SLR Investment Corp. (NASDAQ:SLRC) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC grew its stake in SLR Investment Corp. (NASDAQ:SLRC) by 15.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,541 shares of the financial services provider’s stock after acquiring an additional 2,022 shares during the quarter. Jane Street Group LLC’s holdings in SLR Investment were worth $234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SLRC. Confluence Investment Management LLC grew its holdings in shares of 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 worth $2,813,000 after purchasing an additional 1,556 shares during the period. Sunbelt Securities Inc. increased its stake in SLR Investment by 1.9% during 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 period. Pekin Hardy Strauss Inc. lifted its position in shares of SLR Investment by 3.4% during the second quarter. Pekin Hardy Strauss Inc. now owns 88,560 shares of the financial services provider’s stock worth $1,425,000 after purchasing an additional 2,875 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of SLR Investment in the second quarter valued at approximately $47,000. Finally, Muzinich & Co. Inc. grew its holdings in shares of SLR Investment by 3.8% in the third 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 in the last quarter. 35.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lifted their price objective on shares of 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 issued a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.25.

SLR Investment Trading Down 0.8 %

NASDAQ SLRC opened at $16.18 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11. SLR Investment Corp. has a 52 week low of $14.41 and a 52 week high of $16.91. The stock has a market capitalization of $882.70 million, a PE ratio of 9.14 and a beta of 1.13. The firm has a 50 day moving average of $16.29 and a two-hundred day moving average of $15.77.

SLR Investment (NASDAQ:SLRC) last posted 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 net margin of 40.89% and a return on equity of 9.73%. The company had revenue of $59.77 million during the quarter, compared to analysts’ expectations of $58.48 million. During the same quarter in the previous year, the business posted $0.42 EPS. As a group, research analysts expect that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.

SLR Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 10.14%. The ex-dividend date of this dividend was Friday, December 13th. SLR Investment’s dividend payout ratio (DPR) is presently 92.66%.

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.