Epiq Partners LLC cut its holdings in SLR Investment Corp. (NASDAQ:SLRC – Free Report) by 17.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 349,772 shares of the financial services provider’s stock after selling 74,921 shares during the quarter. SLR Investment makes up approximately 1.8% of Epiq Partners LLC’s holdings, making the stock its 16th largest holding. Epiq Partners LLC owned about 0.64% of SLR Investment worth $4,327,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Ensign Peak Advisors Inc bought a new position in SLR Investment during the 4th quarter valued at approximately $5,411,000. Closed End Fund Advisors Inc. bought a new stake in shares of SLR Investment in the 4th quarter worth approximately $4,033,000. Millennium Management LLC purchased a new position in shares of SLR Investment during the third quarter valued at approximately $2,650,000. Muzinich & Co. Inc. raised its holdings in shares of SLR Investment by 37.4% during the fourth quarter. Muzinich & Co. Inc. now owns 534,336 shares of the financial services provider’s stock valued at $8,261,000 after acquiring an additional 145,323 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of SLR Investment by 22.4% during the third quarter. UBS Group AG now owns 500,023 shares of the financial services provider’s stock valued at $7,645,000 after acquiring an additional 91,622 shares in the last quarter. Hedge funds and other institutional investors own 35.32% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of SLR Investment from $13.50 to $12.00 and set an “underweight” rating on the stock in a report on Thursday, July 2nd. Wells Fargo & Company decreased their price objective on shares of SLR Investment from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, May 7th. Wall Street Zen cut shares of SLR Investment from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings lowered shares of SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Finally, Zacks Research cut shares of SLR Investment from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, SLR Investment presently has an average rating of “Reduce” and an average price target of $14.10.
SLR Investment Trading Up 1.4%
NASDAQ SLRC opened at $13.18 on Wednesday. The firm has a market capitalization of $719.10 million, a PE ratio of 8.04 and a beta of 0.64. The stock’s 50 day moving average is $12.80 and its 200 day moving average is $14.00. SLR Investment Corp. has a twelve month low of $12.13 and a twelve month high of $16.83. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.
SLR Investment (NASDAQ:SLRC – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. The business had revenue of $20.50 million during the quarter, compared to the consensus estimate of $48.82 million. SLR Investment had a return on equity of 8.33% and a net margin of 41.81%. Research analysts forecast that SLR Investment Corp. will post 1.32 earnings per share for the current fiscal year.
SLR Investment Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.4%. SLR Investment’s dividend payout ratio is currently 75.61%.
Insider Activity
In other SLR Investment news, insider Michael S. Gross purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average cost of $13.09 per share, for a total transaction of $130,900.00. Following the purchase, the insider directly owned 4,035,153 shares in the company, valued at $52,820,152.77. The trade was a 0.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.80% of the stock is currently owned by insiders.
About SLR Investment
SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.
SLR Investment Corp.
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