SLR Investment Corp. (NASDAQ:SLRC) Shares Acquired by Westend Capital Management LLC

Westend Capital Management LLC boosted its stake in shares of SLR Investment Corp. (NASDAQ:SLRC) by 71.3% in the fourth quarter, HoldingsChannel reports. The firm owned 7,406 shares of the financial services provider’s stock after purchasing an additional 3,082 shares during the quarter. Westend Capital Management LLC’s holdings in SLR Investment were worth $120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in SLRC. EverSource Wealth Advisors LLC bought a new position in SLR Investment in the 2nd quarter worth about $47,000. Quantbot Technologies LP acquired a new stake in SLR Investment in the 3rd quarter valued at approximately $90,000. Creative Planning bought a new stake in SLR Investment during the 3rd quarter valued at $170,000. MQS Management LLC bought a new position in shares of SLR Investment in the third quarter worth $197,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of SLR Investment during the second quarter valued at $210,000. 35.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company upped their price objective on shares of SLR Investment from $12.50 to $13.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $15.25.

SLR Investment Stock Up 0.6 %

Shares of SLRC stock opened at $16.75 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $913.88 million, a PE ratio of 9.46 and a beta of 1.13. The business’s fifty day moving average is $16.39 and its 200-day moving average is $15.79. SLR Investment Corp. has a 1 year low of $14.41 and a 1 year high of $16.91.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share 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 the consensus estimate of $58.48 million. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. During the same period in the prior year, the company earned $0.42 EPS. Equities analysts expect that SLR Investment Corp. will post 1.76 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a $0.41 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.64 annualized dividend and a yield of 9.79%. SLR Investment’s dividend payout ratio (DPR) is 92.66%.

SLR Investment 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.