Solar Senior Capital Ltd. (SUNS) Given Consensus Rating of “Hold” by Brokerages
Solar Senior Capital Ltd. (NASDAQ:SUNS) has been assigned an average recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $17.17.
A number of research analysts have commented on SUNS shares. BidaskClub lowered Solar Senior Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research lowered Solar Senior Capital from a “hold” rating to a “sell” rating in a research report on Wednesday.
Shares of Solar Senior Capital (NASDAQ:SUNS) opened at 17.59 on Friday. The stock has a 50 day moving average price of $16.65 and a 200 day moving average price of $17.23. Solar Senior Capital has a one year low of $15.06 and a one year high of $18.46.
Solar Senior Capital (NASDAQ:SUNS) last announced its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.35 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.35. The firm had revenue of $7.66 million for the quarter, compared to analyst estimates of $8.24 million. Solar Senior Capital had a return on equity of 7.98% and a net margin of 76.07%. On average, equities research analysts forecast that Solar Senior Capital will post $1.36 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Thursday, October 19th will be given a $0.1175 dividend. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a $1.41 annualized dividend and a dividend yield of 8.02%. Solar Senior Capital’s dividend payout ratio is currently 94.63%.
Several large investors have recently bought and sold shares of the company. Cetera Investment Advisers bought a new position in shares of Solar Senior Capital in the 2nd quarter worth $241,000. Intrinsic Edge Capital Management LLC bought a new position in shares of Solar Senior Capital in the 2nd quarter worth $837,000. Muzinich & Co. Inc. boosted its position in shares of Solar Senior Capital by 1.5% in the 2nd quarter. Muzinich & Co. Inc. now owns 573,781 shares of the asset manager’s stock worth $9,605,000 after purchasing an additional 8,242 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Solar Senior Capital by 1.4% in the 2nd quarter. Advisor Group Inc. now owns 6,657 shares of the asset manager’s stock worth $112,000 after purchasing an additional 95 shares during the last quarter. Finally, Summit Global Investments bought a new position in shares of Solar Senior Capital in the 2nd quarter worth $493,000. Institutional investors and hedge funds own 32.84% 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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