Macquarie Group Ltd. grew its position in shares of Solar Capital Ltd. (NASDAQ:SLRC) by 295.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 38,315 shares of the financial services provider’s stock after buying an additional 28,630 shares during the quarter. Macquarie Group Ltd.’s holdings in Solar Capital were worth $774,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in SLRC. Northern Trust Corp lifted its holdings in Solar Capital by 11.7% during the 2nd quarter. Northern Trust Corp now owns 10,412 shares of the financial services provider’s stock worth $228,000 after buying an additional 1,088 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Solar Capital by 376.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 47,194 shares of the financial services provider’s stock worth $1,021,000 after purchasing an additional 37,280 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Solar Capital by 15.2% in the 3rd quarter. Legal & General Group Plc now owns 124,596 shares of the financial services provider’s stock worth $2,697,000 after purchasing an additional 16,431 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Solar Capital by 3.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 520,778 shares of the financial services provider’s stock worth $11,259,000 after purchasing an additional 15,314 shares during the last quarter. Finally, OxFORD Asset Management LLP lifted its holdings in shares of Solar Capital by 3.4% in the 3rd quarter. OxFORD Asset Management LLP now owns 71,054 shares of the financial services provider’s stock worth $1,522,000 after purchasing an additional 2,352 shares during the last quarter. 61.78% of the stock is currently owned by institutional investors.
Shares of Solar Capital stock opened at $20.64 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $872.27, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 2.33 and a beta of 0.54. Solar Capital Ltd. has a 1-year low of $19.70 and a 1-year high of $22.94.
Several analysts recently issued reports on the company. National Securities reissued a “buy” rating and issued a $25.00 price target on shares of Solar Capital in a report on Friday, February 2nd. BidaskClub downgraded Solar Capital from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 13th. JMP Securities raised Solar Capital from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 16th. Zacks Investment Research raised Solar Capital from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods raised Solar Capital from a “market perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a report on Friday, January 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Solar Capital presently has an average rating of “Hold” and a consensus price target of $23.67.
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About Solar Capital
Solar Capital Ltd is a business development company that seeks investment opportunities in middle market companies located in the US. The fund targets companies operating in the fields of aerospace & defense, automobile, banking, beverage, food & tobacco, buildings & real estate, broadcasting & entertainment, cargo transport, chemicals, plastics & rubber, containers, packaging & glass, diversified or conglomerate manufacturing, diversified financial services, electronics, farming & agriculture, finance, grocery, healthcare, education & childcare, home, office furnishings & durable consumer products, hotels, motels, inns & gaming, insurance, IT services, leisure, amusement & entertainment, machinery, mining, steel, iron & non-precious metals, personal & nondurable consumer products, personal, food &services, personal transportation, professional services, retail stores, software, telecommunications, textiles and leather, and utilities.
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