Triad Investment Management Acquires Shares of 124,814 SLR Investment Corp. $SLRC

Triad Investment Management bought a new position in shares of SLR Investment Corp. (NASDAQ:SLRC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 124,814 shares of the financial services provider’s stock, valued at approximately $1,930,000. SLR Investment makes up about 2.0% of Triad Investment Management’s portfolio, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Acadian Asset Management LLC boosted its stake in SLR Investment by 173.3% during the 1st quarter. Acadian Asset Management LLC now owns 16,702 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 10,591 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of SLR Investment by 11.7% in the second quarter. Cetera Investment Advisers now owns 40,901 shares of the financial services provider’s stock valued at $660,000 after purchasing an additional 4,295 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of SLR Investment by 4.4% during the second quarter. J.W. Cole Advisors Inc. now owns 14,904 shares of the financial services provider’s stock valued at $241,000 after buying an additional 633 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of SLR Investment during the second quarter valued at approximately $210,000. Finally, Quantbot Technologies LP bought a new stake in SLR Investment during the second quarter worth $190,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

SLR Investment Price Performance

Shares of NASDAQ:SLRC opened at $14.27 on Thursday. The firm has a market capitalization of $778.57 million, a PE ratio of 8.39 and a beta of 0.68. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average price of $14.68 and a two-hundred day moving average price of $15.10. SLR Investment Corp. has a twelve month low of $13.64 and a twelve month high of $17.19.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings data on Tuesday, February 24th. The financial services provider reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. SLR Investment had a net margin of 42.34% and a return on equity of 8.76%. The company had revenue of $54.46 million during the quarter, compared to the consensus estimate of $54.97 million. Equities analysts forecast that SLR Investment Corp. will post 1.76 EPS for the current year.

SLR Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a $0.41 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.64 annualized dividend and a yield of 11.5%. SLR Investment’s dividend payout ratio (DPR) is currently 96.47%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SLRC. Raymond James Financial set a $16.00 price target on shares of SLR Investment and gave the company an “outperform” rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. decreased their price objective on shares of SLR Investment from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Friday, March 13th. Wells Fargo & Company dropped their target price on shares of SLR Investment from $13.00 to $12.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 3rd. Keefe, Bruyette & Woods cut their target price on SLR Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a research note on Monday. Finally, Compass Point raised 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. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, SLR Investment presently has an average rating of “Hold” and an average price target of $15.29.

Insiders Place Their Bets

In related news, insider Michael S. Gross bought 25,000 shares of SLR Investment stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $13.91 per share, with a total value of $347,750.00. Following the acquisition, the insider directly owned 4,014,701 shares of the company’s stock, valued at $55,844,490.91. This represents a 0.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.80% of the stock is owned by insiders.

SLR Investment Company Profile

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.