Somewhat Positive Media Coverage Somewhat Unlikely to Impact Solar Senior Capital (SUNS) Share Price
Press coverage about Solar Senior Capital (NASDAQ:SUNS) has trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Solar Senior Capital earned a news impact score of 0.19 on Accern’s scale. Accern also gave headlines about the asset manager an impact score of 46.7934752714923 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Solar Senior Capital Ltd. (NASDAQ:SUNS) Experiences Lighter than Average Trading Volume – First News 24 (firstnewspaper24.com)
- Solar Senior Capital Ltd. Schedules the Release of its Financial Results for the Quarter Ended September 30, 2017 – GlobeNewswire (press release) (globenewswire.com)
- Financial Survey: Solar Senior Capital (SUNS) versus Its Peers (americanbankingnews.com)
Solar Senior Capital (SUNS) opened at 17.23 on Monday. Solar Senior Capital has a 12-month low of $15.06 and a 12-month high of $18.46. The company has a 50-day moving average price of $16.53 and a 200-day moving average price of $17.26.
Solar Senior Capital (NASDAQ:SUNS) last announced its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.35 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $7.66 million during 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 analysts anticipate that Solar Senior Capital will post $1.36 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 22nd will be given a dividend of $0.1175 per share. The ex-dividend date is Thursday, September 21st. This represents a $1.41 dividend on an annualized basis and a yield of 8.18%. This is an increase from Solar Senior Capital’s previous monthly dividend of $0.12. Solar Senior Capital’s dividend payout ratio is currently 94.63%.
A number of research firms recently weighed in on SUNS. BidaskClub upgraded shares of Solar Senior Capital from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded Solar Senior Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.88.
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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