SLR Investment Corp. $SLRC Shares Bought by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. grew its holdings in SLR Investment Corp. (NASDAQ:SLRC) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,708,772 shares of the financial services provider’s stock after acquiring an additional 75,341 shares during the quarter. Thornburg Investment Management Inc. owned 0.09% of SLR Investment worth $58,248,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Acadian Asset Management LLC lifted its position in SLR Investment by 173.3% during the 1st quarter. Acadian Asset Management LLC now owns 16,702 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 10,591 shares during the period. Cetera Investment Advisers boosted its holdings in SLR Investment by 11.7% in the second quarter. Cetera Investment Advisers now owns 40,901 shares of the financial services provider’s stock valued at $660,000 after purchasing an additional 4,295 shares during the last quarter. Quantbot Technologies LP purchased a new stake in SLR Investment in the second quarter valued at $190,000. Invesco Ltd. grew its position in SLR Investment by 18.0% during the 2nd quarter. Invesco Ltd. now owns 42,469 shares of the financial services provider’s stock worth $685,000 after purchasing an additional 6,464 shares during the period. Finally, Jump Financial LLC acquired a new stake in SLR Investment during the 2nd quarter worth about $782,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

SLR Investment Trading Up 0.3%

Shares of SLR Investment stock opened at $12.52 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.17. SLR Investment Corp. has a twelve month low of $12.13 and a twelve month high of $16.83. The firm has a market capitalization of $683.09 million, a PE ratio of 9.27 and a beta of 0.64. The firm’s 50-day moving average price is $12.76 and its 200 day moving average price is $13.71.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. SLR Investment had a return on equity of 7.96% and a net margin of 35.20%.The firm had revenue of $20.50 million during the quarter, compared to analysts’ expectations of $48.82 million. On average, sell-side analysts predict that SLR Investment Corp. will post 1.31 EPS 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. Stockholders of record on Friday, September 11th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.9%. SLR Investment’s dividend payout ratio is presently 91.85%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SLRC. B. Riley Financial cut SLR Investment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. 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 report on Thursday, July 2nd. Wells Fargo & Company reduced their price target on SLR Investment from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Thursday, May 7th. Zacks Research raised SLR Investment from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen lowered SLR Investment from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, SLR Investment has an average rating of “Hold” and an average target price of $14.10.

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.