GAMMA Investing LLC increased its stake in shares of SLR Investment Corp. (NASDAQ:SLRC – Free Report) by 1,414.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,057 shares of the financial services provider’s stock after buying an additional 16,865 shares during the quarter. GAMMA Investing LLC’s holdings in SLR Investment were worth $304,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in SLRC. Thornburg Investment Management Inc. increased its holdings in SLR Investment by 0.8% in the 4th quarter. Thornburg Investment Management Inc. now owns 4,372,550 shares of the financial services provider’s stock worth $70,660,000 after buying an additional 33,951 shares during the period. JPMorgan Chase & Co. lifted its stake in SLR Investment by 2.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,368,250 shares of the financial services provider’s stock valued at $22,111,000 after acquiring an additional 31,839 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of SLR Investment by 10.4% in the 4th quarter. Two Sigma Advisers LP now owns 382,076 shares of the financial services provider’s stock valued at $6,174,000 after acquiring an additional 36,100 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SLR Investment in the fourth quarter worth $4,565,000. Finally, Sei Investments Co. increased its stake in shares of SLR Investment by 0.4% in the fourth quarter. Sei Investments Co. now owns 260,443 shares of the financial services provider’s stock worth $4,209,000 after acquiring an additional 1,059 shares during the period. 35.32% of the stock is owned by institutional investors and hedge funds.
SLR Investment Stock Performance
SLRC opened at $16.18 on Friday. SLR Investment Corp. has a one year low of $13.64 and a one year high of $17.94. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.05. The business’s 50-day simple moving average is $16.11 and its 200-day simple moving average is $16.48.
SLR Investment Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 10.14%. The ex-dividend date is Friday, June 13th. SLR Investment’s payout ratio is currently 101.86%.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on SLRC. B. Riley began coverage on SLR Investment in a research report on Tuesday, May 13th. They set a “buy” rating and a $17.00 price target on the stock. LADENBURG THALM/SH SH raised SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 target price on the stock in a report on Monday, May 12th. Compass Point boosted their price target on SLR Investment from $16.50 to $17.25 and gave the company a “neutral” rating in a report on Tuesday, March 11th. JPMorgan Chase & Co. dropped their price objective on shares of SLR Investment from $16.50 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, April 24th. Finally, Raymond James Financial cut their target price on shares of SLR Investment from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.96.
Read Our Latest Research Report on SLRC
SLR Investment Company Profile
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.
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