Solar Capital Ltd. (NASDAQ:SLRC) has earned a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $22.38.

Several equities analysts recently weighed in on SLRC shares. Zacks Investment Research cut shares of Solar Capital from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub cut shares of Solar Capital from a “hold” rating to a “sell” rating in a research report on Saturday, September 7th.

NASDAQ SLRC traded down $0.01 during trading hours on Friday, hitting $20.86. The company’s stock had a trading volume of 507 shares, compared to its average volume of 56,379. Solar Capital has a 52 week low of $18.45 and a 52 week high of $21.97. The company has a market capitalization of $883.02 million, a PE ratio of 11.79, a price-to-earnings-growth ratio of 3.93 and a beta of 0.70. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The company’s 50-day simple moving average is $20.51 and its two-hundred day simple moving average is $20.91.

Solar Capital (NASDAQ:SLRC) last announced its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.44 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. Solar Capital had a net margin of 46.63% and a return on equity of 7.97%. The business had revenue of $38.68 million for the quarter, compared to analysts’ expectations of $40.38 million. Research analysts anticipate that Solar Capital will post 1.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Thursday, September 19th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $1.64 annualized dividend and a dividend yield of 7.86%. Solar Capital’s dividend payout ratio is currently 92.66%.

Several institutional investors have recently bought and sold shares of the business. Intrinsic Edge Capital Management LLC lifted its position in shares of Solar Capital by 93.3% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 77,326 shares of the financial services provider’s stock worth $1,588,000 after buying an additional 37,326 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Solar Capital by 16.2% during the 2nd quarter. Royal Bank of Canada now owns 101,435 shares of the financial services provider’s stock worth $2,083,000 after buying an additional 14,112 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Solar Capital by 1.8% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 37,863 shares of the financial services provider’s stock worth $777,000 after buying an additional 656 shares in the last quarter. United Services Automobile Association lifted its position in shares of Solar Capital by 2.9% during the 2nd quarter. United Services Automobile Association now owns 323,638 shares of the financial services provider’s stock worth $6,644,000 after buying an additional 9,010 shares in the last quarter. Finally, Summit Global Investments raised its holdings in shares of Solar Capital by 6.6% in the 2nd quarter. Summit Global Investments now owns 37,100 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 2,300 shares during the period. 57.86% of the stock is currently owned by hedge funds and other institutional investors.

Solar Capital Company Profile

Solar Capital Ltd. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, and strategic income-oriented control equity investments in leveraged middle market companies. The fund invests in aerospace and defense; air freight & logistics; asset management; automotive; banking; beverage, food and tobacco; building products; buildings and real estate; broadcasting and entertainment; cargo transport; commercial services and supplies; communications equipment; chemicals, plastics and rubber; containers, packaging and glass; construction & engineering; diversified/conglomerate manufacturing; consumer Finance; distributors; diversified/conglomerate services; diversified financial services; diversified real estate sctivities; food products; Footwear; Education Services; diversified telecommunications services; electronics; farming and agriculture; finance; grocery; health care equipment and supplies; health care facilities; education and childcare; home and office furnishing, durable consumer products; hotels, motels, inns and gaming; insurance; restaurants, leisure, amusement, and entertainment; leisure equipment tolls and services, media, multiline retail, multi sector holdings; paper and forest products; personal products; professional services, research and consulting services, software; specialty retail; textiles apparel and luxury goods, thrifts and mortgage finance, trading companies and distributors, utilities, and wireless telecommunication services; industrial conglomerates; internet software and services, IT services, machinery; mining, steel, iron, and non precious metals; oil and gas; personal, food and miscellaneous services; printing and publishing; retail stores; telecommunications; textiles and leather; and utilities.

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