Cetera Advisors LLC lessened its holdings in Solar Capital Ltd. (NASDAQ:SLRC) by 14.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,500 shares of the financial services provider’s stock after selling 4,250 shares during the quarter. Cetera Advisors LLC’s holdings in Solar Capital were worth $513,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Global X MANAGEMENT CO LLC grew its position in shares of Solar Capital by 49.3% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,024 shares of the financial services provider’s stock worth $195,000 after buying an additional 2,981 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of Solar Capital during the 3rd quarter worth $210,000. Northern Trust Corp grew its position in shares of Solar Capital by 11.7% during the 2nd quarter. Northern Trust Corp now owns 10,412 shares of the financial services provider’s stock worth $228,000 after buying an additional 1,088 shares in the last quarter. California Public Employees Retirement System bought a new position in shares of Solar Capital during the 3rd quarter worth $254,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Solar Capital during the 2nd quarter worth $310,000. 62.65% of the stock is currently owned by institutional investors.
Solar Capital Ltd. (SLRC) opened at $20.47 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $858.32, a price-to-earnings ratio of 12.18, a PEG ratio of 2.31 and a beta of 0.53. Solar Capital Ltd. has a 12-month low of $19.70 and a 12-month high of $22.94.
SLRC has been the topic of a number of recent research reports. National Securities reissued a “buy” rating and set a $25.00 price target on shares of Solar Capital in a research report on Friday, February 2nd. Ladenburg Thalmann Financial Services raised Solar Capital from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Zacks Investment Research raised Solar Capital from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. JMP Securities raised Solar Capital from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods raised Solar Capital from a “market perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a research report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Solar Capital has an average rating of “Hold” and a consensus price target of $23.67.
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Solar Capital Company Profile
Solar Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests in privately held the United States middle market companies.
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