Connor Clark & Lunn Investment Management Ltd. Purchases New Holdings in SLR Investment Corp. (NASDAQ:SLRC)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of SLR Investment Corp. (NASDAQ:SLRC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 27,728 shares of the financial services provider’s stock, valued at approximately $448,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.05% of SLR Investment as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLRC. Quantbot Technologies LP acquired a new stake in shares of SLR Investment during the 3rd quarter worth approximately $90,000. Westend Capital Management LLC raised its position in shares of SLR Investment by 71.3% during the 4th quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 3,082 shares during the period. Paloma Partners Management Co acquired a new stake in shares of SLR Investment during the 3rd quarter worth approximately $210,000. Jane Street Group LLC raised its position in shares of SLR Investment by 15.0% during the 3rd quarter. Jane Street Group LLC now owns 15,541 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 2,022 shares during the period. Finally, HB Wealth Management LLC acquired a new stake in shares of SLR Investment during the 4th quarter worth approximately $243,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Compass Point raised their target price on SLR Investment from $16.50 to $17.25 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Keefe, Bruyette & Woods raised their target price on SLR Investment from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.85.

SLR Investment Stock Down 0.6 %

NASDAQ SLRC opened at $16.89 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50 day simple moving average is $17.11 and its 200 day simple moving average is $16.27. SLR Investment Corp. has a 12 month low of $14.41 and a 12 month high of $17.94. The company has a market capitalization of $921.52 million, a P/E ratio of 9.54 and a beta of 1.13.

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

SLR Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.64 annualized dividend and a yield of 9.71%. SLR Investment’s dividend payout ratio is presently 93.71%.

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.