MQS Management LLC Takes $197,000 Position in SLR Investment Corp. (NASDAQ:SLRC)

MQS Management LLC acquired a new stake in SLR Investment Corp. (NASDAQ:SLRC) in the third quarter, HoldingsChannel reports. The fund acquired 13,112 shares of the financial services provider’s stock, valued at approximately $197,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of SLR Investment during the 2nd quarter worth about $35,000. EverSource Wealth Advisors LLC acquired a new stake in shares of SLR Investment during the 2nd quarter worth about $47,000. Creative Planning acquired a new stake in shares of SLR Investment during the 3rd quarter worth about $170,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of SLR Investment during the 2nd quarter worth about $210,000. Finally, SG Americas Securities LLC acquired a new stake in shares of SLR Investment during the 1st quarter worth about $342,000. Institutional investors own 35.32% of the company’s stock.

SLR Investment Trading Up 1.4 %

Shares of SLR Investment stock opened at $16.16 on Friday. The firm has a market capitalization of $881.69 million, a PE ratio of 9.13 and a beta of 1.12. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. The firm’s 50 day moving average is $15.33 and its 200 day moving average is $15.69. SLR Investment Corp. has a 1 year low of $14.41 and a 1 year high of $16.77.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The company had revenue of $59.77 million for the quarter, compared to analyst estimates of $58.48 million. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. During the same period in the previous year, the firm posted $0.42 EPS. Equities research analysts forecast that SLR Investment Corp. will post 1.76 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 10.15%. The ex-dividend date is Friday, December 13th. SLR Investment’s dividend payout ratio (DPR) is presently 92.66%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com initiated coverage on shares of SLR Investment in a research note on Tuesday, July 23rd. They set a “hold” rating for the company. JPMorgan Chase & Co. cut shares of SLR Investment from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $15.50 to $15.00 in a research report on Monday, July 29th. Finally, Wells Fargo & Company boosted their target price on shares of SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.25.

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.