Sumitomo Mitsui Trust Group Inc. Acquires 121,432 Shares of SLR Investment Corp. $SLRC

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of SLR Investment Corp. (NASDAQ:SLRC) by 58.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 330,038 shares of the financial services provider’s stock after purchasing an additional 121,432 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in SLR Investment were worth $5,046,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in shares of SLR Investment during the third quarter valued at $38,000. Global Retirement Partners LLC acquired a new position in SLR Investment in the 3rd quarter worth about $65,000. Muzinich & Co. Inc. raised its holdings in shares of SLR Investment by 45.4% during the third quarter. Muzinich & Co. Inc. now owns 389,013 shares of the financial services provider’s stock valued at $5,948,000 after acquiring an additional 121,432 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of SLR Investment in the third quarter worth approximately $460,000. Finally, CWM LLC raised its stake in SLR Investment by 215.6% in the 3rd quarter. CWM LLC now owns 2,367 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,617 shares during the last quarter. Institutional investors and hedge funds own 35.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SLRC. JPMorgan Chase & Co. dropped their target price 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. Wall Street Zen upgraded shares of SLR Investment from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of SLR Investment in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods decreased their price objective on SLR Investment from $17.00 to $16.50 and set a “market perform” rating on the stock in a report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.04.

SLR Investment Stock Down 1.2%

SLR Investment stock opened at $15.35 on Friday. The stock’s fifty day moving average is $15.52 and its two-hundred day moving average is $15.72. 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 1.15, a quick ratio of 1.07 and a current ratio of 1.07.

SLR Investment (NASDAQ:SLRC) last posted its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). The firm had revenue of $56.99 million during the quarter, compared to analyst estimates of $56.33 million. SLR Investment had a net margin of 41.00% and a return on equity of 8.98%. On average, equities research analysts anticipate that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.

SLR Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were paid a $0.41 dividend. The ex-dividend date was Friday, December 12th. This represents a $1.64 annualized dividend and a dividend yield of 10.7%. SLR Investment’s dividend payout ratio (DPR) is 99.39%.

SLR Investment Profile

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.