Solar Senior Capital Ltd (NASDAQ:SUNS) declared a monthly dividend on Wednesday, April 4th, Wall Street Journal reports. Stockholders of record on Thursday, April 19th will be paid a dividend of 0.1175 per share by the asset manager on Wednesday, May 2nd. This represents a $1.41 annualized dividend and a dividend yield of 8.27%. The ex-dividend date of this dividend is Wednesday, April 18th.
Shares of NASDAQ SUNS opened at $17.04 on Tuesday. Solar Senior Capital has a fifty-two week low of $16.10 and a fifty-two week high of $18.40. The stock has a market cap of $271.70, a P/E ratio of 12.10, a P/E/G ratio of 2.39 and a beta of 0.59.
Solar Senior Capital (NASDAQ:SUNS) last issued its quarterly earnings data on Thursday, February 22nd. The asset manager reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. Solar Senior Capital had a net margin of 72.70% and a return on equity of 8.38%. The business had revenue of $9.05 million for the quarter, compared to analysts’ expectations of $8.74 million. research analysts predict that Solar Senior Capital will post 1.42 EPS for the current year.
In other Solar Senior Capital news, insider Bruce J. Spohler purchased 11,254 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were purchased at an average cost of $16.85 per share, for a total transaction of $189,629.90. Following the completion of the transaction, the insider now owns 4,000 shares in the company, valued at $67,400. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bruce J. Spohler purchased 5,113 shares of the company’s stock in a transaction on Monday, March 5th. The stock was acquired at an average price of $16.74 per share, for a total transaction of $85,591.62. Following the completion of the transaction, the insider now owns 4,000 shares of the company’s stock, valued at approximately $66,960. The disclosure for this purchase can be found here. 5.60% of the stock is owned by insiders.
A number of equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of Solar Senior Capital from a “strong sell” rating to a “sell” rating in a research note on Friday, March 2nd. Zacks Investment Research cut shares of Solar Senior Capital from a “hold” rating to a “sell” rating in a research note on Friday, January 5th.
Solar Senior Capital Company Profile
Solar Senior Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to seek to maximize current income consistent with the preservation of capital. The Company 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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