Condor Capital Management Has $5.52 Million Stock Holdings in SLR Investment Corp. $SLRC

Condor Capital Management lifted its holdings in shares of SLR Investment Corp. (NASDAQ:SLRC) by 2.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 341,820 shares of the financial services provider’s stock after buying an additional 9,156 shares during the period. Condor Capital Management owned about 0.63% of SLR Investment worth $5,517,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Apollon Wealth Management LLC acquired a new position in SLR Investment during the first quarter worth about $286,000. Raymond James Financial Inc. grew its holdings in shares of SLR Investment by 12.3% during the 1st quarter. Raymond James Financial Inc. now owns 317,325 shares of the financial services provider’s stock valued at $5,350,000 after purchasing an additional 34,813 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of SLR Investment by 222.3% during the 1st quarter. Mackenzie Financial Corp now owns 45,776 shares of the financial services provider’s stock valued at $772,000 after purchasing an additional 31,575 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in SLR Investment in the 1st quarter valued at approximately $31,000. Finally, Cetera Investment Advisers acquired a new stake in SLR Investment in the first quarter valued at approximately $617,000. 35.32% of the stock is currently owned by institutional investors.

SLR Investment Price Performance

Shares of SLRC opened at $15.32 on Friday. SLR Investment Corp. has a 1 year low of $13.64 and a 1 year high of $17.94. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $835.86 million, a price-to-earnings ratio of 9.46 and a beta of 0.73. The business has a 50-day moving average of $15.28 and a 200-day moving average of $15.96.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Tuesday, November 4th. The financial services provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). SLR Investment had a net margin of 39.93% and a return on equity of 9.26%. The company had revenue of $56.99 million during the quarter, compared to the consensus estimate of $56.33 million. As a group, equities research analysts anticipate that SLR Investment Corp. will post 1.76 earnings per share for the current year.

SLR Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, December 12th will be given a dividend of $0.41 per share. The ex-dividend date is Friday, December 12th. This represents a $1.64 annualized dividend and a dividend yield of 10.7%. SLR Investment’s dividend payout ratio is 99.39%.

Insiders Place Their Bets

In other news, Director Andrea Colvin Roberts bought 7,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average price of $16.73 per share, for a total transaction of $120,288.70. Following the completion of the acquisition, the director directly owned 7,190 shares in the company, valued at approximately $120,288.70. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 8.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of SLR Investment from $16.00 to $15.00 and set an “underweight” rating for the company in a report on Wednesday, October 1st. Weiss Ratings restated a “buy (b-)” rating on shares of SLR Investment in a research report on Tuesday, October 14th. Wells Fargo & Company reiterated an “underweight” rating and issued a $13.00 target price (up from $12.00) on shares of SLR Investment in a research report on Tuesday, August 12th. Finally, Wall Street Zen raised SLR Investment from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, SLR Investment presently has an average rating of “Hold” and an average target price of $16.11.

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.