Stifel Financial Corp Sells 4,318 Shares of SLR Investment Corp. (NASDAQ:SLRC)

Stifel Financial Corp reduced its stake in shares of SLR Investment Corp. (NASDAQ:SLRC) by 14.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,082 shares of the financial services provider’s stock after selling 4,318 shares during the period. Stifel Financial Corp’s holdings in SLR Investment were worth $377,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Paloma Partners Management Co bought a new position in shares of SLR Investment during the third quarter worth about $210,000. Quantbot Technologies LP acquired a new stake in SLR Investment during the 3rd quarter valued at approximately $90,000. Dynamic Technology Lab Private Ltd bought a new position in SLR Investment during the 3rd quarter worth approximately $353,000. Advisors Asset Management Inc. lifted its position in shares of SLR Investment by 130.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 36,113 shares of the financial services provider’s stock worth $544,000 after purchasing an additional 20,451 shares during the period. Finally, Muzinich & Co. Inc. boosted its stake in shares of SLR Investment by 3.8% in the 3rd quarter. Muzinich & Co. Inc. now owns 145,124 shares of the financial services provider’s stock valued at $2,184,000 after purchasing an additional 5,280 shares during the last quarter. 35.32% of the stock is owned by institutional investors and hedge funds.

SLR Investment Price Performance

Shares of SLRC opened at $16.30 on Friday. The firm has a market cap of $889.25 million, a PE ratio of 9.21 and a beta of 1.14. SLR Investment Corp. has a 52-week low of $14.41 and a 52-week high of $16.91. The business’s 50 day moving average price is $16.10 and its two-hundred day moving average price is $15.76. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06.

SLR Investment (NASDAQ:SLRC) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $59.77 million for 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 quarter in the previous year, the company earned $0.42 EPS. On average, equities analysts anticipate that SLR Investment Corp. will post 1.76 EPS for the current year.

SLR Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $0.41 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.64 annualized dividend and a dividend yield of 10.06%. SLR Investment’s dividend payout ratio is presently 92.66%.

Analyst Upgrades and Downgrades

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

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.