Triad Investment Management Makes New $1.93 Million Investment in SLR Investment Corp. $SLRC

Triad Investment Management purchased a new stake in SLR Investment Corp. (NASDAQ:SLRC) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 124,814 shares of the financial services provider’s stock, valued at approximately $1,930,000. SLR Investment accounts for 2.0% of Triad Investment Management’s holdings, making the stock its 23rd biggest holding.

Several other institutional investors have also recently made changes to their positions in SLRC. Acadian Asset Management LLC increased its holdings in shares of SLR Investment by 173.3% in the first quarter. Acadian Asset Management LLC now owns 16,702 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 10,591 shares during the period. Cetera Investment Advisers grew its position in SLR Investment by 11.7% during the second quarter. Cetera Investment Advisers now owns 40,901 shares of the financial services provider’s stock worth $660,000 after buying an additional 4,295 shares in the last quarter. J.W. Cole Advisors Inc. grew 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. Northwestern Mutual Wealth Management Co. bought a new position in SLR Investment in the 2nd quarter worth about $210,000. Finally, Quantbot Technologies LP purchased a new stake in shares of SLR Investment in the 2nd quarter valued at about $190,000. Institutional investors own 35.32% of the company’s stock.

SLR Investment Price Performance

Shares of SLR Investment stock opened at $14.27 on Thursday. The firm has a market capitalization of $778.57 million, a PE ratio of 8.39 and a beta of 0.68. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.15. SLR Investment Corp. has a 12 month low of $13.64 and a 12 month high of $17.19. The business’s 50-day moving average price is $14.68 and its 200-day moving average price is $15.10.

SLR Investment (NASDAQ:SLRC) last released its earnings results on Tuesday, February 24th. The financial services provider reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. The company had revenue of $54.46 million during the quarter, compared to the consensus estimate of $54.97 million. SLR Investment had a return on equity of 8.76% and a net margin of 42.34%. Sell-side analysts forecast that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.

SLR Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date was Friday, March 13th. SLR Investment’s payout ratio is presently 96.47%.

Insider Activity

In other SLR Investment news, insider Michael S. Gross acquired 10,452 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was bought at an average price of $13.90 per share, with a total value of $145,282.80. Following the purchase, the insider owned 4,025,153 shares of the company’s stock, valued at approximately $55,949,626.70. This trade represents a 0.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 8.80% of the company’s stock.

Analysts Set New Price Targets

SLRC has been the subject of a number of research analyst reports. Raymond James Financial set a $16.00 price target on SLR Investment and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Keefe, Bruyette & Woods lowered their target price on shares of SLR Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a research note on Monday. JPMorgan Chase & Co. cut their price target on shares of SLR Investment from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Friday, March 13th. Compass Point raised shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price target on the stock in a report on Tuesday, March 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of SLR Investment in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, SLR Investment presently has a consensus rating of “Hold” and an average price target of $15.29.

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.