Pullen Investment Management LLC Reduces Holdings in SLR Investment Corp. $SLRC

Pullen Investment Management LLC decreased its holdings in SLR Investment Corp. (NASDAQ:SLRC) by 13.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,973 shares of the financial services provider’s stock after selling 8,111 shares during the quarter. Pullen Investment Management LLC’s holdings in SLR Investment were worth $871,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of SLR Investment by 18.4% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 208,606 shares of the financial services provider’s stock worth $3,367,000 after buying an additional 32,393 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of SLR Investment by 2.2% in the second quarter. Chicago Partners Investment Group LLC now owns 29,927 shares of the financial services provider’s stock worth $495,000 after buying an additional 632 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of SLR Investment by 18.2% in the second quarter. Inspire Investing LLC now owns 24,070 shares of the financial services provider’s stock worth $388,000 after buying an additional 3,700 shares during the last quarter. Epiq Partners LLC boosted its holdings in shares of SLR Investment by 7.4% in the second quarter. Epiq Partners LLC now owns 351,960 shares of the financial services provider’s stock worth $5,681,000 after buying an additional 24,400 shares during the last quarter. Finally, Triumph Capital Management boosted its holdings in shares of SLR Investment by 3.6% in the second quarter. Triumph Capital Management now owns 38,242 shares of the financial services provider’s stock worth $617,000 after buying an additional 1,335 shares during the last quarter. Hedge funds and other institutional investors own 35.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SLRC. Wells Fargo & Company reaffirmed an “underweight” rating and set a $13.00 price target (up previously from $12.00) on shares of SLR Investment in a report on Tuesday, August 12th. Wall Street Zen downgraded shares of SLR Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. JPMorgan Chase & Co. lowered their price target on shares of SLR Investment from $16.00 to $15.00 and set an “underweight” rating on the stock in a report on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SLR Investment in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.11.

SLR Investment Trading Up 0.9%

SLR Investment 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 1 year low of $13.64 and a 1 year high of $17.94. The firm’s 50 day moving average price is $15.63 and its 200-day moving average price is $15.95.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). The company had revenue of $53.91 million for the quarter, compared to the consensus estimate of $53.38 million. SLR Investment had a net margin of 39.93% and a return on equity of 9.26%. As a group, equities research analysts anticipate that SLR Investment Corp. will post 1.76 earnings per share for the current 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 presently 101.23%.

Insider Activity

In related news, Director Andrea Colvin Roberts acquired 7,190 shares of SLR Investment 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 completion of the transaction, the director directly owned 7,190 shares in the company, valued at approximately $120,288.70. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.80% of the stock is currently owned by insiders.

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.