Solar Capital Ltd. 6.75% Senior (NYSE:SLRA) Experiences Light Trading Volume

Paterniano Del Favero
Agosto 7, 2017

Equities research analysts expect that Solar Senior Capital Ltd will post $1.35 EPS for the current year. The brokerage now has a "hold" rating on the financial services provider's stock. Zacks' sales averages are a mean average based on a survey of research firms that that provide coverage for Solar Capital.

Solar Capital (NASDAQ:SLRC) last issued its earnings results on Tuesday, August 1st. The asset manager reported $0.35 earnings per share for the quarter, meeting analysts' consensus estimates of $0.35. The firm had revenue of $33.89 million during the quarter, compared to the consensus estimate of $36.51 million. It dropped, as 5 investors sold Solar Senior Capital Ltd shares while 8 reduced holdings.

Equity analyst DA Davidson started covering SLRC setting a rating of "Buy" and establishing a price target of $20.00. National Securities restated a "buy" rating and set a $24.00 price objective on shares of Solar Capital in a research report on Monday, May 8th. Zacks Investment Research upgraded shares of Solar Senior Capital from a sell rating to a hold rating in a research report on Wednesday, July 5th. J P Morgan Chase & Co cut shares of Solar Capital from an "overweight" rating to a "neutral" rating and set a $23.00 price target on the a report on Monday, May 1st. BidaskClub cut Solar Senior Capital from a "buy" rating to a "hold" rating in a research report on Tuesday, July 25th.

Several equities research analysts have issued reports on the stock. Solar Capital has a consensus rating of "Hold" and an average target price of $22.40.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another domain, it was stolen and republished in violation of United States and worldwide copyright law. The correct version of this piece of content can be viewed at The value of the investment in Solar Senior Capital Ltd. went from $6,321,000 to $6,118,000 a change of 3.2% since the last quarter. 44,990 shares of the company's stock were exchanged. The company has a 50-day moving average price of $17.16 and a 200-day moving average price of $17.41.

West Family Investments Inc. holds 1.34% of its portfolio in Solar Senior Capital Ltd for 462,777 shares.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Thursday, June 22nd were given a $0.40 dividend.

More news for Global Partners LP (NYSE:GLP) were recently published by:, which released: "Global Partners LP (GLP) Ex-Dividend Date Scheduled for August 07, 2017" on August 04, 2017. This represents a $1.60 annualized dividend and a yield of 7.25%. Solar Capital's dividend payout ratio (DPR) is presently 70.48%.

A number of hedge funds and other institutional investors have recently modified their holdings of SUNS. Goldman Sachs Group Inc. boosted its stake in Solar Senior Capital by 2.3% in the first quarter. Global X Management Co. Russell Investments Group Ltd. now owns 11,392 shares of the asset manager's stock valued at $205,000 after buying an additional 6,829 shares in the last quarter. Wells Fargo & Company MN raised its position in American Capital Senior Floating by 5.7% in the first quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Solar Senior Capital by 67.4% in the first quarter.

Solar Senior Capital Ltd., launched on December 16, 2010, is a closed-end, externally managed, non-diversified management investment company. The Business's investment objective is to generate both current income and capital appreciation through debt and equity investments. The Firm 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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