Van ECK Associates Corp Raises Stock Position in SLR Investment Corp. (NASDAQ:SLRC)

Van ECK Associates Corp raised its stake in shares of SLR Investment Corp. (NASDAQ:SLRC) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,044,152 shares of the financial services provider’s stock after buying an additional 44,861 shares during the period. Van ECK Associates Corp’s holdings in SLR Investment were worth $16,874,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Empirical Asset Management LLC bought a new position in SLR Investment in the fourth quarter valued at about $3,895,000. Strategic Financial Concepts LLC purchased a new stake in shares of SLR Investment during the 4th quarter valued at about $1,902,000. Epiq Partners LLC bought a new position in shares of SLR Investment in the 4th quarter worth approximately $1,047,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of SLR Investment by 109.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 113,893 shares of the financial services provider’s stock worth $1,714,000 after buying an additional 59,492 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in SLR Investment by 1,683.6% during the third quarter. International Assets Investment Management LLC now owns 38,543 shares of the financial services provider’s stock valued at $580,000 after buying an additional 36,382 shares during the period. 35.32% of the stock is currently owned by hedge funds and other institutional investors.

SLR Investment Trading Up 1.2 %

Shares of NASDAQ:SLRC opened at $17.60 on Friday. SLR Investment Corp. has a 12-month low of $14.41 and a 12-month high of $17.63. The company has a market cap of $960.26 million, a PE ratio of 9.94 and a beta of 1.14. The stock has a 50 day moving average of $16.58 and a 200 day moving average of $15.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company increased their price target on shares of SLR Investment from $12.50 to $13.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.