BidaskClub upgraded shares of Solar Senior Capital (NASDAQ:SUNS) from a hold rating to a buy rating in a research report report published on Monday.

Separately, Zacks Investment Research lowered shares of Solar Senior Capital from a hold rating to a sell rating in a report on Friday, November 9th.

Solar Senior Capital stock traded up $0.06 during midday trading on Monday, reaching $16.06. 100 shares of the stock were exchanged, compared to its average volume of 47,760. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $254.08 million, a PE ratio of 11.38 and a beta of 0.51. Solar Senior Capital has a 52 week low of $14.50 and a 52 week high of $18.05.

Solar Senior Capital (NASDAQ:SUNS) last posted its earnings results on Monday, November 5th. The asset manager reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. The business had revenue of $11.01 million for the quarter, compared to analyst estimates of $10.10 million. Solar Senior Capital had a net margin of 58.33% and a return on equity of 8.41%. Research analysts forecast that Solar Senior Capital will post 1.41 earnings per share for the current year.

The business also recently declared a monthly dividend, which will be paid on Friday, February 1st. Shareholders of record on Thursday, January 24th will be paid a $0.1175 dividend. The ex-dividend date is Wednesday, January 23rd. This represents a $1.41 dividend on an annualized basis and a yield of 8.78%. Solar Senior Capital’s dividend payout ratio is presently 100.00%.

A number of hedge funds have recently added to or reduced their stakes in SUNS. Stratos Wealth Partners LTD. purchased a new position in Solar Senior Capital in the 3rd quarter worth approximately $105,000. Nisa Investment Advisors LLC grew its stake in Solar Senior Capital by 68.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the asset manager’s stock worth $211,000 after buying an additional 5,100 shares in the last quarter. Mackenzie Financial Corp grew its stake in Solar Senior Capital by 73.1% in the 3rd quarter. Mackenzie Financial Corp now owns 69,249 shares of the asset manager’s stock worth $1,157,000 after buying an additional 29,249 shares in the last quarter. Resource America Inc. grew its stake in Solar Senior Capital by 36.0% in the 3rd quarter. Resource America Inc. now owns 113,034 shares of the asset manager’s stock worth $1,889,000 after buying an additional 29,940 shares in the last quarter. Finally, B. Riley Financial Inc. grew its stake in Solar Senior Capital by 0.6% in the 3rd quarter. B. Riley Financial Inc. now owns 268,360 shares of the asset manager’s stock worth $4,484,000 after buying an additional 1,545 shares in the last quarter. 22.41% of the stock is owned by institutional investors and hedge funds.

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.

See Also: What are the benefits of a balanced fund?

Receive News & Ratings for Solar Senior Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solar Senior Capital and related companies with MarketBeat.com's FREE daily email newsletter.