Montag A & Associates Inc. Has $738,000 Stock Holdings in SLR Investment Corp. (NASDAQ:SLRC)

Montag A & Associates Inc. trimmed its stake in SLR Investment Corp. (NASDAQ:SLRC) by 6.4% in the fourth quarter, HoldingsChannel reports. The firm owned 45,667 shares of the financial services provider’s stock after selling 3,119 shares during the period. Montag A & Associates Inc.’s holdings in SLR Investment were worth $738,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in shares of SLR Investment by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 1,336,411 shares of the financial services provider’s stock valued at $20,113,000 after buying an additional 4,510 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of SLR Investment by 4.5% in the fourth quarter. Van ECK Associates Corp now owns 1,044,152 shares of the financial services provider’s stock valued at $16,874,000 after buying an additional 44,861 shares in the last quarter. Raymond James & Associates lifted its stake in shares of SLR Investment by 11.5% in the third quarter. Raymond James & Associates now owns 251,495 shares of the financial services provider’s stock valued at $3,785,000 after buying an additional 26,030 shares in the last quarter. Empirical Asset Management LLC bought a new position in shares of SLR Investment in the fourth quarter valued at $3,895,000. Finally, Confluence Investment Management LLC lifted its stake in shares of SLR Investment by 0.8% in the third quarter. Confluence Investment Management LLC now owns 186,928 shares of the financial services provider’s stock valued at $2,813,000 after buying an additional 1,556 shares in the last quarter. 35.32% of the stock is currently owned by institutional investors and hedge funds.

SLR Investment Stock Up 1.2 %

SLRC opened at $17.60 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50-day moving average is $16.58 and its 200 day moving average is $15.92. SLR Investment Corp. has a fifty-two week low of $14.41 and a fifty-two week high of $17.63. The firm has a market capitalization of $960.26 million, a P/E ratio of 9.94 and a beta of 1.14.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised their price objective 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 issued a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.