Natixis Advisors LLC Sells 1,929 Shares of SLR Investment Corp. (NASDAQ:SLRC)

Natixis Advisors LLC decreased its holdings in shares of SLR Investment Corp. (NASDAQ:SLRC) by 13.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,774 shares of the financial services provider’s stock after selling 1,929 shares during the period. Natixis Advisors LLC’s holdings in SLR Investment were worth $206,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in shares of SLR Investment during the third quarter valued at approximately $90,000. Westend Capital Management LLC grew its position in SLR Investment by 71.3% in the 4th quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 3,082 shares during the period. Paloma Partners Management Co bought a new stake in SLR Investment during the 3rd quarter valued at $210,000. Jane Street Group LLC raised its holdings in SLR Investment by 15.0% during the third quarter. Jane Street Group LLC now owns 15,541 shares of the financial services provider’s stock worth $234,000 after buying an additional 2,022 shares during the last quarter. Finally, HB Wealth Management LLC bought a new position in shares of SLR Investment in the fourth quarter valued at $243,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

Wall Street Analysts Forecast Growth

SLRC has been the topic of a number of analyst reports. Compass Point upped their target price on shares of SLR Investment from $16.50 to $17.25 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Keefe, Bruyette & Woods increased their price objective on SLR Investment from $16.00 to $17.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.85.

SLR Investment Stock Down 0.3 %

SLR Investment stock opened at $17.15 on Friday. SLR Investment Corp. has a fifty-two week low of $14.41 and a fifty-two week high of $17.94. 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 firm’s 50-day simple moving average is $17.17 and its 200 day simple moving average is $16.31. The stock has a market cap of $935.70 million, a PE ratio of 9.69 and a beta of 1.13.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $55.58 million for the quarter, compared to the consensus estimate of $57.08 million. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. Research analysts predict that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.

SLR Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.41 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.64 dividend on an annualized basis and a yield of 9.56%. SLR Investment’s dividend payout ratio (DPR) is presently 93.71%.

About SLR Investment

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.