3,000 Shares in SLR Investment Corp. (NASDAQ:SLRC) Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC purchased a new position in SLR Investment Corp. (NASDAQ:SLRC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,000 shares of the financial services provider’s stock, valued at approximately $47,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Confluence Investment Management LLC grew its position in SLR Investment by 0.9% in the second quarter. Confluence Investment Management LLC now owns 185,372 shares of the financial services provider’s stock worth $2,983,000 after acquiring an additional 1,570 shares in the last quarter. Wedbush Securities Inc. grew its position in SLR Investment by 4.1% in the second quarter. Wedbush Securities Inc. now owns 40,900 shares of the financial services provider’s stock worth $658,000 after acquiring an additional 1,616 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of SLR Investment by 1.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 137,962 shares of the financial services provider’s stock valued at $2,220,000 after buying an additional 1,897 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of SLR Investment by 4.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 50,839 shares of the financial services provider’s stock valued at $764,000 after buying an additional 1,969 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in shares of SLR Investment by 6.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 34,513 shares of the financial services provider’s stock valued at $524,000 after buying an additional 2,156 shares during the last quarter. Hedge funds and other institutional investors own 35.32% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Leonard M. Tannenbaum bought 56,584 shares of the stock in a transaction on Friday, July 12th. The stock was bought at an average price of $12.80 per share, for a total transaction of $724,275.20. Following the completion of the acquisition, the chairman now directly owns 184,803 shares in the company, valued at $2,365,478.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, President Robyn Tannenbaum bought 3,000 shares of the stock in a transaction on Thursday, July 11th. The stock was bought at an average price of $11.05 per share, for a total transaction of $33,150.00. Following the completion of the acquisition, the president now directly owns 24,959 shares in the company, valued at $275,796.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Leonard M. Tannenbaum bought 56,584 shares of the stock in a transaction on Friday, July 12th. The shares were bought at an average price of $12.80 per share, with a total value of $724,275.20. Following the acquisition, the chairman now owns 184,803 shares of the company’s stock, valued at $2,365,478.40. The disclosure for this purchase can be found here. Insiders purchased a total of 70,584 shares of company stock worth $855,625 over the last 90 days. Company insiders own 8.20% of the company’s stock.

SLR Investment Stock Up 0.1 %

Shares of NASDAQ SLRC opened at $14.90 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $812.94 million, a price-to-earnings ratio of 8.37 and a beta of 1.13. The stock has a 50 day moving average price of $15.42 and a 200 day moving average price of $15.64. SLR Investment Corp. has a 52-week low of $13.93 and a 52-week high of $16.77.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $58.98 million during the quarter, compared to analyst estimates of $58.23 million. SLR Investment had a return on equity of 9.65% and a net margin of 42.99%. During the same quarter in the previous year, the business earned $0.42 earnings per share. Sell-side analysts expect that SLR Investment Corp. will post 1.74 earnings per share for the current year.

SLR Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.41 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 11.01%. SLR Investment’s payout ratio is 92.13%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SLRC shares. StockNews.com started coverage on SLR Investment in a research note on Tuesday, July 23rd. They set a “hold” rating on the stock. Wells Fargo & Company upped their target price on SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. cut SLR Investment from a “neutral” rating to an “underweight” rating and cut their target price for the company from $15.50 to $15.00 in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.25.

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.