Goldman Sachs Group Inc. lessened its holdings in Solar Senior Capital Ltd. (NASDAQ:SUNS) by 9.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 15,438 shares of the asset manager’s stock after selling 1,689 shares during the period. Goldman Sachs Group Inc.’s holdings in Solar Senior Capital were worth $258,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Advisor Group Inc. increased its stake in Solar Senior Capital by 1.4% in the 2nd quarter. Advisor Group Inc. now owns 6,657 shares of the asset manager’s stock worth $112,000 after buying an additional 95 shares in the last quarter. Wedbush Securities Inc. increased its stake in Solar Senior Capital by 0.4% in the 2nd quarter. Wedbush Securities Inc. now owns 11,122 shares of the asset manager’s stock worth $186,000 after buying an additional 48 shares in the last quarter. Summit Global Investments purchased a new stake in Solar Senior Capital in the 2nd quarter worth $493,000. Russell Investments Group Ltd. increased its stake in Solar Senior Capital by 166.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 30,360 shares of the asset manager’s stock worth $508,000 after buying an additional 18,968 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Solar Senior Capital by 2,438.2% in the 2nd quarter. Bank of Montreal Can now owns 73,912 shares of the asset manager’s stock worth $1,237,000 after buying an additional 71,000 shares in the last quarter. Institutional investors and hedge funds own 30.21% of the company’s stock.
Shares of Solar Senior Capital Ltd. (SUNS) opened at $18.02 on Friday. Solar Senior Capital Ltd. has a 12 month low of $15.89 and a 12 month high of $18.46. The stock has a market capitalization of $288.95, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 2.56 and a beta of 0.63.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.1175 per share. This represents a $1.41 annualized dividend and a dividend yield of 7.82%. The ex-dividend date of this dividend is Tuesday, November 21st. Solar Senior Capital’s dividend payout ratio (DPR) is presently 97.92%.
A number of brokerages have issued reports on SUNS. BidaskClub lowered Solar Senior Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Solar Senior Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $17.75.
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Solar Senior Capital Profile
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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