Oppenheimer & Co. Inc. Trims Stake in SLR Investment Corp. $SLRC

Oppenheimer & Co. Inc. lessened its stake in SLR Investment Corp. (NASDAQ:SLRC) by 80.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,239 shares of the financial services provider’s stock after selling 43,487 shares during the period. Oppenheimer & Co. Inc.’s holdings in SLR Investment were worth $157,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC lifted its stake in shares of SLR Investment by 215.6% in the 3rd quarter. CWM LLC now owns 2,367 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,617 shares during the period. State of Alaska Department of Revenue purchased a new position in SLR Investment in the third quarter valued at $38,000. Global Retirement Partners LLC acquired a new position in shares of SLR Investment in the third quarter worth about $65,000. Allworth Financial LP purchased a new stake in shares of SLR Investment during the 2nd quarter worth about $121,000. Finally, PharVision Advisers LLC purchased a new stake in shares of SLR Investment during the 2nd quarter worth about $176,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SLRC. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SLR Investment in a report on Monday, December 29th. Keefe, Bruyette & Woods cut their price objective on SLR Investment from $17.00 to $16.50 and set a “market perform” rating for the company in a research report on Tuesday, November 18th. Finally, Wall Street Zen upgraded SLR Investment from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.04.

SLR Investment Price Performance

NASDAQ SLRC opened at $14.86 on Friday. The business has a fifty day moving average price of $15.23 and a 200 day moving average price of $15.52. SLR Investment Corp. has a one year low of $13.64 and a one year high of $17.94. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.07 and a quick ratio of 1.07.

SLR Investment 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.