NewEdge Wealth LLC Sells 4,218 Shares of SLR Investment Corp. (NASDAQ:SLRC)

NewEdge Wealth LLC decreased its holdings in SLR Investment Corp. (NASDAQ:SLRC) by 3.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 126,851 shares of the financial services provider’s stock after selling 4,218 shares during the period. NewEdge Wealth LLC owned approximately 0.23% of SLR Investment worth $2,050,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of SLR Investment during the 3rd quarter valued at $90,000. Westend Capital Management LLC boosted its holdings in shares of SLR Investment by 71.3% during the 4th quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 3,082 shares in the last quarter. Creative Planning acquired a new stake in shares of SLR Investment during the 3rd quarter valued at $170,000. MQS Management LLC acquired a new stake in shares of SLR Investment during the 3rd quarter valued at $197,000. Finally, Paloma Partners Management Co acquired a new stake in shares of SLR Investment during the 3rd quarter valued at $210,000. Institutional investors own 35.32% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company raised their price objective on SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $15.25.

SLR Investment Stock Up 2.1 %

Shares of SLRC opened at $17.63 on Friday. The company has a market capitalization of $961.89 million, a PE ratio of 9.96 and a beta of 1.14. SLR Investment Corp. has a 12 month low of $14.41 and a 12 month high of $17.85. The stock’s 50-day moving average price is $16.82 and its two-hundred day moving average price is $16.09. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Tuesday, February 25th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $55.58 million for the quarter, compared to the consensus estimate of $57.08 million. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. On average, analysts anticipate that SLR Investment Corp. will post 1.76 EPS for the current year.

SLR Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 9.30%. The ex-dividend date of this dividend is Friday, March 14th. SLR Investment’s payout ratio is presently 93.71%.

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.