Solar Senior Capital (NASDAQ:SUNS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Solar Senior Capital Ltd. operates as a business development company under the Investment Company Act of 1940. The Company invests primarily in senior secured loans, including first lien, unitranche and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade. “

Separately, BidaskClub cut shares of Solar Senior Capital from a “sell” rating to a “strong sell” rating in a research note on Tuesday.

Shares of Solar Senior Capital stock traded down $0.02 on Friday, reaching $16.21. The stock had a trading volume of 1,230 shares, compared to its average volume of 33,695. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.21. Solar Senior Capital has a fifty-two week low of $14.50 and a fifty-two week high of $17.56. The stock has a market capitalization of $260.07 million, a price-to-earnings ratio of 11.50 and a beta of 0.62.

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

A number of large investors have recently added to or reduced their stakes in SUNS. Confluence Investment Management LLC increased its holdings in Solar Senior Capital by 2.0% in the 1st quarter. Confluence Investment Management LLC now owns 67,877 shares of the asset manager’s stock valued at $1,165,000 after buying an additional 1,336 shares during the period. Advisor Group Inc. increased its holdings in Solar Senior Capital by 276.7% in the 4th quarter. Advisor Group Inc. now owns 2,501 shares of the asset manager’s stock valued at $37,000 after buying an additional 1,837 shares during the period. BlackRock Inc. increased its holdings in Solar Senior Capital by 3.4% in the 1st quarter. BlackRock Inc. now owns 69,427 shares of the asset manager’s stock valued at $1,191,000 after buying an additional 2,282 shares during the period. Marshall Wace LLP bought a new stake in Solar Senior Capital in the 1st quarter valued at $42,000. Finally, Destination Wealth Management bought a new stake in Solar Senior Capital in the 1st quarter valued at $45,000. Hedge funds and other institutional investors own 19.38% of the company’s stock.

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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