Inspire Investing LLC Raises Stake in SLR Investment Corp. (NASDAQ:SLRC)

Inspire Investing LLC lifted its position in shares of SLR Investment Corp. (NASDAQ:SLRC) by 25.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 27,345 shares of the financial services provider’s stock after buying an additional 5,522 shares during the period. Inspire Investing LLC owned 0.05% of SLR Investment worth $412,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in shares of SLR Investment by 1.9% during the 2nd quarter. Van ECK Associates Corp now owns 935,970 shares of the financial services provider’s stock worth $15,060,000 after purchasing an additional 17,774 shares during the period. Condor Capital Management purchased a new stake in shares of SLR Investment in the second quarter valued at $4,118,000. Raymond James & Associates increased its stake in SLR Investment by 5.4% in the second quarter. Raymond James & Associates now owns 225,465 shares of the financial services provider’s stock valued at $3,628,000 after purchasing an additional 11,637 shares during the last quarter. Confluence Investment Management LLC lifted its position in SLR Investment by 0.9% during the second quarter. Confluence Investment Management LLC now owns 185,372 shares of the financial services provider’s stock worth $2,983,000 after buying an additional 1,570 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in SLR Investment by 1.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 137,962 shares of the financial services provider’s stock worth $2,220,000 after buying an additional 1,897 shares during the last quarter. Institutional investors and hedge funds own 35.32% of the company’s stock.

SLR Investment Trading Down 0.8 %

Shares of SLRC opened at $15.19 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.04 and a quick ratio of 1.04. SLR Investment Corp. has a 12 month low of $13.93 and a 12 month high of $16.77. The stock has a market cap of $828.77 million, a PE ratio of 8.17 and a beta of 1.13. The stock’s 50-day moving average is $15.30 and its two-hundred day moving average is $15.62.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $58.98 million during the quarter, compared to analysts’ expectations 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 prior year, the business earned $0.42 EPS. Equities analysts forecast that SLR Investment Corp. will post 1.74 earnings per share for the current fiscal 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 dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 10.80%. The ex-dividend date was Friday, September 13th. SLR Investment’s payout ratio is 88.17%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SLRC shares. Wells Fargo & Company increased their price objective on shares of SLR Investment from $12.50 to $13.00 and gave the stock an “underweight” rating in a report on Friday, July 26th. StockNews.com started coverage on shares of SLR Investment in a report on Tuesday, July 23rd. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. cut SLR Investment from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $15.50 to $15.00 in a report on Monday, July 29th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, SLR Investment has an average rating of “Hold” and an average 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.