AllSquare Wealth Management LLC cut its stake in shares of Solar Senior Capital Ltd. (NASDAQ:SUNS) by 38.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,000 shares of the asset manager’s stock after selling 5,600 shares during the quarter. AllSquare Wealth Management LLC’s holdings in Solar Senior Capital were worth $130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in shares of Solar Senior Capital in the first quarter worth about $42,000. Bank of America Corp DE grew its position in shares of Solar Senior Capital by 267.4% in the 2nd quarter. Bank of America Corp DE now owns 9,061 shares of the asset manager’s stock worth $117,000 after buying an additional 6,595 shares during the last quarter. Clear Harbor Asset Management LLC bought a new position in shares of Solar Senior Capital during the third quarter valued at approximately $33,000. California Public Employees Retirement System lifted its stake in Solar Senior Capital by 4.5% in the third quarter. California Public Employees Retirement System now owns 35,100 shares of the asset manager’s stock worth $442,000 after acquiring an additional 1,500 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Solar Senior Capital by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 738,287 shares of the asset manager’s stock valued at $9,354,000 after acquiring an additional 37,621 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.
A number of equities analysts have weighed in on the stock. TheStreet raised shares of Solar Senior Capital from a “c” rating to a “b-” rating in a research note on Wednesday, February 3rd. Maxim Group reissued a “buy” rating and set a $19.00 price objective on shares of Solar Senior Capital in a research report on Friday, January 29th. Finally, Zacks Investment Research lowered shares of Solar Senior Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, January 5th. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $15.67.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 2nd. Stockholders of record on Thursday, February 18th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, February 17th. This represents a $1.20 annualized dividend and a dividend yield of 8.06%. Solar Senior Capital’s dividend payout ratio (DPR) is 85.11%.
About Solar Senior Capital
Solar Senior Capital Ltd. is a business development company specializing in investments in leveraged, middle-market companies in the United States. The fund invests in the form of senior secured loans, including first lien, unitranche, and second lien debt instruments. It does not invest in start-up companies or companies having speculative business plans.
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