JPMorgan Chase & Co. Buys 4,510 Shares of SLR Investment Corp. (NASDAQ:SLRC)

JPMorgan Chase & Co. lifted its position in SLR Investment Corp. (NASDAQ:SLRC) by 0.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,336,411 shares of the financial services provider’s stock after purchasing an additional 4,510 shares during the quarter. JPMorgan Chase & Co. owned about 2.45% of SLR Investment worth $20,113,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SLRC. Confluence Investment Management LLC boosted its holdings in SLR Investment by 0.8% during the 3rd quarter. Confluence Investment Management LLC now owns 186,928 shares of the financial services provider’s stock valued at $2,813,000 after acquiring an additional 1,556 shares during the period. Wedbush Securities Inc. boosted its stake in shares of SLR Investment by 4.1% during the second quarter. Wedbush Securities Inc. now owns 40,900 shares of the financial services provider’s stock valued at $658,000 after purchasing an additional 1,616 shares during the period. Sunbelt Securities Inc. grew its holdings in shares of SLR Investment by 1.9% in the second quarter. Sunbelt Securities Inc. now owns 89,066 shares of the financial services provider’s stock worth $1,433,000 after purchasing an additional 1,683 shares during the last quarter. Jane Street Group LLC increased its stake in SLR Investment by 15.0% in the 3rd 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 period. Finally, Pekin Hardy Strauss Inc. lifted its holdings in SLR Investment by 3.4% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 88,560 shares of the financial services provider’s stock valued at $1,425,000 after buying an additional 2,875 shares in the last quarter. 35.32% of the stock is currently owned by hedge funds and other institutional investors.

SLR Investment Trading Down 0.1 %

NASDAQ SLRC opened at $16.31 on Friday. The firm has a market cap of $889.79 million, a PE ratio of 9.21 and a beta of 1.13. SLR Investment Corp. has a 52 week low of $14.41 and a 52 week high of $16.91. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average price of $16.27 and a 200 day moving average price of $15.77.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The firm had revenue of $59.77 million during the quarter, compared to analysts’ expectations of $58.48 million. During the same quarter last year, the firm earned $0.42 EPS. As a group, sell-side analysts forecast that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.

SLR Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.64 dividend on an annualized basis and a yield of 10.06%. SLR Investment’s payout ratio is 92.66%.

Analyst Upgrades and Downgrades

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

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.