GraniteShares Advisors LLC Has $1.43 Million Stake in SLR Investment Corp. (NASDAQ:SLRC)

GraniteShares Advisors LLC lowered its stake in shares of SLR Investment Corp. (NASDAQ:SLRC) by 1.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 99,866 shares of the financial services provider’s stock after selling 1,062 shares during the period. SLR Investment makes up approximately 1.3% of GraniteShares Advisors LLC’s portfolio, making the stock its 26th biggest holding. GraniteShares Advisors LLC owned about 0.18% of SLR Investment worth $1,425,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SLRC. Envestnet Asset Management Inc. bought a new position in shares of SLR Investment during the 1st quarter worth approximately $197,000. PNC Financial Services Group Inc. raised its holdings in shares of SLR Investment by 140.3% in the 1st 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 raised its holdings in shares of 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 worth $1,334,000 after purchasing an additional 20,529 shares during the period. Sei Investments Co. raised its holdings in shares of SLR Investment by 2.1% in the 1st quarter. Sei Investments Co. now owns 302,464 shares of the financial services provider’s stock worth $5,483,000 after purchasing an additional 6,102 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of SLR Investment by 15.4% in the 1st quarter. Mackenzie Financial Corp now owns 85,653 shares of the financial services provider’s stock worth $1,553,000 after purchasing an additional 11,434 shares during the period. Institutional investors own 30.23% of the company’s stock.

Analyst Upgrades and Downgrades

SLRC has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of SLR Investment from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, October 23rd. Wells Fargo & Company boosted their target price on shares of SLR Investment from $11.00 to $11.50 and gave the company an “underweight” rating in a report on Thursday, August 10th. StockNews.com initiated coverage on shares of SLR Investment in a report on Thursday, October 5th. They set a “hold” rating on the stock. TheStreet raised shares of SLR Investment from a “c” rating to a “b-” rating in a report on Monday, August 21st. Finally, LADENBURG THALM/SH SH cut shares of SLR Investment from a “buy” rating to a “neutral” rating in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, SLR Investment has an average rating of “Hold” and an average price target of $14.00.

SLR Investment Stock Up 1.3 %

Shares of NASDAQ:SLRC opened at $14.99 on Wednesday. SLR Investment Corp. has a 52-week low of $13.48 and a 52-week high of $16.08. The firm has a fifty day moving average of $14.94 and a 200 day moving average of $14.69. The firm has a market capitalization of $817.85 million, a PE ratio of 11.27 and a beta of 1.12. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.02 and a current ratio of 1.02.

SLR Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be given a $0.41 dividend. The ex-dividend date is Wednesday, December 13th. This represents a $1.64 annualized dividend and a yield of 10.94%. SLR Investment’s dividend payout ratio (DPR) is presently 123.31%.

Insider Buying and Selling

In other SLR Investment news, insider Michael S. Gross purchased 10,000 shares of the stock in a transaction on Thursday, September 7th. The stock was acquired at an average cost of $15.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the insider now directly owns 227,789 shares of the company’s stock, valued at approximately $3,416,835. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Guy Talarico acquired 20,000 shares of the stock in a transaction dated Thursday, August 17th. The stock was purchased at an average cost of $15.10 per share, with a total value of $302,000.00. Following the completion of the purchase, the insider now owns 31,899 shares in the company, valued at approximately $481,674.90. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael S. Gross acquired 10,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were purchased at an average cost of $15.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the insider now owns 227,789 shares of the company’s stock, valued at approximately $3,416,835. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 74,442 shares of company stock worth $1,120,108. Corporate insiders own 8.20% of the company’s stock.

SLR Investment 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.