Solar Senior Capital Ltd. (NASDAQ:SUNS) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $17.17.
A number of equities research analysts have recently issued reports on SUNS shares. Zacks Investment Research upgraded Solar Senior Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub upgraded Solar Senior Capital from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th.
Solar Senior Capital (NASDAQ SUNS) opened at 16.10 on Wednesday. Solar Senior Capital has a 52-week low of $15.06 and a 52-week high of $18.46. The firm has a 50-day moving average price of $16.74 and a 200 day moving average price of $17.31.
Solar Senior Capital (NASDAQ:SUNS) last released its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. The company had revenue of $7.66 million for the quarter, compared to the consensus estimate of $8.24 million. Solar Senior Capital had a return on equity of 7.98% and a net margin of 76.07%. On average, equities research analysts predict that Solar Senior Capital will post $1.35 EPS for the current year.
The business also recently announced a monthly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th were paid a $0.117 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.72%. Solar Senior Capital’s dividend payout ratio (DPR) is currently 94.63%.
Several hedge funds have recently bought and sold shares of SUNS. Advisor Group Inc. grew its stake in shares of Solar Senior Capital by 1.4% in the second quarter. Advisor Group Inc. now owns 6,657 shares of the asset manager’s stock valued at $112,000 after buying an additional 95 shares in the last quarter. Wedbush Securities Inc. grew its stake in Solar Senior Capital by 0.4% during the 2nd quarter. Wedbush Securities Inc. now owns 11,122 shares of the asset manager’s stock valued at $186,000 after purchasing an additional 48 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Solar Senior Capital by 149.7% during the 1st quarter. Russell Investments Group Ltd. now owns 11,392 shares of the asset manager’s stock valued at $205,000 after purchasing an additional 6,829 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Solar Senior Capital during the 2nd quarter valued at approximately $241,000. Finally, Goldman Sachs Group Inc. grew its stake in Solar Senior Capital by 2.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,127 shares of the asset manager’s stock valued at $308,000 after purchasing an additional 388 shares in the last quarter. Institutional investors and hedge funds own 32.84% of the company’s stock.
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About Solar Senior Capital
Solar Senior Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to seek to maximize current income consistent with the preservation of capital. The Company seeks to achieve its investment objective by directly and indirectly investing in senior loans, including first lien, unitranche, and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade, which it refers to collectively as senior loans.
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