Somewhat Positive News Coverage Somewhat Unlikely to Affect Solar Capital (SLRC) Stock Price
Press coverage about Solar Capital (NASDAQ:SLRC) has been trending somewhat positive on Friday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Solar Capital earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.8655732561029 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods upgraded Solar Capital from a “market perform” rating to an “outperform” rating and set a $23.00 price target for the company in a research note on Friday, January 12th. National Securities restated a “buy” rating and set a $25.00 price target on shares of Solar Capital in a research note on Wednesday, November 29th. Zacks Investment Research upgraded Solar Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. JMP Securities upgraded Solar Capital from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 16th. Finally, BidaskClub cut Solar Capital from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.67.
Shares of Solar Capital (NASDAQ:SLRC) opened at $20.67 on Friday. Solar Capital has a 52 week low of $19.70 and a 52 week high of $22.94. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $871.84, a P/E ratio of 12.38, a PEG ratio of 2.33 and a beta of 0.55.
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Solar Capital Company Profile
Solar Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests in privately held the United States middle market companies.
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