Creative Planning Takes Position in SLR Investment Corp. (NASDAQ:SLRC)

Creative Planning acquired a new position in SLR Investment Corp. (NASDAQ:SLRC) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,279 shares of the financial services provider’s stock, valued at approximately $170,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in SLR Investment in the 2nd quarter worth approximately $35,000. EverSource Wealth Advisors LLC bought a new position in SLR Investment in the 2nd quarter worth approximately $47,000. Mercer Global Advisors Inc. ADV bought a new position in SLR Investment in the 2nd quarter worth approximately $210,000. SG Americas Securities LLC bought a new position in SLR Investment in the 1st quarter worth approximately $342,000. Finally, Deerfield Management Company L.P. Series C grew its holdings in SLR Investment by 70.1% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 23,119 shares of the financial services provider’s stock worth $372,000 after buying an additional 9,530 shares in the last quarter. 35.32% of the stock is owned by institutional investors.

SLR Investment Price Performance

Shares of NASDAQ:SLRC opened at $16.10 on Tuesday. SLR Investment Corp. has a one year low of $14.41 and a one year high of $16.77. The stock has a fifty day moving average of $15.31 and a 200-day moving average of $15.68. The company has a market capitalization of $878.42 million, a PE ratio of 9.10 and a beta of 1.12. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.06.

SLR Investment (NASDAQ:SLRC) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $59.77 million during the quarter, compared to analyst estimates of $58.48 million. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. During the same quarter in the prior year, the company earned $0.42 earnings per share. As a group, equities analysts anticipate that SLR Investment Corp. will post 1.74 EPS for the current fiscal year.

SLR Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, December 13th. This represents a $1.64 annualized dividend and a dividend yield of 10.19%. SLR Investment’s dividend payout ratio is 92.66%.

Wall Street Analyst Weigh In

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

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.