Cambridge Investment Research Advisors Inc. Sells 8,382 Shares of SLR Investment Corp. (NASDAQ:SLRC)

Cambridge Investment Research Advisors Inc. lessened its stake in SLR Investment Corp. (NASDAQ:SLRC – Get Rating) by 19.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,080 shares of the financial services provider’s stock after selling 8,382 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.06% of SLR Investment worth $488,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in SLR Investment in the 1st quarter worth approximately $29,000. Tower Research Capital LLC TRC grew its position in shares of SLR Investment by 614.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,323 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 1,998 shares during the period. Quantbot Technologies LP bought a new stake in shares of SLR Investment during the 2nd quarter valued at $30,000. Eagle Bay Advisors LLC grew its position in shares of SLR Investment by 86.8% during the 3rd quarter. Eagle Bay Advisors LLC now owns 3,770 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,752 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of SLR Investment during the 4th quarter valued at $112,000. Institutional investors own 33.85% of the company’s stock.

Insider Activity at SLR Investment

In other news, insider Michael S. Gross purchased 50,443 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The shares were bought at an average cost of $15.57 per share, for a total transaction of $785,397.51. Following the acquisition, the insider now owns 3,131,353 shares of the company’s stock, valued at approximately $48,755,166.21. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Shiraz Kajee bought 7,500 shares of the company’s stock in a transaction on Friday, May 12th. The shares were acquired at an average cost of $13.57 per share, for a total transaction of $101,775.00. Following the purchase, the insider now directly owns 7,500 shares of the company’s stock, valued at $101,775. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael S. Gross bought 50,443 shares of the company’s stock in a transaction on Friday, March 3rd. The stock was bought at an average price of $15.57 per share, for a total transaction of $785,397.51. Following the completion of the purchase, the insider now directly owns 3,131,353 shares in the company, valued at $48,755,166.21. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 145,865 shares of company stock worth $2,276,018. Insiders own 7.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on SLRC shares. Wells Fargo & Company lifted their target price on shares of SLR Investment from $12.00 to $12.50 and gave the company an “underweight” rating in a research note on Thursday, March 2nd. Compass Point cut shares of SLR Investment from a “buy” rating to a “neutral” rating and set a $15.75 target price on the stock. in a research note on Monday, February 6th. TheStreet cut shares of SLR Investment from a “b” rating to a “c” rating in a research note on Monday, May 1st. Finally, StockNews.com cut shares of SLR Investment from a “hold” rating to a “sell” rating in a research note on Friday, May 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.38.

SLR Investment Stock Performance

SLR Investment stock opened at $13.88 on Friday. The company’s 50-day moving average price is $14.43 and its 200-day moving average price is $14.64. SLR Investment Corp. has a twelve month low of $12.08 and a twelve month high of $16.10. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.13. The company has a market cap of $757.29 million, a PE ratio of 30.84 and a beta of 1.13.

SLR Investment (NASDAQ:SLRC – Get Rating) last posted its earnings results on Tuesday, February 28th. The financial services provider reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. SLR Investment had a net margin of 11.97% and a return on equity of 8.49%. The firm had revenue of $54.15 million for the quarter, compared to the consensus estimate of $54.73 million. On average, equities research analysts forecast that SLR Investment Corp. will post 1.69 EPS for the current fiscal year.

SLR Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, June 1st. Investors of record on Wednesday, May 24th will be issued a dividend of $0.137 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $1.64 annualized dividend and a yield of 11.84%. SLR Investment’s payout ratio is 364.44%.

SLR Investment Profile

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SLR Investment Corp. is a closed-end investment company. It provides financing for equity, debt and senior secured loans for working capital, acquisition, refinancing and growth capital requirements. It makes control investments.