Wiley BROS. Aintree Capital LLC decreased its holdings in SLR Investment Corp. (NASDAQ:SLRC – Free Report) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,535 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. Wiley BROS. Aintree Capital LLC’s holdings in SLR Investment were worth $364,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of SLRC. Envestnet Asset Management Inc. purchased a new stake in SLR Investment during the 1st quarter valued at approximately $197,000. PNC Financial Services Group Inc. lifted its holdings in shares of SLR Investment by 140.3% during the first quarter. PNC Financial Services Group Inc. now owns 31,959 shares of the financial services provider’s stock worth $580,000 after purchasing an additional 18,660 shares during the period. Blair William & Co. IL grew its position in SLR Investment by 38.7% in the 1st quarter. Blair William & Co. IL now owns 73,606 shares of the financial services provider’s stock valued at $1,334,000 after buying an additional 20,529 shares during the last quarter. Sei Investments Co. grew its position in SLR Investment by 2.1% in the 1st quarter. Sei Investments Co. now owns 302,464 shares of the financial services provider’s stock valued at $5,483,000 after buying an additional 6,102 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in SLR Investment by 15.4% in the 1st quarter. Mackenzie Financial Corp now owns 85,653 shares of the financial services provider’s stock valued at $1,553,000 after buying an additional 11,434 shares during the period. Institutional investors and hedge funds own 30.23% of the company’s stock.
Insider Buying and Selling
In other SLR Investment news, insider Michael S. Gross purchased 20,000 shares of SLR Investment stock in a transaction on Monday, August 21st. The shares were bought at an average price of $15.02 per share, with a total value of $300,400.00. Following the completion of the acquisition, the insider now directly owns 163,347 shares of the company’s stock, valued at $2,453,471.94. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Michael S. Gross acquired 14,442 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was acquired at an average price of $15.04 per share, with a total value of $217,207.68. Following the completion of the transaction, the insider now directly owns 197,789 shares in the company, valued at approximately $2,974,746.56. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael S. Gross bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average price of $15.02 per share, for a total transaction of $300,400.00. Following the transaction, the insider now owns 163,347 shares of the company’s stock, valued at approximately $2,453,471.94. The disclosure for this purchase can be found here. Insiders have acquired 74,442 shares of company stock worth $1,120,108 in the last three months. Corporate insiders own 7.40% of the company’s stock.
Wall Street Analyst Weigh In
SLR Investment Price Performance
SLR Investment stock traded up $0.14 during mid-day trading on Thursday, reaching $15.49. The company had a trading volume of 49,652 shares, compared to its average volume of 211,675. The stock’s 50-day simple moving average is $15.00 and its 200-day simple moving average is $14.67. SLR Investment Corp. has a 1 year low of $12.08 and a 1 year high of $16.08. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $845.06 million, a P/E ratio of 14.08 and a beta of 1.12.
SLR Investment (NASDAQ:SLRC – Get Free Report) last released its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The business had revenue of $56.34 million for the quarter, compared to analysts’ expectations of $54.81 million. SLR Investment had a return on equity of 8.81% and a net margin of 27.57%. On average, equities analysts predict that SLR Investment Corp. will post 1.69 EPS for the current year.
SLR Investment Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Wednesday, September 20th will be paid a dividend of $0.137 per share. This represents a $1.64 annualized dividend and a dividend yield of 10.61%. The ex-dividend date of this dividend is Tuesday, September 19th. SLR Investment’s dividend payout ratio (DPR) is presently 150.46%.
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.
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