Solar Capital (SLRC) Given Daily Coverage Optimism Score of 0.28

Media stories about Solar Capital (NASDAQ:SLRC) have been trending positive on Thursday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Solar Capital earned a coverage optimism score of 0.28 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.9995644352494 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

A number of equities analysts have weighed in on SLRC shares. Ladenburg Thalmann Financial Services upgraded Solar Capital from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Zacks Investment Research cut Solar Capital from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. BidaskClub cut Solar Capital from a “sell” rating to a “strong sell” rating in a report on Thursday, December 7th. JMP Securities raised Solar Capital from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 16th. Finally, National Securities reaffirmed a “buy” rating and issued a $25.00 target price on shares of Solar Capital in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Solar Capital currently has an average rating of “Hold” and an average price target of $23.67.

Solar Capital (SLRC) opened at $21.00 on Thursday. Solar Capital has a 52-week low of $19.90 and a 52-week high of $22.94. The stock has a market capitalization of $887.48, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 2.39 and a beta of 0.55. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.01 and a quick ratio of 1.01.

Solar Capital (NASDAQ:SLRC) last announced its earnings results on Thursday, November 2nd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). Solar Capital had a net margin of 50.29% and a return on equity of 7.32%. The business had revenue of $36.15 million during the quarter, compared to analyst estimates of $35.95 million. equities research analysts anticipate that Solar Capital will post 1.6 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 22nd will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.81%. This is a positive change from Solar Capital’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, March 21st. Solar Capital’s dividend payout ratio is presently 95.24%.

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About Solar Capital

Solar Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests in privately held the United States middle market companies.

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