Solar Senior Capital Ltd. (SUNS) Receives Average Rating of “Hold” from Brokerages
Solar Senior Capital Ltd. (NASDAQ:SUNS) has been assigned an average rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $17.17.
Several research firms have recently weighed in on SUNS. BidaskClub lowered Solar Senior Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised Solar Senior Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th.
Institutional investors have recently modified their holdings of the company. Advisor Group Inc. boosted its position in shares of Solar Senior Capital by 1.4% in the second quarter. Advisor Group Inc. now owns 6,657 shares of the asset manager’s stock worth $112,000 after buying an additional 95 shares during the period. Wedbush Securities Inc. boosted its position in shares of Solar Senior Capital by 0.4% in the second quarter. Wedbush Securities Inc. now owns 11,122 shares of the asset manager’s stock worth $186,000 after buying an additional 48 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Solar Senior Capital by 149.7% in the first quarter. Russell Investments Group Ltd. now owns 11,392 shares of the asset manager’s stock worth $205,000 after buying an additional 6,829 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Solar Senior Capital in the second quarter worth $241,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Solar Senior Capital by 2.3% in the first quarter. Goldman Sachs Group Inc. now owns 17,127 shares of the asset manager’s stock worth $308,000 after buying an additional 388 shares during the period. 30.42% of the stock is owned by institutional investors and hedge funds.
Solar Senior Capital (NASDAQ:SUNS) last released its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The business 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%.
The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Thursday, October 19th were paid a dividend of $0.1175 per share. This represents a $1.41 annualized dividend and a dividend yield of 7.98%. The ex-dividend date of this dividend was Wednesday, October 18th. Solar Senior Capital’s dividend payout ratio is presently 94.63%.
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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