Solar Senior Capital Ltd. (NASDAQ:SUNS) has earned a consensus broker rating score of 2.33 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Solar Senior Capital’s rating score has declined by 16.5% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 1-year consensus target price of $16.75 for the company and are anticipating that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also given Solar Senior Capital an industry rank of 203 out of 265 based on the ratings given to related companies.
Several analysts recently commented on the company. Zacks Investment Research raised Solar Senior Capital from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. TheStreet lowered Solar Senior Capital from a “buy” rating to a “hold” rating in a report on Friday, September 9th. Citigroup Inc. raised their target price on 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 lowered Solar Senior Capital from a “buy” rating to a “neutral” rating in a report on Thursday, August 4th.
Hedge funds have recently modified their holdings of the stock. Eagle Global Advisors LLC acquired a new stake in shares of Solar Senior Capital during the second quarter valued at approximately $324,000. Guggenheim Capital LLC raised 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 valued at $932,000 after buying an additional 20,135 shares during the last quarter. Nuveen Fund Advisors LLC acquired a new stake in shares of Solar Senior Capital during the second quarter valued at approximately $820,000. Burnham Asset Management Corp NY acquired a new stake in shares of Solar Senior Capital during the second quarter valued at approximately $435,000. Finally, Advisor Group Inc. acquired a new stake in shares of Solar Senior Capital during the second quarter valued at approximately $130,000. 16.71% of the stock is currently owned by institutional investors.
Shares of Solar Senior Capital (NASDAQ:SUNS) opened at 16.39 on Thursday. The stock’s 50 day moving average price is $16.41 and its 200 day moving average price is $15.93. Solar Senior Capital has a one year low of $12.80 and a one year high of $17.09.
Solar Senior Capital (NASDAQ:SUNS) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Solar Senior Capital had a return on equity of 8.45% and a net margin of 27.85%. On average, equities analysts predict that Solar Senior Capital will post $1.41 EPS for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Thursday, October 20th will be issued a $0.1175 dividend. This represents a $1.41 annualized dividend and a yield of 8.60%. The ex-dividend date of this dividend is Tuesday, October 18th. Solar Senior Capital’s payout ratio is currently 227.42%.
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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