Strategic Financial Concepts LLC Invests $1.90 Million in SLR Investment Corp. (NASDAQ:SLRC)

Strategic Financial Concepts LLC acquired a new stake in SLR Investment Corp. (NASDAQ:SLRC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 117,680 shares of the financial services provider's stock, valued at approximately $1,902,000. Strategic Financial Concepts LLC owned about 0.22% of SLR Investment as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC grew its holdings in shares of SLR Investment by 2.1% during the fourth quarter. Chicago Partners Investment Group LLC now owns 30,884 shares of the financial services provider's stock valued at $504,000 after purchasing an additional 627 shares during the last quarter. Kelleher Financial Advisors grew its holdings in SLR Investment by 8.6% in the 4th quarter. Kelleher Financial Advisors now owns 15,914 shares of the financial services provider's stock worth $257,000 after buying an additional 1,254 shares in the last quarter. Confluence Investment Management LLC grew its holdings in SLR Investment by 0.8% in the 3rd quarter. Confluence Investment Management LLC now owns 186,928 shares of the financial services provider's stock worth $2,813,000 after buying an additional 1,556 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in SLR Investment by 12.7% in the 4th quarter. Flagship Harbor Advisors LLC now owns 16,100 shares of the financial services provider's stock worth $260,000 after buying an additional 1,820 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in SLR Investment by 15.0% in the third quarter. Jane Street Group LLC now owns 15,541 shares of the financial services provider's stock worth $234,000 after purchasing an additional 2,022 shares during the period. 35.32% of the stock is owned by institutional investors.

SLR Investment Price Performance

Shares of NASDAQ:SLRC traded up $0.21 on Friday, reaching $17.60. 165,043 shares of the company traded hands, compared to its average volume of 148,961. SLR Investment Corp. has a fifty-two week low of $14.41 and a fifty-two week high of $17.63. The company's 50 day moving average is $16.58 and its 200-day moving average is $15.91. The stock has a market capitalization of $960.26 million, a PE ratio of 9.94 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06.

Analyst Ratings Changes

Separately, Wells Fargo & Company upped their target price on SLR Investment from $12.50 to $13.00 and gave the stock an "underweight" rating in a research 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 data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $15.25.

SLR Investment Profile

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.