Westend Capital Management LLC Increases Stock Holdings in SLR Investment Corp. (NASDAQ:SLRC)

Westend Capital Management LLC boosted its stake in SLR Investment Corp. (NASDAQ:SLRC) by 71.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,406 shares of the financial services provider’s stock after acquiring an additional 3,082 shares during the quarter. Westend Capital Management LLC’s holdings in SLR Investment were worth $120,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SLRC. Confluence Investment Management LLC boosted its stake in shares of SLR Investment by 0.8% in the third quarter. Confluence Investment Management LLC now owns 186,928 shares of the financial services provider’s stock valued at $2,813,000 after purchasing an additional 1,556 shares during the period. Sunbelt Securities Inc. boosted its position in SLR Investment by 1.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 89,066 shares of the financial services provider’s stock valued at $1,433,000 after buying an additional 1,683 shares during the last quarter. Jane Street Group LLC grew its stake in shares of SLR Investment by 15.0% during the third quarter. Jane Street Group LLC now owns 15,541 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 2,022 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new stake in shares of SLR Investment during the second quarter worth about $47,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of SLR Investment by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 1,336,411 shares of the financial services provider’s stock worth $20,113,000 after acquiring an additional 4,510 shares in the last quarter. Institutional investors and hedge funds own 35.32% of the company’s stock.

SLR Investment Stock Performance

Shares of SLRC stock opened at $16.75 on Friday. The stock has a market capitalization of $913.88 million, a price-to-earnings ratio of 9.46 and a beta of 1.13. SLR Investment Corp. has a one year low of $14.41 and a one year high of $16.91. The company’s 50-day simple moving average is $16.39 and its 200-day simple moving average is $15.79. 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 issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. The company had revenue of $59.77 million during the quarter, compared to analyst estimates of $58.48 million. During the same quarter last year, the firm earned $0.42 EPS. Equities analysts anticipate that SLR Investment Corp. will post 1.76 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $0.41 per share. The ex-dividend date was Friday, December 13th. This represents a $1.64 annualized dividend and a yield of 9.79%. SLR Investment’s payout ratio is 92.66%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lifted their price objective on SLR Investment from $12.50 to $13.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $15.25.

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.