Solar Capital Ltd. (SLRC) To Go Ex-Dividend on December 20th
Solar Capital Ltd. (NASDAQ:SLRC) declared a quarterly dividend on Thursday, November 2nd, Zacks reports. Investors of record on Thursday, December 21st will be given a dividend of 0.40 per share by the financial services provider on Thursday, January 4th. This represents a $1.60 annualized dividend and a dividend yield of 7.89%. The ex-dividend date is Wednesday, December 20th.
Solar Capital (SLRC) opened at $20.28 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.51. Solar Capital has a one year low of $20.17 and a one year high of $22.94. The company has a market capitalization of $863.81, a PE ratio of 12.77, a P/E/G ratio of 2.55 and a beta of 0.54.
Solar Capital (NASDAQ:SLRC) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Solar Capital had a return on equity of 7.32% and a net margin of 50.29%. The business had revenue of $36.15 million during the quarter, compared to analyst estimates of $35.95 million. analysts forecast that Solar Capital will post 1.6 EPS for the current year.
A hedge fund recently raised its stake in Solar Capital stock. Northern Trust Corp lifted its stake in shares of Solar Capital Ltd. (NASDAQ:SLRC) by 11.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,412 shares of the financial services provider’s stock after purchasing an additional 1,088 shares during the quarter. Northern Trust Corp’s holdings in Solar Capital were worth $228,000 as of its most recent filing with the Securities and Exchange Commission. 63.08% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have issued reports on SLRC. Ladenburg Thalmann Financial Services upgraded Solar Capital from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. National Securities upped their price objective on Solar Capital from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research upgraded Solar Capital from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, BidaskClub cut Solar Capital from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Solar Capital has a consensus rating of “Hold” and an average price target of $23.35.
About Solar Capital
Solar Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests in privately held the United States middle market companies.
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