Altrafin AG Makes New Investment in SLR Investment Corp. $SLRC

Altrafin AG purchased a new position in shares of SLR Investment Corp. (NASDAQ:SLRC) in the fourth quarter, HoldingsChannel reports. The firm purchased 50,813 shares of the financial services provider’s stock, valued at approximately $786,000.

A number of other hedge funds have also modified their holdings of the business. Kestra Advisory Services LLC purchased a new position in shares of SLR Investment during the 4th quarter worth $110,000. CANADA LIFE ASSURANCE Co grew its holdings in shares of SLR Investment by 4.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 71,859 shares of the financial services provider’s stock worth $1,108,000 after purchasing an additional 2,975 shares during the period. State Street Corp grew its holdings in shares of SLR Investment by 23.9% during the 4th quarter. State Street Corp now owns 66,535 shares of the financial services provider’s stock worth $1,029,000 after purchasing an additional 12,843 shares during the period. Wells Fargo & Company MN grew its holdings in shares of SLR Investment by 73.9% during the 4th quarter. Wells Fargo & Company MN now owns 17,483 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 7,427 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in shares of SLR Investment by 16.7% during the 4th quarter. Advisors Asset Management Inc. now owns 219,531 shares of the financial services provider’s stock worth $3,394,000 after purchasing an additional 31,363 shares during the period. 35.32% of the stock is currently owned by hedge funds and other institutional investors.

SLR Investment Stock Performance

Shares of SLR Investment stock opened at $12.71 on Friday. The business has a 50-day moving average of $14.14 and a 200 day moving average of $14.76. SLR Investment Corp. has a 12 month low of $12.53 and a 12 month high of $16.83. The stock has a market capitalization of $693.46 million, a price-to-earnings ratio of 7.75 and a beta of 0.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 1.04.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Tuesday, May 5th. The financial services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). SLR Investment had a net margin of 41.81% and a return on equity of 8.33%. The firm had revenue of $47.14 million for the quarter, compared to analysts’ expectations of $54.01 million. As a group, sell-side analysts forecast that SLR Investment Corp. will post 1.33 earnings per share for the current year.

SLR Investment Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date is Friday, June 12th. SLR Investment’s dividend payout ratio (DPR) is 100.00%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Raymond James Financial set a $16.00 price target on SLR Investment and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Wells Fargo & Company lowered their price target on SLR Investment from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, May 7th. Zacks Research cut SLR Investment from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. JPMorgan Chase & Co. lowered their price target on SLR Investment from $14.00 to $13.50 and set an “underweight” rating for the company in a report on Thursday, May 7th. Finally, Wall Street Zen cut SLR Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, SLR Investment currently has an average rating of “Reduce” and an average price target of $14.40.

Insider Buying and Selling

In other news, insider Michael S. Gross bought 10,452 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was bought at an average cost of $13.90 per share, for a total transaction of $145,282.80. Following the acquisition, the insider directly owned 4,025,153 shares of the company’s stock, valued at $55,949,626.70. The trade was a 0.26% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 8.80% of the stock is owned by company insiders.

SLR Investment Company 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.