Thornburg Investment Management Inc. boosted its holdings in SLR Investment Corp. (NASDAQ:SLRC – Free Report) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,708,772 shares of the financial services provider’s stock after acquiring an additional 75,341 shares during the quarter. Thornburg Investment Management Inc. owned 8.63% of SLR Investment worth $58,248,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its holdings in shares of SLR Investment by 173.3% during the first quarter. Acadian Asset Management LLC now owns 16,702 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 10,591 shares in the last quarter. Cetera Investment Advisers increased its holdings in SLR Investment by 11.7% in the 2nd quarter. Cetera Investment Advisers now owns 40,901 shares of the financial services provider’s stock worth $660,000 after buying an additional 4,295 shares in the last quarter. Quantbot Technologies LP purchased a new position in SLR Investment in the 2nd quarter worth about $190,000. Invesco Ltd. lifted its stake in SLR Investment by 18.0% during the 2nd quarter. Invesco Ltd. now owns 42,469 shares of the financial services provider’s stock valued at $685,000 after acquiring an additional 6,464 shares during the period. Finally, Jump Financial LLC bought a new position in SLR Investment during the 2nd quarter valued at about $782,000. 35.32% of the stock is currently owned by hedge funds and other institutional investors.
SLR Investment Price Performance
Shares of SLRC stock opened at $12.52 on Friday. The firm has a market capitalization of $683.09 million, a P/E ratio of 9.27 and a beta of 0.64. SLR Investment Corp. has a 52-week low of $12.13 and a 52-week high of $16.83. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50 day moving average price of $12.76 and a 200 day moving average price of $13.71.
SLR Investment Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 9.9%. The ex-dividend date is Friday, September 11th. SLR Investment’s payout ratio is 91.85%.
Analyst Ratings Changes
SLRC has been the subject of several research reports. Wall Street Zen cut shares of SLR Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Wells Fargo & Company cut their target price on shares of SLR Investment from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Thursday, May 7th. Weiss Ratings cut SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Zacks Research upgraded SLR Investment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, B. Riley Financial cut shares of SLR Investment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.10.
View Our Latest Report on SLRC
SLR Investment Profile
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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