Solar Senior Capital (NASDAQ:SUNS) Upgraded at BidaskClub

BidaskClub upgraded shares of Solar Senior Capital (NASDAQ:SUNS) from a hold rating to a buy rating in a research note issued to investors on Friday, BidAskClub reports.

Separately, Zacks Investment Research upgraded Solar Senior Capital from a sell rating to a hold rating in a research report on Friday, June 28th.

SUNS traded down $0.30 during trading hours on Friday, hitting $16.31. The company’s stock had a trading volume of 300 shares, compared to its average volume of 29,020. Solar Senior Capital has a fifty-two week low of $14.50 and a fifty-two week high of $17.56. The stock has a market capitalization of $266.42 million, a price-to-earnings ratio of 11.61 and a beta of 0.58. The business’s 50-day moving average is $16.32. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.21.

Solar Senior Capital (NASDAQ:SUNS) last issued its quarterly earnings results on Monday, May 6th. The asset manager reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Solar Senior Capital had a return on equity of 8.50% and a net margin of 38.53%. The company had revenue of $10.23 million for the quarter, compared to analysts’ expectations of $10.10 million. Equities analysts expect that Solar Senior Capital will post 1.38 earnings per share for the current year.

The company also recently declared a monthly dividend, which was paid on Thursday, August 1st. Stockholders of record on Thursday, July 25th were given a dividend of $0.117 per share. This represents a $1.40 annualized dividend and a dividend yield of 8.61%. The ex-dividend date was Wednesday, July 24th. Solar Senior Capital’s dividend payout ratio (DPR) is presently 100.00%.

Several hedge funds have recently modified their holdings of the company. Marshall Wace LLP acquired a new position in shares of Solar Senior Capital in the 1st quarter worth $42,000. Advisor Group Inc. boosted its position in Solar Senior Capital by 276.7% during the fourth quarter. Advisor Group Inc. now owns 2,501 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 1,837 shares during the last quarter. Destination Wealth Management acquired a new stake in Solar Senior Capital during the first quarter valued at $45,000. AllSquare Wealth Management LLC boosted its position in Solar Senior Capital by 293.8% during the first quarter. AllSquare Wealth Management LLC now owns 6,300 shares of the asset manager’s stock valued at $108,000 after purchasing an additional 4,700 shares during the last quarter. Finally, Certified Advisory Corp boosted its position in Solar Senior Capital by 334.7% during the first quarter. Certified Advisory Corp now owns 6,521 shares of the asset manager’s stock valued at $112,000 after purchasing an additional 5,021 shares during the last quarter. Institutional investors own 19.36% of the company’s stock.

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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