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

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

A number of other hedge funds also recently modified their holdings of SLRC. Creative Planning purchased a new stake in shares of SLR Investment in the third quarter valued at $170,000. Raymond James & Associates lifted its holdings in shares of SLR Investment by 11.5% in the third quarter. Raymond James & Associates now owns 251,495 shares of the financial services provider's stock valued at $3,785,000 after purchasing an additional 26,030 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of SLR Investment by 1,683.6% in 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 purchasing an additional 36,382 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted 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 valued at $1,714,000 after purchasing an additional 59,492 shares in the last quarter. Finally, Pullen Investment Management LLC lifted its holdings in shares of SLR Investment by 10.6% in the third quarter. Pullen Investment Management LLC now owns 61,264 shares of the financial services provider's stock valued at $922,000 after purchasing an additional 5,893 shares in the last quarter. Hedge funds and other institutional investors own 35.32% of the company's stock.

SLR Investment Stock Down 0.5 %

Shares of NASDAQ:SLRC traded down $0.09 during midday trading on Friday, hitting $17.65. 150,901 shares of the stock were exchanged, compared to its average volume of 151,065. 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 $17.85. The business's fifty day simple moving average is $16.68 and its two-hundred day simple moving average is $16.00. The company has a market capitalization of $972.16 million, a PE ratio of 9.97 and a beta of 1.14.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company increased their target price on SLR Investment from $12.50 to $13.00 and gave the company an "underweight" rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus 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.