Clear Harbor Asset Management LLC Makes New Investment in SLR Investment Corp. $SLRC

Clear Harbor Asset Management LLC purchased a new position in shares of SLR Investment Corp. (NASDAQ:SLRC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 339,975 shares of the financial services provider’s stock, valued at approximately $4,205,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP purchased a new position in SLR Investment in the second quarter valued at approximately $93,000. NewEdge Wealth LLC acquired a new stake in SLR Investment during the 2nd quarter worth $1,256,000. BlackRock Inc. purchased a new position in SLR Investment during the 2nd quarter worth $2,513,000. N.E.W. Advisory Services LLC acquired a new position in SLR Investment in the second quarter valued at $28,000. Finally, Next Capital Management LLC purchased a new stake in shares of SLR Investment in the second quarter valued at about $340,000. 35.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on SLRC. JPMorgan Chase & Co. lowered their price target on SLR Investment from $13.50 to $12.00 and set an “underweight” rating on the stock in a report on Thursday, July 2nd. Wall Street Zen downgraded SLR Investment from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings cut SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. B. Riley Financial downgraded SLR Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Wells Fargo & Company cut their price target on SLR Investment from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $14.10.

SLR Investment Price Performance

SLRC stock opened at $12.63 on Friday. The firm has a 50 day moving average of $12.75 and a 200-day moving average of $13.80. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.17. The company has a market cap of $689.09 million, a price-to-earnings ratio of 9.36 and a beta of 0.64. SLR Investment Corp. has a 12-month low of $12.13 and a 12-month high of $16.83.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. SLR Investment had a net margin of 35.20% and a return on equity of 7.96%. The company had revenue of $20.50 million for the quarter, compared to the consensus estimate of $48.82 million. As a group, equities analysts expect that SLR Investment Corp. will post 1.31 EPS for the current fiscal year.

SLR Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given 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, September 11th. SLR Investment’s dividend payout ratio (DPR) is currently 91.85%.

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.