BidaskClub downgraded shares of Solar Senior Capital Ltd. (NASDAQ:SUNS) from a buy rating to a hold rating in a research report released on Tuesday.

A number of other equities research analysts have also recently issued reports on SUNS. Zacks Investment Research upgraded shares of Solar Senior Capital from a sell rating to a hold rating in a report on Wednesday, July 5th. Maxim Group reiterated a buy rating and issued a $18.50 price objective on shares of Solar Senior Capital in a report on Wednesday, May 3rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Solar Senior Capital has an average rating of Hold and an average price target of $17.88.

Solar Senior Capital (NASDAQ SUNS) traded down 0.28% on Tuesday, reaching $17.58. The company’s stock had a trading volume of 50,479 shares. Solar Senior Capital has a 1-year low of $15.06 and a 1-year high of $18.46. The stock has a 50 day moving average price of $17.14 and a 200-day moving average price of $17.39.

Solar Senior Capital (NASDAQ:SUNS) last issued its quarterly earnings data on Tuesday, May 2nd. The asset manager reported $0.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.35. The firm had revenue of $7.50 million during the quarter, compared to analysts’ expectations of $7.96 million. Solar Senior Capital had a net margin of 76.74% and a return on equity of 7.95%. On average, analysts expect that Solar Senior Capital will post $1.40 EPS for the current fiscal year.

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The company also recently declared a monthly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Thursday, July 20th will be issued a dividend of $0.117 per share. This represents a $1.40 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date of this dividend is Tuesday, July 18th. Solar Senior Capital’s dividend payout ratio (DPR) is 89.81%.

Several hedge funds and other institutional investors have recently made changes to their positions in SUNS. Muzinich & Co. Inc. raised its position in shares of Solar Senior Capital by 122.9% in the first quarter. Muzinich & Co. Inc. now owns 565,539 shares of the asset manager’s stock worth $10,168,000 after buying an additional 311,852 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Solar Senior Capital by 46.6% in the second quarter. Acadian Asset Management LLC now owns 399,623 shares of the asset manager’s stock worth $6,691,000 after buying an additional 126,982 shares in the last quarter. PVG Asset Management Corp bought a new position in shares of Solar Senior Capital during the first quarter worth approximately $1,315,000. Bank of Montreal Can raised its position in shares of Solar Senior Capital by 2,438.2% in the second quarter. Bank of Montreal Can now owns 73,912 shares of the asset manager’s stock worth $1,237,000 after buying an additional 71,000 shares in the last quarter. Finally, UBS Group AG raised its position in shares of Solar Senior Capital by 21.4% in the first quarter. UBS Group AG now owns 396,851 shares of the asset manager’s stock worth $7,135,000 after buying an additional 70,058 shares in the last quarter. 31.70% of the stock is owned by institutional investors and hedge funds.

About Solar Senior Capital

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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