SLR Investment Corp. $SLRC Shares Purchased by Muzinich & Co. Inc.

Muzinich & Co. Inc. boosted its position in shares of SLR Investment Corp. (NASDAQ:SLRC) by 45.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 389,013 shares of the financial services provider’s stock after acquiring an additional 121,432 shares during the period. SLR Investment comprises 2.3% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 16th biggest holding. Muzinich & Co. Inc.’s holdings in SLR Investment were worth $5,948,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. lifted its position in shares of SLR Investment by 61.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 175,121 shares of the financial services provider’s stock worth $2,826,000 after purchasing an additional 66,342 shares during the last quarter. Wealthspire Advisors LLC acquired a new stake in SLR Investment in the second quarter valued at $405,000. Dynamic Technology Lab Private Ltd purchased a new stake in SLR Investment during the 2nd quarter worth about $326,000. Allworth Financial LP purchased a new position in shares of SLR Investment in the 2nd quarter valued at about $121,000. Finally, Campbell & CO Investment Adviser LLC boosted its stake in SLR Investment by 297.2% in the second quarter. Campbell & CO Investment Adviser LLC now owns 42,259 shares of the financial services provider’s stock valued at $682,000 after acquiring an additional 31,621 shares in the last quarter. 35.32% of the stock is currently owned by institutional investors and hedge funds.

SLR Investment Stock Down 0.9%

Shares of SLRC stock opened at $15.30 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $834.77 million, a P/E ratio of 9.27 and a beta of 0.70. SLR Investment Corp. has a one year low of $13.64 and a one year high of $17.94. The stock has a fifty day moving average price of $15.45 and a 200 day moving average price of $15.79.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The company had revenue of $56.99 million during the quarter, compared to analyst estimates of $56.33 million. SLR Investment had a net margin of 41.00% and a return on equity of 8.98%. Analysts predict that SLR Investment Corp. will post 1.76 earnings per share for the current year.

SLR Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.64 annualized dividend and a dividend yield of 10.7%. SLR Investment’s payout ratio is presently 99.39%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SLRC. JPMorgan Chase & Co. dropped their price target on SLR Investment from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of SLR Investment in a report on Monday, December 22nd. Keefe, Bruyette & Woods reduced their price objective on SLR Investment from $17.00 to $16.50 and set a “market perform” rating for the company in a research report on Tuesday, November 18th. Finally, Wall Street Zen upgraded SLR Investment from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, SLR Investment currently has a consensus rating of “Hold” and an average target price of $16.04.

SLR Investment Profile

SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.

SLR Investment Corp.