International Assets Investment Management LLC Acquires 36,382 Shares of SLR Investment Corp. (NASDAQ:SLRC)

International Assets Investment Management LLC increased its holdings in SLR Investment Corp. (NASDAQ:SLRC) by 1,683.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,543 shares of the financial services provider’s stock after buying an additional 36,382 shares during the quarter. International Assets Investment Management LLC owned 0.07% of SLR Investment worth $580,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new stake in shares of SLR Investment in the second quarter worth $47,000. Creative Planning purchased a new position in shares of SLR Investment in the third quarter worth $170,000. Mercer Global Advisors Inc. ADV bought a new position in shares of SLR Investment during the second quarter worth $210,000. SG Americas Securities LLC bought a new stake in shares of SLR Investment in the first quarter worth about $342,000. Finally, Deerfield Management Company L.P. Series C boosted its position in shares of SLR Investment by 70.1% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 23,119 shares of the financial services provider’s stock valued at $372,000 after acquiring an additional 9,530 shares during the last quarter. 35.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SLRC shares. JPMorgan Chase & Co. downgraded shares of SLR Investment from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $15.50 to $15.00 in a research note on Monday, July 29th. Wells Fargo & Company decreased their price target on SLR Investment from $13.00 to $12.50 and set an “underweight” rating on the stock in a report on Tuesday, October 29th. Finally, StockNews.com initiated coverage on shares of SLR Investment in a research note on Tuesday, July 23rd. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat, SLR Investment presently has a consensus rating of “Hold” and a consensus price target of $15.13.

SLR Investment Stock Performance

Shares of SLR Investment stock opened at $15.12 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.16. The stock’s fifty day moving average is $15.31 and its two-hundred day moving average is $15.66. SLR Investment Corp. has a 52 week low of $14.41 and a 52 week high of $16.77. The company has a market capitalization of $824.95 million, a PE ratio of 8.13 and a beta of 1.12.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $58.98 million during the quarter, compared to analyst estimates of $58.23 million. SLR Investment had a net margin of 42.99% and a return on equity of 9.65%. During the same period in the prior year, the firm earned $0.42 earnings per share. As a group, analysts expect that SLR Investment Corp. will post 1.75 earnings per share for the current year.

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.