Solar Senior Capital (SUNS) Earns Daily Coverage Optimism Score of 0.16
News articles about Solar Senior Capital (NASDAQ:SUNS) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Solar Senior Capital earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media headlines about the asset manager an impact score of 48.0486198771589 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Solar Senior Capital (SUNS) traded down $0.10 on Wednesday, hitting $18.05. The stock had a trading volume of 34,900 shares, compared to its average volume of 52,183. Solar Senior Capital has a 12 month low of $15.89 and a 12 month high of $18.46. The firm has a market capitalization of $291.03, a P/E ratio of 12.96, a P/E/G ratio of 2.57 and a beta of 0.63.
Solar Senior Capital (NASDAQ:SUNS) last posted its earnings results on Thursday, November 2nd. The asset manager reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. Solar Senior Capital had a return on equity of 8.39% and a net margin of 76.43%. The company had revenue of $7.97 million during the quarter, compared to the consensus estimate of $7.82 million. analysts predict that Solar Senior Capital will post 1.41 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 22nd will be issued a dividend of $0.1175 per share. This represents a $1.41 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date is Tuesday, November 21st. Solar Senior Capital’s dividend payout ratio is currently 97.92%.
SUNS has been the subject of a number of research reports. BidaskClub downgraded Solar Senior Capital from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research raised Solar Senior Capital from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.75.
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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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