Zacks Investment Research upgraded shares of Solar Senior Capital Ltd. (NASDAQ:SUNS) from a sell rating to a hold rating in a research report report published on Friday morning.

According to Zacks, “Solar Senior Capital Ltd. operates as a business development company under the Investment Company Act of 1940. The Company invests primarily in senior secured loans, including first lien, unitranche and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade. “

Several other equities research analysts have also recently commented on SUNS. Ladenburg Thalmann cut Solar Senior Capital from a buy rating to a neutral rating in a report on Thursday, August 4th. TheStreet raised Solar Senior Capital from a hold rating to a buy rating in a report on Thursday, May 26th. Finally, Citigroup Inc. boosted their target price on Solar Senior Capital from $14.00 to $16.00 and gave the stock a neutral rating in a report on Thursday, August 4th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $16.67.

Solar Senior Capital (NASDAQ:SUNS) opened at 16.31 on Friday. Solar Senior Capital has a 52 week low of $12.80 and a 52 week high of $17.09. The stock’s 50 day moving average price is $16.69 and its 200-day moving average price is $15.64.

Solar Senior Capital (NASDAQ:SUNS) last announced its earnings results on Tuesday, August 2nd. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Solar Senior Capital had a return on equity of 8.45% and a net margin of 27.85%. Equities analysts anticipate that Solar Senior Capital will post $1.41 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Thursday, September 22nd will be issued a $0.1175 dividend. The ex-dividend date is Tuesday, September 20th. This represents a $1.41 annualized dividend and a dividend yield of 8.65%. Solar Senior Capital’s dividend payout ratio is currently 227.42%.

Several hedge funds and other institutional investors have recently bought and sold shares of SUNS. JPMorgan Chase & Co. boosted its position in Solar Senior Capital by 6.4% in the first quarter. JPMorgan Chase & Co. now owns 162,979 shares of the company’s stock valued at $2,376,000 after buying an additional 9,768 shares in the last quarter. UBS Group AG boosted its position in Solar Senior Capital by 3.1% in the first quarter. UBS Group AG now owns 205,632 shares of the company’s stock valued at $2,998,000 after buying an additional 6,238 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Solar Senior Capital during the first quarter valued at about $151,000. Berson & Corrado Investment Advisors LLC boosted its position in Solar Senior Capital by 3.1% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 26,490 shares of the company’s stock valued at $427,000 after buying an additional 800 shares in the last quarter. Finally, Muzinich & Co. Inc. boosted its position in Solar Senior Capital by 6.0% in the second quarter. Muzinich & Co. Inc. now owns 120,959 shares of the company’s stock valued at $1,949,000 after buying an additional 6,860 shares in the last quarter. 22.51% of the stock is currently owned by institutional investors.

About Solar Senior Capital

Solar Senior Capital Ltd. (SUNS) is a management investment company. The Company’s investment objective is to seek to maximize current income consistent with the preservation of capital. It invests in senior loans, including first lien and second lien debt instruments. It also invests in debt of public companies that are thinly traded.

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