BidaskClub upgraded shares of Solar Capital (NASDAQ:SLRC) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

A number of other brokerages have also commented on SLRC. National Securities reiterated a buy rating and issued a $25.00 price objective on shares of Solar Capital in a research report on Thursday, August 9th. ValuEngine upgraded Solar Capital from a sell rating to a hold rating in a research report on Saturday, July 28th. Finally, Zacks Investment Research lowered Solar Capital from a buy rating to a hold rating in a research report on Friday, July 27th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Solar Capital has an average rating of Buy and an average price target of $23.67.

Shares of SLRC stock opened at $21.87 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $917.48 million, a P/E ratio of 13.50, a PEG ratio of 2.42 and a beta of 0.66. Solar Capital has a 12 month low of $19.70 and a 12 month high of $22.55.

Solar Capital (NASDAQ:SLRC) last announced its quarterly earnings data on Monday, August 6th. The financial services provider reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.01). The firm had revenue of $39.19 million during the quarter, compared to analyst estimates of $38.17 million. Solar Capital had a return on equity of 8.01% and a net margin of 48.51%. equities analysts anticipate that Solar Capital will post 1.8 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc increased its position in Solar Capital by 19.5% in the first quarter. Legal & General Group Plc now owns 155,892 shares of the financial services provider’s stock worth $3,167,000 after purchasing an additional 25,387 shares during the period. Partners Group Holding AG boosted its holdings in Solar Capital by 10.7% during the first quarter. Partners Group Holding AG now owns 662,168 shares of the financial services provider’s stock worth $13,449,000 after buying an additional 64,100 shares during the last quarter. TCW Group Inc. boosted its holdings in Solar Capital by 86.2% during the first quarter. TCW Group Inc. now owns 24,200 shares of the financial services provider’s stock worth $492,000 after buying an additional 11,200 shares during the last quarter. Great West Life Assurance Co. Can bought a new position in Solar Capital during the first quarter worth about $228,000. Finally, Mckinley Capital Management LLC Delaware boosted its holdings in Solar Capital by 8.8% during the second quarter. Mckinley Capital Management LLC Delaware now owns 240,884 shares of the financial services provider’s stock worth $4,923,000 after buying an additional 19,403 shares during the last quarter. Hedge funds and other institutional investors own 60.21% of the company’s stock.

Solar Capital Company Profile

Solar Capital Ltd is a business development company that seeks investment opportunities in middle market companies located in the US. The fund targets companies operating in the fields of aerospace & defense, automobile, banking, beverage, food & tobacco, buildings & real estate, broadcasting & entertainment, cargo transport, chemicals, plastics & rubber, containers, packaging & glass, diversified or conglomerate manufacturing, diversified financial services, electronics, farming & agriculture, finance, grocery, healthcare, education & childcare, home, office furnishings & durable consumer products, hotels, motels, inns & gaming, insurance, IT services, leisure, amusement & entertainment, machinery, mining, steel, iron & non-precious metals, personal & nondurable consumer products, personal, food &services, personal transportation, professional services, retail stores, software, telecommunications, textiles and leather, and utilities.

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