AllSquare Wealth Management LLC reduced its stake in shares of Solar Senior Capital Ltd. (NASDAQ:SUNS) by 38.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,000 shares of the asset manager’s stock after selling 5,600 shares during the quarter. AllSquare Wealth Management LLC owned 0.06% of Solar Senior Capital worth $130,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in Solar Senior Capital during the fourth quarter worth about $39,000. Confluence Investment Management LLC lifted its stake in Solar Senior Capital by 5.5% during the fourth quarter. Confluence Investment Management LLC now owns 34,660 shares of the asset manager’s stock worth $501,000 after purchasing an additional 1,817 shares during the last quarter. Clear Harbor Asset Management LLC bought a new stake in Solar Senior Capital during the third quarter worth $33,000. Bank of America Corp DE boosted its holdings in shares of Solar Senior Capital by 267.4% in the 2nd quarter. Bank of America Corp DE now owns 9,061 shares of the asset manager’s stock valued at $117,000 after purchasing an additional 6,595 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of Solar Senior Capital by 9,256.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 526,965 shares of the asset manager’s stock valued at $702,000 after purchasing an additional 521,333 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.
Solar Senior Capital stock remained flat at $$14.89 during trading hours on Tuesday. The company’s stock had a trading volume of 353 shares, compared to its average volume of 64,040. The stock’s fifty day moving average price is $14.92 and its 200 day moving average price is $14.01. Solar Senior Capital Ltd. has a 52-week low of $6.30 and a 52-week high of $17.70. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $238.97 million, a price-to-earnings ratio of 18.38 and a beta of 1.38.
SUNS has been the subject of several research reports. TheStreet raised shares of Solar Senior Capital from a “c” rating to a “b-” rating in a research note on Wednesday, February 3rd. Maxim Group restated a “buy” rating and set a $19.00 price objective on shares of Solar Senior Capital in a research report on Friday, January 29th. Finally, Zacks Investment Research cut Solar Senior Capital from a “hold” rating to a “sell” rating in a report on Tuesday, January 5th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Solar Senior Capital currently has an average rating of “Buy” and a consensus price target of $15.67.
Solar Senior Capital Profile
Solar Senior Capital Ltd. is a business development company specializing in investments in leveraged, middle-market companies in the United States. The fund invests in the form of senior secured loans, including first lien, unitranche, and second lien debt instruments. It does not invest in start-up companies or companies having speculative business plans.
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