Solar Senior Capital Ltd (NASDAQ:SUNS) – Stock analysts at Oppenheimer cut their Q4 2018 earnings per share estimates for shares of Solar Senior Capital in a research report issued to clients and investors on Tuesday, November 6th. Oppenheimer analyst C. Kotowski now expects that the asset manager will post earnings of $0.33 per share for the quarter, down from their previous estimate of $0.35. Oppenheimer also issued estimates for Solar Senior Capital’s Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.39 EPS.
Solar Senior Capital (NASDAQ:SUNS) last announced its earnings results on Monday, November 5th. The asset manager reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. The company had revenue of $11.01 million for the quarter, compared to analyst estimates of $10.10 million. Solar Senior Capital had a return on equity of 8.41% and a net margin of 58.33%.
Shares of NASDAQ SUNS opened at $16.51 on Thursday. The company has a market cap of $263.87 million, a PE ratio of 11.71 and a beta of 0.56. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.27 and a current ratio of 0.11. Solar Senior Capital has a 1-year low of $15.71 and a 1-year high of $18.40.
The business also recently declared a monthly dividend, which will be paid on Tuesday, December 4th. Investors of record on Wednesday, November 21st will be given a dividend of $0.1175 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.41 dividend on an annualized basis and a yield of 8.54%. This is an increase from Solar Senior Capital’s previous monthly dividend of $0.12. Solar Senior Capital’s dividend payout ratio is currently 100.00%.
A number of large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its position in Solar Senior Capital by 68.0% during the third quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the asset manager’s stock worth $211,000 after buying an additional 5,100 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in Solar Senior Capital during the third quarter worth approximately $105,000. Wells Fargo & Company MN grew its position in Solar Senior Capital by 16.2% during the first quarter. Wells Fargo & Company MN now owns 78,886 shares of the asset manager’s stock worth $1,325,000 after buying an additional 10,997 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Solar Senior Capital by 4.7% during the third quarter. JPMorgan Chase & Co. now owns 811,612 shares of the asset manager’s stock worth $13,562,000 after buying an additional 36,287 shares in the last quarter. 23.13% of the stock is currently owned by institutional investors and hedge funds.
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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