According to Zacks, “Solar Senior Capital Ltd. operates as a business development company under the Investment Company Act of 1940. The Company invests primarily in senior secured loans, including first lien, unitranche and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade. “
Other analysts also recently issued reports about the stock. TheStreet downgraded shares of Solar Senior Capital from a buy rating to a hold rating in a research report on Friday, September 9th. Citigroup Inc. upped their price objective on shares of Solar Senior Capital from $14.00 to $16.00 and gave the stock a neutral rating in a report on Thursday, August 4th. Finally, Ladenburg Thalmann downgraded shares of Solar Senior Capital from a buy rating to a neutral rating in a report on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $16.67.
Shares of Solar Senior Capital (NASDAQ:SUNS) traded up 0.2478% during midday trading on Wednesday, hitting $16.1399. 30,061 shares of the company were exchanged. Solar Senior Capital has a one year low of $12.80 and a one year high of $17.09. The stock’s 50-day moving average is $16.45 and its 200-day moving average is $15.88.
Solar Senior Capital (NASDAQ:SUNS) last posted its earnings results on Tuesday, August 2nd. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Solar Senior Capital had a net margin of 27.85% and a return on equity of 8.45%. Equities analysts anticipate that Solar Senior Capital will post $1.41 earnings per share for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 1st. Investors of record on Thursday, October 20th will be issued a dividend of $0.1175 per share. This represents a $1.41 annualized dividend and a dividend yield of 8.76%. The ex-dividend date is Tuesday, October 18th. Solar Senior Capital’s dividend payout ratio is currently 227.42%.
Several hedge funds have recently bought and sold shares of SUNS. Nuveen Fund Advisors LLC bought a new stake in shares of Solar Senior Capital during the second quarter worth $820,000. Advisors Asset Management Inc. increased its stake in shares of Solar Senior Capital by 18.5% in the second quarter. Advisors Asset Management Inc. now owns 256,377 shares of the company’s stock worth $4,130,000 after buying an additional 40,105 shares during the period. Burnham Asset Management Corp NY bought a new stake in shares of Solar Senior Capital during the second quarter worth $435,000. Guggenheim Capital LLC increased its stake in shares of Solar Senior Capital by 53.4% in the second quarter. Guggenheim Capital LLC now owns 57,871 shares of the company’s stock worth $932,000 after buying an additional 20,135 shares during the period. Finally, Eagle Global Advisors LLC bought a new stake in shares of Solar Senior Capital during the second quarter worth $324,000. 16.71% of the stock is owned by institutional investors and hedge funds.
Solar Senior Capital Company Profile
Solar Senior Capital Ltd. (SUNS) is a management investment company. The Company’s investment objective is to seek to maximize current income consistent with the preservation of capital. It invests in senior loans, including first lien and second lien debt instruments. It also invests in debt of public companies that are thinly traded.
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