SLR Investment Corp. (NASDAQ:SLRC) Shares Acquired by Confluence Investment Management LLC

Confluence Investment Management LLC lifted its position in shares of SLR Investment Corp. (NASDAQ:SLRC) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 185,372 shares of the financial services provider’s stock after buying an additional 1,570 shares during the quarter. Confluence Investment Management LLC owned approximately 0.34% of SLR Investment worth $2,983,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SLRC. Raymond James & Associates raised its stake in SLR Investment by 41.0% in the 4th quarter. Raymond James & Associates now owns 112,343 shares of the financial services provider’s stock valued at $1,689,000 after purchasing an additional 32,647 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in SLR Investment by 22.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,748 shares of the financial services provider’s stock valued at $252,000 after buying an additional 3,081 shares during the period. International Assets Investment Management LLC grew its holdings in SLR Investment by 1,693.5% in the 4th quarter. International Assets Investment Management LLC now owns 32,480 shares of the financial services provider’s stock valued at $488,000 after buying an additional 30,669 shares during the period. NewEdge Wealth LLC purchased a new stake in SLR Investment in the 4th quarter valued at about $1,780,000. Finally, Truist Financial Corp purchased a new stake in SLR Investment in the 4th quarter valued at about $310,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on SLRC shares. 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 Friday, July 26th. Keefe, Bruyette & Woods boosted their target price on SLR Investment from $15.50 to $16.00 and gave the stock a “market perform” rating in a report on Thursday, May 23rd. B. Riley reiterated a “neutral” rating and set a $17.00 target price (up previously from $16.00) on shares of SLR Investment in a report on Friday, May 10th. StockNews.com started coverage on SLR Investment in a report on Tuesday, July 23rd. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. downgraded shares of SLR Investment from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $15.50 to $15.00 in a research report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.25.

Insider Activity

In other SLR Investment news, Director Andrea Colvin Roberts purchased 25,000 shares of the stock in a transaction dated Friday, June 14th. The shares were bought at an average cost of $15.98 per share, with a total value of $399,500.00. Following the completion of the acquisition, the director now owns 25,000 shares of the company’s stock, valued at $399,500. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, Chairman Leonard M. Tannenbaum bought 56,584 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were purchased at an average cost of $12.80 per share, with a total value of $724,275.20. Following the completion of the acquisition, the chairman now directly owns 184,803 shares in the company, valued at $2,365,478.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrea Colvin Roberts bought 25,000 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were purchased at an average cost of $15.98 per share, for a total transaction of $399,500.00. Following the completion of the acquisition, the director now owns 25,000 shares of the company’s stock, valued at $399,500. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 95,584 shares of company stock valued at $1,255,125. Company insiders own 8.20% of the company’s stock.

SLR Investment Stock Performance

SLRC stock traded down $0.44 during mid-day trading on Friday, reaching $15.10. The company had a trading volume of 233,367 shares, compared to its average volume of 111,441. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $823.86 million, a P/E ratio of 8.48 and a beta of 1.13. SLR Investment Corp. has a one year low of $13.93 and a one year high of $16.77. The stock’s 50-day simple moving average is $16.10 and its two-hundred day simple moving average is $15.58.

SLR Investment (NASDAQ:SLRC) last posted its earnings results on Wednesday, May 8th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. The company had revenue of $58.10 million for the quarter, compared to analysts’ expectations of $58.96 million. SLR Investment had a return on equity of 9.51% and a net margin of 41.66%. Research analysts anticipate that SLR Investment Corp. will post 1.74 EPS for the current year.

SLR Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 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 10.86%. The ex-dividend date was Thursday, June 13th. SLR Investment’s dividend payout ratio (DPR) is 92.13%.

SLR Investment Company 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.