Susquehanna International Group LLP lessened its holdings in Solar Senior Capital Ltd (NASDAQ:SUNS) by 32.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,790 shares of the asset manager’s stock after selling 6,122 shares during the quarter. Susquehanna International Group LLP owned 0.08% of Solar Senior Capital worth $220,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of SUNS. Advisor Group Inc. boosted its holdings in Solar Senior Capital by 1.4% in the second quarter. Advisor Group Inc. now owns 6,657 shares of the asset manager’s stock worth $112,000 after acquiring an additional 95 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in Solar Senior Capital by 0.4% in the second quarter. Wedbush Securities Inc. now owns 11,122 shares of the asset manager’s stock worth $186,000 after acquiring an additional 48 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Solar Senior Capital in the second quarter worth about $241,000. Goldman Sachs Group Inc. boosted its holdings in Solar Senior Capital by 2.3% in the first quarter. Goldman Sachs Group Inc. now owns 17,127 shares of the asset manager’s stock worth $308,000 after acquiring an additional 388 shares in the last quarter. Finally, Summit Global Investments acquired a new stake in Solar Senior Capital in the second quarter worth about $493,000. 30.24% of the stock is owned by institutional investors and hedge funds.
Shares of Solar Senior Capital Ltd (NASDAQ SUNS) opened at $17.85 on Wednesday. Solar Senior Capital Ltd has a twelve month low of $16.09 and a twelve month high of $18.46. The company has a market capitalization of $288.78, a PE ratio of 12.86, a P/E/G ratio of 2.55 and a beta of 0.63.
The company also recently announced a monthly dividend, which will be paid on Thursday, January 4th. Investors of record on Thursday, December 21st will be issued a dividend of $0.117 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.87%. The ex-dividend date is Wednesday, December 20th. Solar Senior Capital’s dividend payout ratio (DPR) is 97.92%.
Separately, Zacks Investment Research downgraded Solar Senior Capital from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th.
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Solar Senior Capital Company 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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