Campbell Capital Management Inc. Purchases Shares of 33,000 SLR Investment Corp. (NASDAQ:SLRC)

Campbell Capital Management Inc. purchased a new stake in SLR Investment Corp. (NASDAQ:SLRC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 33,000 shares of the financial services provider’s stock, valued at approximately $533,000. Campbell Capital Management Inc. owned about 0.06% of SLR Investment at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in SLR Investment by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,336,411 shares of the financial services provider’s stock valued at $20,113,000 after buying an additional 4,510 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of SLR Investment by 4.5% during the 4th quarter. Van ECK Associates Corp now owns 1,044,152 shares of the financial services provider’s stock worth $16,874,000 after purchasing an additional 44,861 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of SLR Investment during the 4th quarter worth about $4,565,000. Empirical Asset Management LLC acquired a new position in shares of SLR Investment during the 4th quarter worth about $3,895,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of SLR Investment by 8.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 209,754 shares of the financial services provider’s stock worth $3,390,000 after purchasing an additional 15,859 shares during the last quarter. 35.32% of the stock is currently owned by institutional investors and hedge funds.

SLR Investment Stock Down 1.0 %

Shares of SLRC opened at $16.72 on Friday. SLR Investment Corp. has a 52 week low of $14.41 and a 52 week high of $17.94. The firm has a market cap of $912.24 million, a P/E ratio of 9.45 and a beta of 1.13. The firm’s 50-day simple moving average is $17.04 and its 200 day simple moving average is $16.21. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06.

SLR Investment (NASDAQ:SLRC) last announced its quarterly 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. 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, analysts forecast that SLR Investment Corp. will post 1.76 earnings per share for the current year.

SLR Investment Announces Dividend

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 of this dividend is Friday, March 14th. This represents a $1.64 dividend on an annualized basis and a yield of 9.81%. SLR Investment’s dividend payout ratio (DPR) is currently 93.71%.

Analysts Set New Price Targets

SLRC has been the topic of several recent analyst reports. Compass Point boosted their price objective on shares of SLR Investment from $16.50 to $17.25 and gave the stock a “neutral” rating in a research note on Tuesday. Keefe, Bruyette & Woods boosted their price objective on shares of SLR Investment from $16.00 to $17.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.