Oppenheimer & Co. Inc. Decreases Stock Holdings in SLR Investment Corp. $SLRC

Oppenheimer & Co. Inc. reduced its stake in shares of SLR Investment Corp. (NASDAQ:SLRC) by 80.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,239 shares of the financial services provider’s stock after selling 43,487 shares during the period. Oppenheimer & Co. Inc.’s holdings in SLR Investment were worth $157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SLRC. J.W. Cole Advisors Inc. lifted its position in SLR Investment by 4.4% during the second quarter. J.W. Cole Advisors Inc. now owns 14,904 shares of the financial services provider’s stock worth $241,000 after buying an additional 633 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of SLR Investment by 2.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 30,599 shares of the financial services provider’s stock worth $474,000 after acquiring an additional 672 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of SLR Investment by 4.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 19,902 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 824 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of SLR Investment by 4.9% in the third quarter. Flagship Harbor Advisors LLC now owns 19,677 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 915 shares during the period. Finally, CWM LLC increased its position in SLR Investment by 215.6% during the third quarter. CWM LLC now owns 2,367 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 1,617 shares during the last quarter. Institutional investors and hedge funds own 35.32% of the company’s stock.

SLR Investment Stock Performance

NASDAQ:SLRC opened at $14.86 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.15. The company has a 50 day moving average price of $15.23 and a 200 day moving average price of $15.52. SLR Investment Corp. has a fifty-two week low of $13.64 and a fifty-two week high of $17.94.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SLRC shares. Wall Street Zen upgraded shares of SLR Investment from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Keefe, Bruyette & Woods decreased their price objective on SLR Investment from $17.00 to $16.50 and set a “market perform” rating on the stock in a report on Tuesday, November 18th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of SLR Investment in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SLR Investment currently has a consensus rating of “Hold” and an average price target of $16.04.

About SLR Investment

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.