Kelleher Financial Advisors Buys Shares of 14,651 SLR Investment Corp. (NASDAQ:SLRC)

Kelleher Financial Advisors bought a new stake in SLR Investment Corp. (NASDAQ:SLRC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 14,651 shares of the financial services provider’s stock, valued at approximately $209,000.

Several other large investors have also recently bought and sold shares of SLRC. Envestnet Asset Management Inc. purchased a new position in SLR Investment in the first quarter worth $197,000. PNC Financial Services Group Inc. increased its position in shares of SLR Investment by 140.3% in the first quarter. PNC Financial Services Group Inc. now owns 31,959 shares of the financial services provider’s stock valued at $580,000 after buying an additional 18,660 shares in the last quarter. Blair William & Co. IL increased its position in shares of SLR Investment by 38.7% in the first 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 in the last quarter. Sei Investments Co. boosted its stake in shares of SLR Investment by 2.1% during the first quarter. Sei Investments Co. now owns 302,464 shares of the financial services provider’s stock valued at $5,483,000 after acquiring an additional 6,102 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of SLR Investment by 15.4% during the first quarter. Mackenzie Financial Corp now owns 85,653 shares of the financial services provider’s stock valued at $1,553,000 after acquiring an additional 11,434 shares during the last quarter. Hedge funds and other institutional investors own 30.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SLRC. LADENBURG THALM/SH SH lowered SLR Investment from a “buy” rating to a “neutral” rating in a research note on Friday, August 11th. TheStreet raised SLR Investment from a “c” rating to a “b-” rating in a research note on Monday, August 21st. JPMorgan Chase & Co. raised their price target on SLR Investment from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, October 23rd. B. Riley began coverage on SLR Investment in a research note on Thursday, July 27th. They issued a “neutral” rating and a $15.00 price target on the stock. Finally, StockNews.com began coverage on SLR Investment in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.00.

SLR Investment Stock Performance

Shares of NASDAQ:SLRC opened at $14.91 on Friday. The company has a market cap of $813.49 million, a P/E ratio of 11.17 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 Corp. has a one year low of $13.48 and a one year high of $16.08. The business’s 50-day simple moving average is $14.93 and its 200 day simple moving average is $14.69.

SLR Investment Announces Dividend

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 issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $1.64 annualized dividend and a dividend yield of 11.00%. SLR Investment’s payout ratio is currently 123.31%.

Insider Activity at SLR Investment

In other SLR Investment news, insider Michael S. Gross acquired 20,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were bought at an average cost of $15.02 per share, for a total transaction of $300,400.00. Following 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 Securities & Exchange Commission, which can be accessed through this link. In other SLR Investment news, insider Michael S. Gross acquired 20,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were bought at an average cost of $15.02 per share, for a total transaction of $300,400.00. Following 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 Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael S. Gross acquired 14,442 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were acquired at an average price of $15.04 per share, for a total transaction of $217,207.68. Following the completion of the acquisition, the insider now directly owns 197,789 shares in the company, valued at $2,974,746.56. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 54,442 shares of company stock worth $818,108. 8.20% of the stock is currently owned by company insiders.

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.