Samalin Investment Counsel LLC Grows Stock Position in SLR Investment Corp. (NASDAQ:SLRC)

Samalin Investment Counsel LLC boosted its stake in shares of SLR Investment Corp. (NASDAQ:SLRC) by 6.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 35,120 shares of the financial services provider’s stock after buying an additional 1,973 shares during the period. Samalin Investment Counsel LLC owned approximately 0.06% of SLR Investment worth $568,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in SLR Investment during the 3rd quarter valued at $90,000. Westend Capital Management LLC raised its holdings in 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 valued at $120,000 after buying an additional 3,082 shares during the period. Paloma Partners Management Co purchased a new stake in SLR Investment during the 3rd quarter valued at $210,000. HB Wealth Management LLC purchased a new stake in SLR Investment during the 4th quarter valued at $243,000. Finally, Jane Street Group LLC grew its position 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 valued at $234,000 after acquiring an additional 2,022 shares during the last quarter. Hedge funds and other institutional investors own 35.32% of the company’s stock.

SLR Investment Price Performance

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

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The business had revenue of $55.58 million for the quarter, compared to the consensus estimate of $57.08 million. On average, equities 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.71%. The ex-dividend date is Friday, March 14th. SLR Investment’s payout ratio is 93.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SLRC shares. Compass Point upped their price objective 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 upped their price objective 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 investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $15.85.

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.