Van ECK Associates Corp grew its stake in shares of SLR Investment Corp. (NASDAQ:SLRC - Free Report) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 999,291 shares of the financial services provider's stock after acquiring an additional 63,321 shares during the period. Van ECK Associates Corp owned 1.83% of SLR Investment worth $15,369,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in SLRC. International Assets Investment Management LLC bought a new position in SLR Investment in the 2nd quarter worth about $35,000. EverSource Wealth Advisors LLC purchased a new position in SLR Investment during the second quarter valued at approximately $47,000. Creative Planning bought a new stake in SLR Investment during the 3rd quarter worth approximately $170,000. Mercer Global Advisors Inc. ADV purchased a new stake in SLR Investment in the 2nd quarter worth approximately $210,000. Finally, SG Americas Securities LLC bought a new position in SLR Investment in the 1st quarter valued at $342,000. 35.32% of the stock is owned by institutional investors.
A number of brokerages recently issued reports on SLRC. Wells Fargo & Company lowered their price objective on SLR Investment from $13.00 to $12.50 and set an "underweight" rating on the stock in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lowered SLR Investment from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $15.50 to $15.00 in a report on Monday, July 29th. Finally, StockNews.com initiated coverage on shares of SLR Investment in a research note on Tuesday, July 23rd. They issued a "hold" rating on the stock. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $15.13.
Check Out Our Latest Analysis on SLR Investment
Shares of SLR Investment stock opened at $15.12 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.04 and a quick ratio of 1.04. SLR Investment Corp. has a one year low of $14.41 and a one year high of $16.77. The business's 50 day simple moving average is $15.31 and its two-hundred day simple moving average is $15.66. The stock has a market capitalization of $824.95 million, a P/E ratio of 8.13 and a beta of 1.12.
SLR Investment (NASDAQ:SLRC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. The company had revenue of $58.98 million during the quarter, compared to analyst estimates of $58.23 million. SLR Investment had a net margin of 42.99% and a return on equity of 9.65%. During the same period in the prior year, the business posted $0.42 EPS. Analysts forecast that SLR Investment Corp. will post 1.75 EPS for the current year.
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.
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