Brokerages Expect Solar Senior Capital Ltd (SUNS) to Announce $0.35 EPS
Brokerages expect that Solar Senior Capital Ltd (NASDAQ:SUNS) will post earnings per share of $0.35 for the current quarter, according to Zacks. Two analysts have made estimates for Solar Senior Capital’s earnings. Solar Senior Capital also posted earnings of $0.35 per share during the same quarter last year. The firm is scheduled to announce its next earnings results on Wednesday, February 28th.
On average, analysts expect that Solar Senior Capital will report full year earnings of $1.41 per share for the current year. For the next fiscal year, analysts expect that the company will post earnings of $1.43 per share, with EPS estimates ranging from $1.40 to $1.45. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Solar Senior Capital.
Solar Senior Capital (NASDAQ:SUNS) last issued its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The business had revenue of $7.97 million for the quarter, compared to analyst estimates of $7.82 million. Solar Senior Capital had a return on equity of 8.39% and a net margin of 76.43%.
Shares of Solar Senior Capital (NASDAQ:SUNS) traded up $0.11 during trading on Friday, reaching $17.73. The company had a trading volume of 27,998 shares, compared to its average volume of 43,149. The company has a market capitalization of $284.29, a price-to-earnings ratio of 12.31, a P/E/G ratio of 2.49 and a beta of 0.64. Solar Senior Capital has a 1-year low of $16.10 and a 1-year high of $18.46.
The company also recently announced a monthly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Thursday, January 18th will be paid a $0.1175 dividend. The ex-dividend date is Wednesday, January 17th. This is a positive change from Solar Senior Capital’s previous monthly dividend of $0.12. This represents a $1.41 annualized dividend and a dividend yield of 7.95%. Solar Senior Capital’s payout ratio is presently 97.92%.
Several institutional investors and hedge funds have recently modified their holdings of the business. Advisor Group Inc. raised its stake in shares of Solar Senior Capital by 1.4% in the second quarter. Advisor Group Inc. now owns 6,657 shares of the asset manager’s stock valued at $112,000 after buying an additional 95 shares during the period. OxFORD Asset Management LLP raised its stake in shares of Solar Senior Capital by 24.8% in the third quarter. OxFORD Asset Management LLP now owns 33,478 shares of the asset manager’s stock valued at $583,000 after buying an additional 6,644 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Solar Senior Capital by 18.4% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 50,673 shares of the asset manager’s stock valued at $874,000 after buying an additional 7,860 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Solar Senior Capital by 1.8% in the second quarter. JPMorgan Chase & Co. now owns 455,914 shares of the asset manager’s stock valued at $7,632,000 after buying an additional 7,931 shares during the period. Finally, Muzinich & Co. Inc. raised its stake in shares of Solar Senior Capital by 1.5% in the second quarter. Muzinich & Co. Inc. now owns 573,781 shares of the asset manager’s stock valued at $9,605,000 after buying an additional 8,242 shares during the period. Hedge funds and other institutional investors own 30.24% of the company’s stock.
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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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