Hennion & Walsh Asset Management Inc. Raises Position in SLR Investment Corp. (NASDAQ:SLRC)

Hennion & Walsh Asset Management Inc. boosted its position in shares of SLR Investment Corp. (NASDAQ:SLRC) by 36.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 155,666 shares of the financial services provider’s stock after buying an additional 41,773 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in SLR Investment were worth $2,516,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new stake in shares of SLR Investment in the second quarter worth approximately $47,000. Quantbot Technologies LP acquired a new stake in SLR Investment during the 3rd quarter worth $90,000. Creative Planning purchased a new stake in shares of SLR Investment during the third quarter worth $170,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of SLR Investment in the second quarter valued at about $210,000. Finally, MQS Management LLC acquired a new stake in shares of SLR Investment in the third quarter valued at about $197,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

SLR Investment Stock Up 0.6 %

Shares of SLRC opened at $16.75 on Friday. 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 stock has a fifty day simple moving average of $16.39 and a two-hundred day simple moving average of $15.79. The company has a market capitalization of $913.88 million, a PE ratio of 9.46 and a beta of 1.13.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share (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 firm had revenue of $59.77 million during the quarter, compared to analysts’ expectations of $58.48 million. During the same period last year, the business earned $0.42 earnings per share. As a group, equities analysts forecast that SLR Investment Corp. will post 1.76 EPS for the current year.

SLR Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 9.79%. The ex-dividend date of this dividend was Friday, December 13th. SLR Investment’s dividend payout ratio is presently 92.66%.

Wall Street Analysts Forecast Growth

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

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.