Tower Research Capital LLC TRC Has $55,000 Stock Position in SLR Investment Corp. (NASDAQ:SLRC)

Tower Research Capital LLC TRC grew its position in shares of SLR Investment Corp. (NASDAQ:SLRC) by 1,642.6% in the fourth quarter, HoldingsChannel reports. The fund owned 3,398 shares of the financial services provider’s stock after acquiring an additional 3,203 shares during the period. Tower Research Capital LLC TRC’s holdings in SLR Investment were worth $55,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SLRC. Westend Capital Management LLC boosted its position in 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 worth $120,000 after acquiring an additional 3,082 shares during the last quarter. XTX Topco Ltd acquired a new position in SLR Investment during the 4th quarter worth approximately $191,000. Wells Fargo & Company MN boosted its position in SLR Investment by 39.8% during the 4th 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. boosted its position in SLR Investment by 11.3% during the 4th 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. Finally, HB Wealth Management LLC acquired a new position in SLR Investment during the 4th quarter worth approximately $243,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

SLR Investment Trading Up 2.1%

Shares of SLR Investment stock opened at $16.13 on Tuesday. SLR Investment Corp. has a 12-month low of $13.64 and a 12-month high of $17.94. The stock has a market cap of $880.05 million, a P/E ratio of 9.11 and a beta of 0.75. 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 is $16.03 and its 200-day moving average is $16.38.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The business had revenue of $53.18 million for the quarter, compared to analysts’ expectations of $53.43 million. Equities research analysts predict that SLR Investment Corp. will post 1.76 earnings per share for the current fiscal year.

SLR Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 10.17%. The ex-dividend date is Friday, June 13th. SLR Investment’s dividend payout ratio (DPR) is presently 101.86%.

Analyst Ratings Changes

A number of equities analysts have weighed in on SLRC shares. JPMorgan Chase & Co. reduced their price target on SLR Investment from $16.50 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, April 24th. Raymond James dropped their price objective on SLR Investment from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Friday. Wells Fargo & Company dropped their price objective on SLR Investment from $13.00 to $12.00 and set an “underweight” rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods upped their price objective on SLR Investment from $16.00 to $17.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 4th. Finally, Compass Point upped their price objective on SLR Investment from $16.50 to $17.25 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, SLR Investment presently has an average rating of “Hold” and an average price target of $15.79.

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.