Creative Planning Buys New Holdings in SLR Investment Corp. (NASDAQ:SLRC)

Creative Planning purchased a new stake in shares of SLR Investment Corp. (NASDAQ:SLRC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,279 shares of the financial services provider’s stock, valued at approximately $170,000.

A number of other institutional investors have also recently added to or reduced their stakes in SLRC. Janney Montgomery Scott LLC grew its position in SLR Investment by 11.2% during the first quarter. Janney Montgomery Scott LLC now owns 56,531 shares of the financial services provider’s stock valued at $868,000 after acquiring an additional 5,692 shares during the period. SG Americas Securities LLC purchased a new stake in SLR Investment during the first quarter valued at about $342,000. Confluence Investment Management LLC grew its position in SLR Investment by 0.9% during the second quarter. Confluence Investment Management LLC now owns 185,372 shares of the financial services provider’s stock valued at $2,983,000 after acquiring an additional 1,570 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in SLR Investment by 1.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 137,962 shares of the financial services provider’s stock valued at $2,220,000 after acquiring an additional 1,897 shares during the period. Finally, Raymond James & Associates grew its position in SLR Investment by 5.4% during the second quarter. Raymond James & Associates now owns 225,465 shares of the financial services provider’s stock valued at $3,628,000 after acquiring an additional 11,637 shares during the period. Hedge funds and other institutional investors own 35.32% of the company’s stock.

SLR Investment Trading Down 0.4 %

NASDAQ:SLRC opened at $16.10 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.06. SLR Investment Corp. has a one year low of $14.41 and a one year high of $16.77. The business’s 50-day simple moving average is $15.31 and its 200 day simple moving average is $15.68. The stock has a market cap of $878.42 million, a price-to-earnings ratio of 9.10 and a beta of 1.12.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The business had revenue of $59.77 million for the quarter, compared to analysts’ expectations of $58.48 million. During the same quarter in the previous year, the firm posted $0.42 earnings per share. As a group, sell-side analysts predict that SLR Investment Corp. will post 1.74 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 10.19%. The ex-dividend date of this dividend is Friday, December 13th. SLR Investment’s dividend payout ratio (DPR) is 92.66%.

Wall Street Analyst Weigh In

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

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.