11,810 Shares in SLR Investment Corp. (NASDAQ:SLRC) Acquired by XTX Topco Ltd

XTX Topco Ltd purchased a new position in SLR Investment Corp. (NASDAQ:SLRC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,810 shares of the financial services provider’s stock, valued at approximately $191,000.

A number of other institutional investors also recently added to or reduced their stakes in SLRC. Westend Capital Management LLC lifted its stake in 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 acquiring an additional 3,082 shares during the last quarter. Wells Fargo & Company MN lifted its stake in SLR Investment by 39.8% in the fourth quarter. Wells Fargo & Company MN now owns 12,480 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 3,551 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in SLR Investment by 11.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 14,090 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 1,432 shares during the last quarter. Jane Street Group LLC lifted its stake in SLR Investment by 15.0% in the third quarter. Jane Street Group LLC now owns 15,541 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 2,022 shares during the last quarter. Finally, HB Wealth Management LLC purchased a new position in SLR Investment in the fourth quarter worth approximately $243,000. Hedge funds and other institutional investors own 35.32% of the company’s stock.

SLR Investment Stock Performance

Shares of SLR Investment stock opened at $15.77 on Tuesday. The firm’s fifty day simple moving average is $16.41 and its 200-day simple moving average is $16.36. The stock has a market capitalization of $860.41 million, a price-to-earnings ratio of 8.91 and a beta of 0.90. SLR Investment Corp. has a 12 month low of $13.64 and a 12 month high of $17.94. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06.

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

SLR Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.41 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.64 dividend on an annualized basis and a yield of 10.40%. SLR Investment’s dividend payout ratio (DPR) is 93.71%.

Analysts Set New Price Targets

A number of analysts have weighed in on SLRC shares. JPMorgan Chase & Co. cut their price objective on shares of SLR Investment from $16.50 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company cut their price objective on shares of SLR Investment from $13.00 to $12.00 and set an “underweight” rating on the stock in a report on Monday. Keefe, Bruyette & Woods raised their price objective on shares of SLR Investment from $16.00 to $17.00 and gave the stock a “market perform” rating in a report on Tuesday, March 4th. Finally, Compass Point raised their price objective on shares of SLR Investment from $16.50 to $17.25 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.65.

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.