Solar Senior Capital Ltd. (NASDAQ:SUNS) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Several other brokerages also recently issued reports on SUNS. Maxim Group reiterated a “buy” rating and set a $18.50 price target on shares of Solar Senior Capital in a report on Wednesday, May 3rd. Zacks Investment Research downgraded shares of Solar Senior Capital from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $17.88.

Solar Senior Capital (SUNS) traded up 0.2421% during midday trading on Wednesday, reaching $16.5199. The company had a trading volume of 18,877 shares. Solar Senior Capital has a 12 month low of $15.06 and a 12 month high of $18.46. The firm has a 50-day moving average of $17.17 and a 200-day moving average of $17.41.

Solar Senior Capital (NASDAQ:SUNS) last released its earnings results on Tuesday, August 1st. The asset manager reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Solar Senior Capital had a return on equity of 7.98% and a net margin of 76.07%. The firm had revenue of $7.66 million during the quarter, compared to analysts’ expectations of $8.24 million. Equities analysts expect that Solar Senior Capital will post $1.35 earnings per share for the current year.

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A number of hedge funds have recently bought and sold shares of the stock. Ares Management LLC increased its stake in Solar Senior Capital by 3.2% in the first quarter. Ares Management LLC now owns 275,284 shares of the asset manager’s stock worth $4,950,000 after buying an additional 8,500 shares during the last quarter. Mackenzie Financial Corp increased its stake in Solar Senior Capital by 67.4% in the first quarter. Mackenzie Financial Corp now owns 27,836 shares of the asset manager’s stock worth $500,000 after buying an additional 11,209 shares during the last quarter. Wellington Management Group LLP increased its stake in Solar Senior Capital by 12.5% in the first quarter. Wellington Management Group LLP now owns 160,272 shares of the asset manager’s stock worth $2,882,000 after buying an additional 17,840 shares during the last quarter. AXA bought a new stake in Solar Senior Capital during the first quarter worth $728,000. Finally, Muzinich & Co. Inc. increased its stake in 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 during the last quarter. Institutional investors and hedge funds own 32.53% of the company’s stock.

Solar Senior Capital Company Profile

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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