Denali Advisors LLC Sells 3,416 Shares of SLR Investment Corp. (NASDAQ:SLRC)

Denali Advisors LLC decreased its holdings in shares of SLR Investment Corp. (NASDAQ:SLRC) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,496 shares of the financial services provider’s stock after selling 3,416 shares during the period. Denali Advisors LLC owned about 0.23% of SLR Investment worth $1,996,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLRC. Quantbot Technologies LP bought a new position in shares of SLR Investment in the third quarter valued at approximately $90,000. Westend Capital Management LLC raised its position in SLR Investment by 71.3% in the 4th quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 3,082 shares during the last quarter. Creative Planning acquired a new position in SLR Investment in the third quarter worth $170,000. MQS Management LLC acquired a new position in SLR Investment in the third quarter worth $197,000. Finally, Paloma Partners Management Co bought a new stake in shares of SLR Investment during the third quarter worth $210,000. Institutional investors own 35.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lifted their price target on SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.25.

SLR Investment Stock Down 1.7 %

NASDAQ:SLRC opened at $17.20 on Thursday. The company has a market cap of $938.43 million, a price-to-earnings ratio of 9.72 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s fifty day moving average price is $16.76 and its two-hundred day moving average price is $16.05. SLR Investment Corp. has a 52-week low of $14.41 and a 52-week high of $17.85.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $55.58 million for the quarter, compared to analyst estimates of $57.08 million. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. On average, analysts anticipate that SLR Investment Corp. will post 1.76 EPS for the current year.

SLR Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 9.53%. The ex-dividend date is Friday, March 14th. SLR Investment’s dividend payout ratio (DPR) is presently 92.66%.

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.