Pullen Investment Management LLC Has $922,000 Stock Holdings in SLR Investment Corp. (NASDAQ:SLRC)

Pullen Investment Management LLC lifted its stake in shares of SLR Investment Corp. (NASDAQ:SLRC) by 10.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,264 shares of the financial services provider’s stock after purchasing an additional 5,893 shares during the quarter. Pullen Investment Management LLC owned 0.11% of SLR Investment worth $922,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new stake in SLR Investment during the second quarter worth about $35,000. EverSource Wealth Advisors LLC bought a new stake in shares of SLR Investment during the 2nd quarter worth approximately $47,000. Creative Planning acquired a new stake in shares of SLR Investment during the 3rd quarter worth approximately $170,000. Mercer Global Advisors Inc. ADV bought a new position in SLR Investment in the second quarter valued at approximately $210,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in SLR Investment during the first quarter valued at approximately $296,000. Institutional investors own 35.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SLRC shares. JPMorgan Chase & Co. lowered SLR Investment from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $15.50 to $15.00 in a research note on Monday, July 29th. StockNews.com assumed coverage on SLR Investment in a research report on Tuesday, July 23rd. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company increased their target price on shares of SLR Investment from $12.50 to $13.00 and gave the stock an “underweight” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat, SLR Investment has a consensus rating of “Hold” and an average price target of $15.25.

SLR Investment Trading Down 0.4 %

NASDAQ SLRC opened at $15.42 on Friday. The company has a market cap of $841.32 million, a price-to-earnings ratio of 8.29 and a beta of 1.13. SLR Investment Corp. has a twelve month low of $13.93 and a twelve month high of $16.77. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.16. The business’s fifty day moving average is $15.32 and its 200 day moving average is $15.64.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. SLR Investment had a return on equity of 9.65% and a net margin of 42.99%. The firm had revenue of $58.98 million for the quarter, compared to analyst estimates of $58.23 million. During the same period last year, the firm posted $0.42 earnings per share. As a group, sell-side analysts expect that SLR Investment Corp. will post 1.74 EPS for the current fiscal year.

SLR Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.41 per share. The ex-dividend date was Friday, September 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.64%. SLR Investment’s dividend payout ratio (DPR) is presently 88.17%.

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.