BidaskClub cut shares of Solar Senior Capital (NASDAQ:SUNS) from a sell rating to a strong sell rating in a report released on Tuesday morning, BidAskClub reports.

Separately, Zacks Investment Research raised Solar Senior Capital from a sell rating to a hold rating in a report on Saturday, April 6th.

Solar Senior Capital stock opened at $16.23 on Tuesday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.21. Solar Senior Capital has a 52 week low of $14.50 and a 52 week high of $17.56. The firm has a market cap of $259.75 million, a PE ratio of 11.51 and a beta of 0.62.

Solar Senior Capital (NASDAQ:SUNS) last posted its quarterly earnings results on Monday, May 6th. The asset manager reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Solar Senior Capital had a return on equity of 8.50% and a net margin of 38.53%. The company had revenue of $10.23 million during the quarter, compared to analysts’ expectations of $10.10 million. As a group, research analysts forecast that Solar Senior Capital will post 1.38 EPS for the current year.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Thursday, June 20th will be issued a dividend of $0.1175 per share. The ex-dividend date of this dividend is Wednesday, June 19th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 8.69%. Solar Senior Capital’s dividend payout ratio (DPR) is currently 100.00%.

Several institutional investors have recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in Solar Senior Capital during the 1st quarter worth $42,000. Ladenburg Thalmann Financial Services Inc. grew its position in Solar Senior Capital by 18.5% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,915 shares of the asset manager’s stock worth $788,000 after acquiring an additional 7,171 shares during the last quarter. Morgan Stanley grew its position in Solar Senior Capital by 49.2% during the 1st quarter. Morgan Stanley now owns 24,982 shares of the asset manager’s stock worth $429,000 after acquiring an additional 8,237 shares during the last quarter. Glassman Wealth Services bought a new stake in Solar Senior Capital during the 1st quarter worth $167,000. Finally, Advisor Group Inc. grew its position in Solar Senior Capital by 148.2% during the 1st quarter. Advisor Group Inc. now owns 6,208 shares of the asset manager’s stock worth $107,000 after acquiring an additional 3,707 shares during the last quarter. 19.38% of the stock is owned by institutional investors.

About Solar Senior Capital

Solar Senior Capital Ltd. is a business development company specializing in investments in leveraged, middle-market companies in the United States. The fund invests in the form of senior secured loans, including first lien, unitranche, and second lien debt instruments. It does not invest in start-up companies or companies having speculative business plans.

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