. The business’s fifty day moving average is $15.63 and its 200 day moving average is $15.95.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). SLR Investment had a return on equity of 9.26% and a net margin of 39.93%.The business had revenue of $53.91 million during the quarter, compared to analysts’ expectations of $53.38 million. Equities research analysts forecast that SLR Investment Corp. will post 1.76 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.41 per share. The ex-dividend date was Friday, September 12th. This represents a $1.64 annualized dividend and a dividend yield of 10.9%. SLR Investment’s dividend payout ratio (DPR) is 101.23%.

Analyst Ratings Changes

A number of brokerages recently commented on SLRC. JPMorgan Chase & Co. dropped their price target on shares of SLR Investment from $16.00 to $15.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. Weiss Ratings restated a “buy (b-)” rating on shares of SLR Investment in a research note on Tuesday, October 14th. Wall Street Zen cut shares of SLR Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $13.00 price target (up from $12.00) on shares of SLR Investment in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.11.

Insider Buying and Selling at SLR Investment

In related news, Director Andrea Colvin Roberts acquired 7,190 shares of the stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average price of $16.73 per share, for a total transaction of $120,288.70. Following the transaction, the director owned 7,190 shares in the company, valued at $120,288.70. This represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 8.80% of the company’s stock.

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.