Hennion & Walsh Asset Management Inc. Acquires 41,773 Shares of SLR Investment Corp. (NASDAQ:SLRC)

Hennion & Walsh Asset Management Inc. boosted its stake in shares of SLR Investment Corp. (NASDAQ:SLRC) by 36.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,666 shares of the financial services provider’s stock after purchasing an additional 41,773 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 0.29% of SLR Investment worth $2,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of SLRC. Van ECK Associates Corp grew its holdings in shares of SLR Investment by 6.8% during the third quarter. Van ECK Associates Corp now owns 999,291 shares of the financial services provider’s stock valued at $15,369,000 after buying an additional 63,321 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in SLR Investment in the second quarter valued at approximately $786,000. International Assets Investment Management LLC increased its stake in shares of SLR Investment by 1,683.6% in the third quarter. International Assets Investment Management LLC now owns 38,543 shares of the financial services provider’s stock worth $580,000 after acquiring an additional 36,382 shares during the period. Raymond James & Associates raised its holdings in shares of SLR Investment by 11.5% during the third quarter. Raymond James & Associates now owns 251,495 shares of the financial services provider’s stock worth $3,785,000 after purchasing an additional 26,030 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in SLR Investment during the third quarter valued at $353,000. 35.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company increased their price target 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 issued a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.25.

SLR Investment Stock Performance

Shares of NASDAQ SLRC opened at $16.75 on Friday. The company has a market capitalization of $913.88 million, a PE ratio of 9.46 and a beta of 1.13. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. The company’s fifty day moving average price is $16.39 and its 200 day moving average price is $15.79. SLR Investment Corp. has a 1 year low of $14.41 and a 1 year high of $16.91.

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

SLR Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 9.79%. The ex-dividend date was Friday, December 13th. SLR Investment’s payout ratio is 92.66%.

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.