Strategic Financial Concepts LLC Acquires New Position in SLR Investment Corp. (NASDAQ:SLRC)

Strategic Financial Concepts LLC acquired a new stake in SLR Investment Corp. (NASDAQ:SLRC) 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. International Assets Investment Management LLC increased its holdings in 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 buying an additional 36,382 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in SLR Investment by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 1,336,411 shares of the financial services provider’s stock valued at $20,113,000 after acquiring an additional 4,510 shares during the period. Creative Planning acquired a new position in SLR Investment in the third quarter valued at approximately $170,000. Jane Street Group LLC boosted its stake 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 valued at $234,000 after acquiring an additional 2,022 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new position in SLR Investment in the second quarter valued at approximately $786,000. 35.32% of the stock is owned by institutional investors.

SLR Investment Stock Performance

Shares of NASDAQ SLRC opened at $17.07 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. The stock has a 50 day simple moving average of $16.53 and a 200-day simple moving average of $15.87. The company has a market cap of $931.34 million, a PE ratio of 9.64 and a beta of 1.14. SLR Investment Corp. has a 12-month low of $14.41 and a 12-month high of $17.13.

Wall Street Analyst Weigh In

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