Separately, Zacks Investment Research raised shares of Booz Allen Hamilton from a hold rating to a buy rating and set a $71.00 price target on the stock in a research report on Friday, June 28th.
NASDAQ:SUNS opened at $16.39 on Tuesday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.21. Solar Senior Capital has a 1-year low of $14.50 and a 1-year high of $17.56. The firm has a 50-day moving average price of $16.18. The stock has a market cap of $262.48 million, a PE ratio of 11.52 and a beta of 0.58.
Solar Senior Capital (NASDAQ:SUNS) last issued its quarterly earnings results on Monday, May 6th. The asset manager reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Solar Senior Capital had a net margin of 38.53% and a return on equity of 8.50%. The business had revenue of $10.23 million for the quarter, compared to analysts’ expectations of $10.10 million. On average, analysts predict that Solar Senior Capital will post 1.38 earnings per share for the current year.
The business also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Thursday, July 25th will be given a dividend of $0.117 per share. The ex-dividend date is Wednesday, July 24th. This represents a $1.40 annualized dividend and a dividend yield of 8.57%. Solar Senior Capital’s payout ratio is 100.00%.
Several hedge funds have recently modified their holdings of the company. B. Riley Wealth Management Inc. bought a new position in shares of Solar Senior Capital during the fourth quarter worth about $4,194,000. Confluence Investment Management LLC raised its stake in Solar Senior Capital by 2.0% during the first quarter. Confluence Investment Management LLC now owns 67,877 shares of the asset manager’s stock worth $1,165,000 after acquiring an additional 1,336 shares during the period. Two Sigma Advisers LP raised its stake in Solar Senior Capital by 11.4% during the fourth quarter. Two Sigma Advisers LP now owns 47,522 shares of the asset manager’s stock worth $719,000 after acquiring an additional 4,878 shares during the period. Two Sigma Investments LP raised its stake in Solar Senior Capital by 18.5% during the fourth quarter. Two Sigma Investments LP now owns 42,294 shares of the asset manager’s stock worth $639,000 after acquiring an additional 6,610 shares during the period. Finally, Glassman Wealth Services acquired a new stake in Solar Senior Capital during the first quarter worth about $167,000. 19.38% of the stock is currently owned by institutional investors and hedge funds.
About Solar Senior Capital
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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