Dynamic Technology Lab Private Ltd Takes $353,000 Position in SLR Investment Corp. (NASDAQ:SLRC)

Dynamic Technology Lab Private Ltd bought a new position in SLR Investment Corp. (NASDAQ:SLRC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 23,487 shares of the financial services provider’s stock, valued at approximately $353,000.

A number of other institutional investors have also bought and sold shares of SLRC. International Assets Investment Management LLC purchased a new position in shares of SLR Investment in the second quarter valued at about $35,000. EverSource Wealth Advisors LLC purchased a new position in SLR Investment in the 2nd quarter worth approximately $47,000. Creative Planning bought a new position in SLR Investment in the 3rd quarter worth approximately $170,000. MQS Management LLC purchased a new stake in SLR Investment during the 3rd quarter valued at approximately $197,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of SLR Investment in the second quarter worth $210,000. Hedge funds and other institutional investors own 35.32% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised their target price 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. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.25.

SLR Investment Stock Up 0.8 %

NASDAQ SLRC opened at $16.75 on Friday. The stock has a 50 day moving average price of $15.56 and a 200-day moving average price of $15.75. SLR Investment Corp. has a one year low of $14.41 and a one year high of $16.83. The company has a market capitalization of $913.80 million, a P/E ratio of 9.46 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 (NASDAQ:SLRC) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $59.77 million during the quarter, compared to analysts’ expectations of $58.48 million. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. During the same period last year, the company posted $0.42 EPS. As a group, equities analysts predict that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.

SLR Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.64 dividend on an annualized basis and a yield of 9.79%. SLR Investment’s dividend payout ratio (DPR) is presently 92.66%.

SLR Investment Company 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.