MQS Management LLC Acquires New Position in SLR Investment Corp. (NASDAQ:SLRC)

MQS Management LLC acquired a new stake in SLR Investment Corp. (NASDAQ:SLRC) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,112 shares of the financial services provider’s stock, valued at approximately $197,000.

Several other large investors have also bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in SLR Investment in the second quarter worth $35,000. EverSource Wealth Advisors LLC acquired a new stake in SLR Investment in the second quarter worth $47,000. Creative Planning acquired a new stake in SLR Investment in the third quarter worth $170,000. Mercer Global Advisors Inc. ADV acquired a new stake in SLR Investment in the second quarter worth $210,000. Finally, SG Americas Securities LLC acquired a new stake in SLR Investment in the first quarter worth $342,000. 35.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SLRC. StockNews.com began coverage on shares of SLR Investment in a research report on Tuesday, July 23rd. They set a “hold” rating for the company. JPMorgan Chase & Co. downgraded shares of SLR Investment from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $15.50 to $15.00 in a research report on Monday, July 29th. Finally, Wells Fargo & Company increased their price objective on shares of SLR Investment from $12.50 to $13.00 and gave the stock an “underweight” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat, SLR Investment currently has an average rating of “Hold” and a consensus target price of $15.25.

SLR Investment Stock Up 1.4 %

SLR Investment stock opened at $16.16 on Friday. The company has a market cap of $881.69 million, a P/E ratio of 9.13 and a beta of 1.12. SLR Investment Corp. has a 1-year low of $14.41 and a 1-year high of $16.77. The company has a fifty day simple moving average of $15.33 and a 200 day simple moving average of $15.69. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11.

SLR Investment (NASDAQ:SLRC) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $59.77 million during the quarter, compared to the consensus estimate of $58.48 million. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. During the same quarter last year, the firm earned $0.42 earnings per share. Research analysts anticipate that SLR Investment Corp. will post 1.76 earnings per share for the current fiscal year.

SLR Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.15%. The ex-dividend date is Friday, December 13th. SLR Investment’s dividend payout ratio (DPR) is presently 92.66%.

About SLR Investment

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.