Samalin Investment Counsel LLC Buys 1,973 Shares of SLR Investment Corp. (NASDAQ:SLRC)

Samalin Investment Counsel LLC boosted its stake in shares of SLR Investment Corp. (NASDAQ:SLRC) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,120 shares of the financial services provider’s stock after purchasing an additional 1,973 shares during the quarter. Samalin Investment Counsel LLC’s holdings in SLR Investment were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in SLR Investment in the fourth quarter valued at about $4,565,000. Empirical Asset Management LLC purchased a new stake in SLR Investment in the fourth quarter valued at about $3,895,000. Strategic Financial Concepts LLC purchased a new stake in SLR Investment in the fourth quarter valued at about $1,902,000. Epiq Partners LLC purchased a new stake in SLR Investment in the fourth quarter valued at about $1,047,000. Finally, Van ECK Associates Corp raised its stake in SLR Investment by 4.5% in the fourth quarter. Van ECK Associates Corp now owns 1,044,152 shares of the financial services provider’s stock valued at $16,874,000 after buying an additional 44,861 shares during the last quarter. Institutional investors own 35.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SLRC. Keefe, Bruyette & Woods raised their price objective on SLR Investment from $16.00 to $17.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 4th. Compass Point raised their target price on SLR Investment from $16.50 to $17.25 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.85.

SLR Investment Stock Performance

Shares of NASDAQ:SLRC opened at $16.89 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50 day moving average price is $17.11 and its 200-day moving average price is $16.27. The firm has a market capitalization of $921.52 million, a PE ratio of 9.54 and a beta of 1.13. SLR Investment Corp. has a 1 year low of $14.41 and a 1 year high of $17.94.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $55.58 million for the quarter, compared to analyst estimates of $57.08 million. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. As a group, equities research analysts expect that SLR Investment Corp. will post 1.76 earnings per share for the current fiscal year.

SLR Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.71%. The ex-dividend date of this dividend is Friday, March 14th. SLR Investment’s dividend payout ratio is presently 93.71%.

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.