North Ground Capital Makes New Investment in SLR Investment Corp. $SLRC

North Ground Capital purchased a new position in shares of SLR Investment Corp. (NASDAQ:SLRC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 168,000 shares of the financial services provider’s stock, valued at approximately $2,078,160. SLR Investment makes up about 0.0% of North Ground Capital’s holdings, making the stock its 14th biggest position. North Ground Capital owned about 0.31% of SLR Investment as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Clear Harbor Asset Management LLC acquired a new position in shares of SLR Investment in the 2nd quarter valued at $4,205,000. Allworth Financial LP purchased a new stake in SLR Investment in the 2nd quarter valued at about $93,000. NewEdge Wealth LLC bought a new stake in SLR Investment during the 2nd quarter worth approximately $1,256,000. BlackRock Inc. purchased a new stake in shares of SLR Investment during the second quarter worth about $2,513,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of SLR Investment during the second quarter valued at approximately $28,000. 35.32% of the stock is currently owned by institutional investors.

SLR Investment Stock Performance

Shares of SLR Investment stock traded up $0.06 during trading on Friday, hitting $12.54. 135,832 shares of the company’s stock traded hands, compared to its average volume of 381,310. SLR Investment Corp. has a 1 year low of $12.13 and a 1 year high of $16.83. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $684.12 million, a P/E ratio of 9.29 and a beta of 0.64. The business has a 50-day simple moving average of $12.76 and a 200-day simple moving average of $13.72.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. SLR Investment had a net margin of 35.20% and a return on equity of 7.96%. The company had revenue of $20.50 million during the quarter, compared to the consensus estimate of $48.82 million. As a group, analysts forecast that SLR Investment Corp. will post 1.31 EPS for the current year.

SLR Investment Announces Dividend

The business 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 annualized dividend and a dividend yield of 9.9%. SLR Investment’s dividend payout ratio is 91.85%.

Analyst Ratings Changes

SLRC has been the topic of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of SLR Investment from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Wall Street Zen lowered SLR Investment from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Zacks Research raised shares of SLR Investment from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. reduced their price objective on shares of SLR Investment from $13.50 to $12.00 and set an “underweight” rating for the company in a research note on Thursday, July 2nd. Finally, Weiss Ratings lowered SLR Investment from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.10.

SLR Investment Company 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.