Denali Advisors LLC Has $2 Million Holdings in SLR Investment Corp. (NASDAQ:SLRC)

Denali Advisors LLC decreased its stake in SLR Investment Corp. (NASDAQ:SLRC) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,496 shares of the financial services provider’s stock after selling 3,416 shares during the quarter. Denali Advisors LLC’s holdings in SLR Investment were worth $1,996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLRC. Chicago Partners Investment Group LLC grew its holdings in shares of SLR Investment by 2.1% in the 4th quarter. Chicago Partners Investment Group LLC now owns 30,884 shares of the financial services provider’s stock valued at $504,000 after buying an additional 627 shares during the period. Kelleher Financial Advisors lifted its holdings in SLR Investment by 8.6% during the fourth quarter. Kelleher Financial Advisors now owns 15,914 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 1,254 shares in the last quarter. Confluence Investment Management LLC grew its stake in SLR Investment by 0.8% in the third quarter. Confluence Investment Management LLC now owns 186,928 shares of the financial services provider’s stock valued at $2,813,000 after acquiring an additional 1,556 shares during the period. Flagship Harbor Advisors LLC increased its holdings in shares of SLR Investment by 12.7% in the fourth quarter. Flagship Harbor Advisors LLC now owns 16,100 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 1,820 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of SLR Investment by 15.0% during the third quarter. Jane Street Group LLC now owns 15,541 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 2,022 shares during the period. Institutional investors own 35.32% of the company’s stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company boosted their price objective on SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.25.

SLR Investment Price Performance

SLRC stock opened at $17.20 on Thursday. The stock has a 50-day moving average price of $16.76 and a two-hundred day moving average price of $16.05. SLR Investment Corp. has a 1 year low of $14.41 and a 1 year high of $17.85. The stock has a market cap of $938.43 million, a PE ratio of 9.72 and a beta of 1.14. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The business had revenue of $55.58 million during the quarter, compared to the consensus estimate of $57.08 million. Equities analysts forecast that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.

SLR Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.41 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.53%. SLR Investment’s dividend payout ratio (DPR) is presently 92.66%.

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.