SLR Investment Corp. (NASDAQ:SLRC) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in SLR Investment Corp. (NASDAQ:SLRC) by 1,683.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 38,543 shares of the financial services provider’s stock after acquiring an additional 36,382 shares during the period. International Assets Investment Management LLC’s holdings in SLR Investment were worth $580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its holdings in SLR Investment by 11.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 56,531 shares of the financial services provider’s stock valued at $868,000 after purchasing an additional 5,692 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of SLR Investment in the first quarter worth about $342,000. Confluence Investment Management LLC boosted its position in SLR Investment by 0.9% during the second quarter. Confluence Investment Management LLC now owns 185,372 shares of the financial services provider’s stock worth $2,983,000 after acquiring an additional 1,570 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in SLR Investment by 1.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 137,962 shares of the financial services provider’s stock valued at $2,220,000 after acquiring an additional 1,897 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in SLR Investment by 5.4% in the 2nd quarter. Raymond James & Associates now owns 225,465 shares of the financial services provider’s stock valued at $3,628,000 after acquiring an additional 11,637 shares during the last quarter. Institutional investors and hedge funds own 35.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SLRC shares. StockNews.com initiated coverage on SLR Investment in a research note on Tuesday, July 23rd. They issued a “hold” rating for the company. Wells Fargo & Company lowered their price objective on shares of SLR Investment from $13.00 to $12.50 and set an “underweight” rating for the company in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. downgraded shares of SLR Investment from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $15.50 to $15.00 in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.13.

SLR Investment Stock Up 0.3 %

Shares of SLR Investment stock opened at $15.12 on Wednesday. SLR Investment Corp. has a 52-week low of $14.41 and a 52-week high of $16.77. The company has a 50 day moving average of $15.31 and a 200 day moving average of $15.66. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $824.95 million, a P/E ratio of 8.13 and a beta of 1.12.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $58.98 million during the quarter, compared to analysts’ expectations of $58.23 million. SLR Investment had a net margin of 42.99% and a return on equity of 9.65%. During the same period in the previous year, the company earned $0.42 EPS. As a group, research analysts forecast that SLR Investment Corp. will post 1.75 EPS for the current fiscal year.

About SLR Investment

SLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies.