Advisors Asset Management Inc. Acquires 66,342 Shares of SLR Investment Corp. $SLRC

Advisors Asset Management Inc. increased its holdings in shares of SLR Investment Corp. (NASDAQ:SLRC) by 61.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,121 shares of the financial services provider’s stock after acquiring an additional 66,342 shares during the period. Advisors Asset Management Inc.’s holdings in SLR Investment were worth $2,826,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SLRC. Cetera Investment Advisers purchased a new position in shares of SLR Investment during the first quarter valued at approximately $617,000. Mackenzie Financial Corp increased its position in SLR Investment by 222.3% during the 1st quarter. Mackenzie Financial Corp now owns 45,776 shares of the financial services provider’s stock valued at $772,000 after buying an additional 31,575 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in SLR Investment during the first quarter valued at $31,000. AlphaCore Capital LLC bought a new stake in SLR Investment in the first quarter worth $1,031,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of SLR Investment by 35.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,649 shares of the financial services provider’s stock worth $635,000 after acquiring an additional 9,921 shares during the last quarter. Hedge funds and other institutional investors own 35.32% of the company’s stock.

SLR Investment Trading Up 0.3%

NASDAQ:SLRC opened at $15.93 on Friday. The company has a market cap of $869.14 million, a PE ratio of 9.83 and a beta of 0.73. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.18. The company has a 50 day simple moving average of $15.11 and a two-hundred day simple moving average of $15.95. SLR Investment Corp. has a 12 month low of $13.64 and a 12 month high of $17.94.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). SLR Investment had a return on equity of 9.26% and a net margin of 39.93%.The firm had revenue of $56.99 million during the quarter, compared to analysts’ expectations of $56.33 million. Research analysts forecast that SLR Investment Corp. will post 1.76 earnings per share for the current year.

SLR Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Friday, December 12th. SLR Investment’s payout ratio is currently 99.39%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SLRC shares. JPMorgan Chase & Co. lowered their price target on SLR Investment from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SLR Investment in a report on Tuesday, October 14th. Wells Fargo & Company reiterated an “underweight” rating and set a $13.00 price target (up previously from $12.00) on shares of SLR Investment in a report on Tuesday, August 12th. Wall Street Zen raised shares of SLR Investment from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of SLR Investment from $17.00 to $16.50 and set a “market perform” rating for the company in a report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.04.

Insider Activity at SLR Investment

In other SLR Investment news, Director Andrea Colvin Roberts acquired 7,190 shares of the stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average price of $16.73 per share, for a total transaction of $120,288.70. Following the purchase, the director directly owned 7,190 shares of the company’s stock, valued at approximately $120,288.70. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 8.80% of the stock is owned by insiders.

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.