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

Strategic Financial Concepts LLC acquired a new position in shares of SLR Investment Corp. (NASDAQ:SLRC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 117,680 shares of the financial services provider’s stock, valued at approximately $1,902,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP bought a new stake in SLR Investment during the third quarter worth approximately $90,000. Westend Capital Management LLC raised its holdings in SLR Investment by 71.3% during the fourth quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 3,082 shares in the last quarter. Creative Planning bought a new stake in SLR Investment during the third quarter worth approximately $170,000. MQS Management LLC bought a new stake in SLR Investment during the third quarter worth approximately $197,000. Finally, Paloma Partners Management Co bought a new stake in SLR Investment during the third quarter worth approximately $210,000. 35.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wells Fargo & Company boosted their target price on 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 given a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.25.

SLR Investment Price Performance

Shares of NASDAQ:SLRC opened at $17.07 on Tuesday. SLR Investment Corp. has a one year low of $14.41 and a one year high of $17.13. The stock has a fifty day moving average of $16.53 and a 200-day moving average of $15.87. The company has a market capitalization of $931.34 million, a PE ratio of 9.64 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06.

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.