Solar Senior Capital (NASDAQ:SUNS)‘s stock had its “buy” rating reaffirmed by equities research analysts at Maxim Group in a research report issued on Wednesday, AnalystRatings.com reports. They presently have a $19.00 price target on the asset manager’s stock. Maxim Group’s price objective would indicate a potential upside of 6.92% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Solar Senior Capital from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. BidaskClub lowered shares of Solar Senior Capital from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 10th.

SUNS traded up $0.04 during midday trading on Wednesday, reaching $17.77. 35,400 shares of the company’s stock were exchanged, compared to its average volume of 36,109. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.56 and a quick ratio of 0.54. The stock has a market capitalization of $283.66 million, a PE ratio of 12.60 and a beta of 0.59. The business’s 50-day moving average price is $17.43 and its 200 day moving average price is $16.89. Solar Senior Capital has a 1-year low of $14.50 and a 1-year high of $18.00.

Solar Senior Capital (NASDAQ:SUNS) last announced its earnings results on Monday, November 4th. The asset manager reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $10.40 million during the quarter, compared to analysts’ expectations of $10.89 million. Solar Senior Capital had a net margin of 35.72% and a return on equity of 8.59%. As a group, analysts expect that Solar Senior Capital will post 1.39 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. AllSquare Wealth Management LLC raised its position in shares of Solar Senior Capital by 65.6% in the third quarter. AllSquare Wealth Management LLC now owns 10,600 shares of the asset manager’s stock valued at $188,000 after buying an additional 4,200 shares during the last quarter. Confluence Investment Management LLC grew its holdings in Solar Senior Capital by 1.5% in the third quarter. Confluence Investment Management LLC now owns 69,047 shares of the asset manager’s stock valued at $1,226,000 after purchasing an additional 992 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in Solar Senior Capital by 49.6% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 68,705 shares of the asset manager’s stock valued at $1,093,000 after purchasing an additional 22,790 shares during the period. Peapack Gladstone Financial Corp purchased a new stake in Solar Senior Capital in the second quarter valued at approximately $318,000. Finally, Morgan Stanley grew its holdings in Solar Senior Capital by 38.7% in the second quarter. Morgan Stanley now owns 34,652 shares of the asset manager’s stock valued at $551,000 after purchasing an additional 9,670 shares during the period. 20.02% of the stock is owned by institutional investors and hedge funds.

Solar Senior Capital Company Profile

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.

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