Atria Wealth Solutions Inc. Cuts Position in SLR Investment Corp. (NASDAQ:SLRC)

Atria Wealth Solutions Inc. lowered its position in shares of SLR Investment Corp. (NASDAQ:SLRC) by 3.2% in the fourth quarter, Holdings Channel reports. The firm owned 39,612 shares of the financial services provider’s stock after selling 1,300 shares during the period. Atria Wealth Solutions Inc.’s holdings in SLR Investment were worth $640,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quantbot Technologies LP acquired a new stake in SLR Investment in the 3rd quarter valued at $90,000. Westend Capital Management LLC boosted its position in shares of SLR Investment by 71.3% in the fourth quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock worth $120,000 after buying an additional 3,082 shares during the period. Creative Planning purchased a new stake in shares of SLR Investment in the third quarter worth about $170,000. MQS Management LLC acquired a new stake in shares of SLR Investment in the third quarter valued at about $197,000. Finally, Paloma Partners Management Co purchased a new stake in shares of SLR Investment during the 3rd quarter valued at about $210,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

SLR Investment Stock Performance

NASDAQ:SLRC opened at $17.20 on Thursday. SLR Investment Corp. has a 1-year low of $14.41 and a 1-year high of $17.85. The stock has a market cap of $938.43 million, a P/E ratio of 9.72 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50-day moving average of $16.76 and a two-hundred day moving average of $16.05.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The firm had revenue of $55.58 million during the quarter, compared to analyst estimates of $57.08 million. On average, research analysts expect that SLR Investment Corp. will post 1.76 earnings per share for the current fiscal year.

SLR Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.41 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.53%. SLR Investment’s dividend payout ratio (DPR) is presently 92.66%.

Wall Street Analysts Forecast Growth

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