Wedbush Securities Inc. Purchases 1,170 Shares of SLR Investment Corp. (NASDAQ:SLRC)

Wedbush Securities Inc. boosted its position in SLR Investment Corp. (NASDAQ:SLRC) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,983 shares of the financial services provider’s stock after acquiring an additional 1,170 shares during the period. Wedbush Securities Inc. owned 0.08% of SLR Investment worth $695,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC raised its position in shares of SLR Investment by 2.1% during the fourth quarter. Chicago Partners Investment Group LLC now owns 30,884 shares of the financial services provider’s stock worth $504,000 after purchasing an additional 627 shares during the period. Sei Investments Co. increased its stake in SLR Investment by 0.4% during the 4th quarter. Sei Investments Co. now owns 260,443 shares of the financial services provider’s stock valued at $4,209,000 after purchasing an additional 1,059 shares in the last quarter. Kelleher Financial Advisors raised its holdings in SLR Investment by 8.6% during the fourth quarter. Kelleher Financial Advisors now owns 15,914 shares of the financial services provider’s stock worth $257,000 after buying an additional 1,254 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in shares of SLR Investment by 12.7% in the fourth quarter. Flagship Harbor Advisors LLC now owns 16,100 shares of the financial services provider’s stock valued at $260,000 after buying an additional 1,820 shares in the last quarter. Finally, Samalin Investment Counsel LLC grew its holdings in shares of SLR Investment by 6.0% during the fourth quarter. Samalin Investment Counsel LLC now owns 35,120 shares of the financial services provider’s stock valued at $568,000 after buying an additional 1,973 shares during the last quarter. Institutional investors own 35.32% of the company’s stock.

Analysts Set New Price Targets

SLRC has been the topic of several recent research reports. Compass Point raised their price target on shares of SLR Investment from $16.50 to $17.25 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Keefe, Bruyette & Woods raised their target price on SLR Investment from $16.00 to $17.00 and gave the company a “market perform” rating in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.85.

SLR Investment Price Performance

Shares of NASDAQ SLRC opened at $14.73 on Tuesday. The company has a market capitalization of $803.67 million, a PE ratio of 8.32 and a beta of 0.90. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11. The stock’s 50 day moving average price is $17.10 and its 200-day moving average price is $16.36. SLR Investment Corp. has a twelve month low of $14.07 and a twelve month high of $17.94.

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

SLR Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.64 dividend on an annualized basis and a yield of 11.13%. SLR Investment’s dividend payout ratio (DPR) is presently 93.71%.

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.