48,880 Shares in SLR Investment Corp. (NASDAQ:SLRC) Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP purchased a new position in shares of SLR Investment Corp. (NASDAQ:SLRC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 48,880 shares of the financial services provider’s stock, valued at approximately $786,000. Dimensional Fund Advisors LP owned 0.09% of SLR Investment at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp lifted its holdings in shares of SLR Investment by 8.0% during the first quarter. Van ECK Associates Corp now owns 918,196 shares of the financial services provider’s stock worth $14,094,000 after purchasing an additional 68,320 shares during the period. Confluence Investment Management LLC acquired a new stake in SLR Investment in the first quarter valued at $2,821,000. Condor Capital Management acquired a new stake in SLR Investment in the second quarter valued at $4,118,000. Hennion & Walsh Asset Management Inc. lifted its holdings in SLR Investment by 182.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 54,401 shares of the financial services provider’s stock valued at $875,000 after acquiring an additional 35,128 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new stake in SLR Investment in the second quarter valued at $1,639,000. 35.32% of the stock is owned by institutional investors and hedge funds.

SLR Investment Trading Up 0.5 %

SLR Investment stock opened at $15.06 on Monday. The stock has a market cap of $821.67 million, a PE ratio of 8.10 and a beta of 1.13. The stock has a 50-day moving average price of $15.28 and a 200 day moving average price of $15.63. SLR Investment Corp. has a 52 week low of $13.93 and a 52 week high of $16.77. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.16.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings results on Wednesday, August 7th. 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 return on equity of 9.65% and a net margin of 42.99%. The firm had revenue of $58.98 million for the quarter, compared to analyst estimates of $58.23 million. During the same period last year, the company earned $0.42 EPS. Equities research analysts predict that SLR Investment Corp. will post 1.74 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 10.89%. The ex-dividend date of this dividend was Friday, September 13th. SLR Investment’s payout ratio is 88.17%.

Analysts Set New Price Targets

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