HB Wealth Management LLC Purchases New Position in SLR Investment Corp. (NASDAQ:SLRC)

HB Wealth Management LLC purchased a new stake in shares of SLR Investment Corp. (NASDAQ:SLRC) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 15,010 shares of the financial services provider’s stock, valued at approximately $243,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC purchased a new position in SLR Investment during the second quarter valued at $47,000. Quantbot Technologies LP purchased a new position in SLR Investment during the 3rd quarter valued at about $90,000. Westend Capital Management LLC lifted its position in SLR Investment by 71.3% during the 4th quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 3,082 shares during the period. Creative Planning purchased a new stake in SLR Investment in the third quarter worth about $170,000. Finally, MQS Management LLC bought a new position in shares of SLR Investment during the third quarter valued at approximately $197,000. Hedge funds and other institutional investors own 35.32% of the company’s stock.

SLR Investment Price Performance

Shares of SLRC opened at $16.69 on Friday. SLR Investment Corp. has a twelve month low of $14.41 and a twelve month high of $16.91. The company has a market capitalization of $910.52 million, a P/E ratio of 9.43 and a beta of 1.13. The firm has a 50 day moving average of $16.46 and a 200 day moving average of $15.81. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The firm had revenue of $59.77 million for the quarter, compared to the consensus estimate of $58.48 million. During the same period in the prior year, the company posted $0.42 earnings per share. As a group, equities research analysts anticipate that SLR Investment Corp. will post 1.76 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.83%. The ex-dividend date of this dividend was Friday, December 13th. SLR Investment’s payout ratio is presently 92.66%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised 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 given a hold rating to the company. According to MarketBeat, SLR Investment has an average rating of “Hold” and a consensus target price of $15.25.

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.