Altrafin AG Invests $786,000 in SLR Investment Corp. $SLRC

Altrafin AG bought a new position in shares of SLR Investment Corp. (NASDAQ:SLRC) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 50,813 shares of the financial services provider’s stock, valued at approximately $786,000.

Several other large investors have also made changes to their positions in SLRC. Kelleher Financial Advisors purchased a new stake in shares of SLR Investment during the fourth quarter worth approximately $26,000. BNP Paribas Financial Markets increased its position in shares of SLR Investment by 1,389.8% during the third quarter. BNP Paribas Financial Markets now owns 1,758 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,640 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of SLR Investment during the fourth quarter worth approximately $42,000. Russell Investments Group Ltd. purchased a new stake in shares of SLR Investment during the third quarter worth approximately $48,000. Finally, Greykasell Wealth Strategies Inc. purchased a new stake in shares of SLR Investment during the fourth quarter worth approximately $59,000. 35.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Michael S. Gross bought 10,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average cost of $13.09 per share, with a total value of $130,900.00. Following the purchase, the insider directly owned 4,035,153 shares of the company’s stock, valued at $52,820,152.77. The trade was a 0.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 8.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SLRC. Wells Fargo & Company dropped their price target on SLR Investment from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Thursday, May 7th. Keefe, Bruyette & Woods dropped their price target on SLR Investment from $16.50 to $15.00 and set a “market perform” rating for the company in a research report on Monday, March 30th. Compass Point upgraded SLR Investment from a “neutral” rating to a “buy” rating and set a $16.50 price target for the company in a research report on Tuesday, March 10th. JPMorgan Chase & Co. dropped their price target on SLR Investment from $14.00 to $13.50 and set an “underweight” rating for the company in a research report on Thursday, May 7th. Finally, Zacks Research cut SLR Investment from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $14.40.

SLR Investment Stock Down 1.6%

Shares of SLRC opened at $12.71 on Friday. SLR Investment Corp. has a 52-week low of $12.53 and a 52-week high of $16.83. The company has a market capitalization of $693.46 million, a PE ratio of 7.75 and a beta of 0.64. The stock has a fifty day simple moving average of $14.14 and a two-hundred day simple moving average of $14.76. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

SLR Investment (NASDAQ:SLRC) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). SLR Investment had a return on equity of 8.33% and a net margin of 41.81%.The company had revenue of $47.14 million during the quarter, compared to analyst estimates of $54.01 million. As a group, equities analysts forecast that SLR Investment Corp. will post 1.33 EPS for the current year.

SLR Investment Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.8%. SLR Investment’s dividend payout ratio (DPR) is 100.00%.

About SLR Investment

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.