SLR Investment Corp. (NASDAQ:SLRC) Shares Acquired by Muzinich & Co. Inc.

Muzinich & Co. Inc. increased its holdings in shares of SLR Investment Corp. (NASDAQ:SLRC) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,124 shares of the financial services provider’s stock after acquiring an additional 5,280 shares during the quarter. SLR Investment comprises 1.5% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 19th biggest position. Muzinich & Co. Inc.’s holdings in SLR Investment were worth $2,184,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. MQS Management LLC acquired a new position in shares of SLR Investment during the 3rd quarter worth approximately $197,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in SLR Investment by 3.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 143,242 shares of the financial services provider’s stock worth $2,156,000 after buying an additional 5,280 shares during the last quarter. Confluence Investment Management LLC grew its holdings in SLR Investment by 0.8% in the 3rd quarter. Confluence Investment Management LLC now owns 186,928 shares of the financial services provider’s stock valued at $2,813,000 after buying an additional 1,556 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of SLR Investment by 6.8% in the 3rd quarter. Van ECK Associates Corp now owns 999,291 shares of the financial services provider’s stock worth $15,369,000 after acquiring an additional 63,321 shares during the last quarter. Finally, Pullen Investment Management LLC raised its holdings in shares of SLR Investment by 10.6% during the 3rd quarter. Pullen Investment Management LLC now owns 61,264 shares of the financial services provider’s stock worth $922,000 after acquiring an additional 5,893 shares during the period. Institutional investors and hedge funds own 35.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of SLR Investment from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $15.50 to $15.00 in a report on Monday, July 29th. Wells Fargo & Company increased their price target on shares of SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. Finally, StockNews.com assumed coverage on shares of SLR Investment in a research report on Tuesday, July 23rd. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $15.25.

SLR Investment Stock Up 1.4 %

SLR Investment stock opened at $16.16 on Friday. The company has a market capitalization of $881.69 million, a PE ratio of 9.13 and a beta of 1.12. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. SLR Investment Corp. has a fifty-two week low of $14.41 and a fifty-two week high of $16.77. The firm has a 50 day moving average price of $15.33 and a 200 day moving average price of $15.69.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. The company 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 firm earned $0.42 earnings per share. Research analysts expect that SLR Investment Corp. will post 1.76 earnings per share for the current year.

SLR Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.64 annualized dividend and a dividend yield of 10.15%. SLR Investment’s dividend payout ratio (DPR) 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.