Legal & General Group Plc Makes New Investment in SLR Investment Corp. $SLRC

Legal & General Group Plc bought a new stake in shares of SLR Investment Corp. (NASDAQ:SLRC) in the second quarter, Holdings Channel reports. The fund bought 446,125 shares of the financial services provider’s stock, valued at approximately $5,516,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Inspire Investing LLC raised its holdings in shares of SLR Investment by 2.3% during the 4th quarter. Inspire Investing LLC now owns 30,238 shares of the financial services provider’s stock valued at $467,000 after buying an additional 688 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of SLR Investment by 4.3% in the third quarter. Envestnet Asset Management Inc. now owns 19,902 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 824 shares during the last quarter. NewEdge Wealth LLC raised its stake in SLR Investment by 0.9% during the 4th quarter. NewEdge Wealth LLC now owns 96,455 shares of the financial services provider’s stock valued at $1,491,000 after buying an additional 881 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of SLR Investment by 0.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 157,089 shares of the financial services provider’s stock worth $2,429,000 after buying an additional 997 shares during the last quarter. Finally, Triad Investment Management grew its holdings in shares of SLR Investment by 0.8% in the first quarter. Triad Investment Management now owns 125,814 shares of the financial services provider’s stock worth $1,800,000 after acquiring an additional 1,000 shares during the period. 35.32% of the stock is owned by hedge funds and other institutional investors.

SLR Investment Trading Down 0.6%

Shares of SLR Investment stock opened at $12.63 on Friday. SLR Investment Corp. has a fifty-two week low of $12.13 and a fifty-two week high of $16.83. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $689.09 million, a P/E ratio of 9.36 and a beta of 0.64. The company has a fifty day moving average of $12.79 and a 200 day moving average of $13.63.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. SLR Investment had a return on equity of 7.96% and a net margin of 35.20%.The business had revenue of $20.50 million for the quarter, compared to analysts’ expectations of $48.82 million. On average, sell-side analysts anticipate that SLR Investment Corp. will post 1.31 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend is Friday, September 11th. SLR Investment’s dividend payout ratio (DPR) is 91.85%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen cut SLR Investment from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. dropped their target price on SLR Investment from $13.50 to $12.00 and set an “underweight” rating on the stock in a research report on Thursday, July 2nd. Weiss Ratings downgraded SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. B. Riley Financial lowered shares of SLR Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Zacks Research upgraded shares of SLR Investment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, SLR Investment presently has a consensus rating of “Hold” and a consensus target price of $14.10.

About SLR Investment

SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.

SLR Investment Corp.