Montag A & Associates Inc. Has $738,000 Stock Holdings in SLR Investment Corp. (NASDAQ:SLRC)

Montag A & Associates Inc. trimmed its stake in shares of SLR Investment Corp. (NASDAQ:SLRC) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,667 shares of the financial services provider’s stock after selling 3,119 shares during the quarter. Montag A & Associates Inc. owned approximately 0.08% of SLR Investment worth $738,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Van ECK Associates Corp increased its position in SLR Investment by 4.5% during the 4th quarter. Van ECK Associates Corp now owns 1,044,152 shares of the financial services provider’s stock worth $16,874,000 after purchasing an additional 44,861 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in SLR Investment during the 4th quarter worth approximately $1,902,000. Chicago Partners Investment Group LLC grew its holdings in SLR Investment by 2.1% during the 4th quarter. Chicago Partners Investment Group LLC now owns 30,884 shares of the financial services provider’s stock worth $504,000 after acquiring an additional 627 shares during the last quarter. Epiq Partners LLC bought a new stake in SLR Investment during the 4th quarter worth approximately $1,047,000. Finally, Flagship Harbor Advisors LLC grew its holdings in SLR Investment by 12.7% during the 4th quarter. Flagship Harbor Advisors LLC now owns 16,100 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 1,820 shares during the last quarter. 35.32% of the stock is currently owned by institutional investors and hedge funds.

SLR Investment Trading Up 1.2 %

NASDAQ:SLRC opened at $17.60 on Monday. The firm’s fifty day moving average is $16.58 and its 200-day moving average is $15.92. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. SLR Investment Corp. has a 52 week low of $14.41 and a 52 week high of $17.63. The firm has a market cap of $960.26 million, a P/E ratio of 9.94 and a beta of 1.14.

Analysts Set New Price Targets

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