Natixis Advisors LLC Sells 1,929 Shares of SLR Investment Corp. (NASDAQ:SLRC)

Natixis Advisors LLC lessened its stake in SLR Investment Corp. (NASDAQ:SLRC) by 13.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,774 shares of the financial services provider’s stock after selling 1,929 shares during the quarter. Natixis Advisors LLC’s holdings in SLR Investment were worth $206,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in SLR Investment in the fourth quarter worth $4,565,000. Empirical Asset Management LLC purchased a new stake in SLR Investment in the 4th quarter worth about $3,895,000. Strategic Financial Concepts LLC purchased a new stake in SLR Investment in the 4th quarter worth about $1,902,000. Epiq Partners LLC bought a new stake in SLR Investment in the 4th quarter valued at about $1,047,000. Finally, Van ECK Associates Corp lifted its holdings in SLR Investment by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 1,044,152 shares of the financial services provider’s stock valued at $16,874,000 after purchasing an additional 44,861 shares during the last quarter. Hedge funds and other institutional investors own 35.32% of the company’s stock.

SLR Investment Trading Down 0.3 %

Shares of SLRC opened at $17.15 on Friday. SLR Investment Corp. has a twelve month low of $14.41 and a twelve month high of $17.94. The stock has a market cap of $935.70 million, a PE ratio of 9.69 and a beta of 1.13. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11. The business’s 50-day moving average price is $17.17 and its 200-day moving average price is $16.31.

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

SLR Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 9.56%. The ex-dividend date of this dividend was Friday, March 14th. SLR Investment’s dividend payout ratio is 93.71%.

Wall Street Analysts Forecast Growth

SLRC has been the topic of several research reports. Compass Point boosted their price target on shares of SLR Investment from $16.50 to $17.25 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Keefe, Bruyette & Woods boosted their target price on shares of SLR Investment from $16.00 to $17.00 and gave the company a “market perform” rating in a report on Tuesday, March 4th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.85.

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.