Solar Senior Capital Ltd (NASDAQ:SUNS) – Equities research analysts at Oppenheimer dropped their FY2018 earnings per share estimates for Solar Senior Capital in a research note issued on Tuesday, November 6th. Oppenheimer analyst C. Kotowski now forecasts that the asset manager will post earnings per share of $1.40 for the year, down from their previous forecast of $1.41.
Solar Senior Capital (NASDAQ:SUNS) last issued its quarterly earnings results on Monday, November 5th. The asset manager reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. The firm 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 $16.52 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.27 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $264.51 million, a PE ratio of 11.72 and a beta of 0.56. Solar Senior Capital has a 1 year low of $15.71 and a 1 year high of $18.40.
Large investors have recently modified their holdings of the company. Stratos Wealth Partners LTD. acquired a new stake in shares of Solar Senior Capital in the third quarter worth approximately $105,000. Nisa Investment Advisors LLC boosted its stake in shares of Solar Senior Capital by 68.0% in the third quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the asset manager’s stock worth $211,000 after acquiring an additional 5,100 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Solar Senior Capital by 16.2% in the first quarter. Wells Fargo & Company MN now owns 78,886 shares of the asset manager’s stock worth $1,325,000 after acquiring an additional 10,997 shares during the last quarter. Resource America Inc. boosted its stake in shares of Solar Senior Capital by 36.0% in the third quarter. Resource America Inc. now owns 113,034 shares of the asset manager’s stock worth $1,889,000 after acquiring an additional 29,940 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Solar Senior Capital by 4.7% in the third quarter. JPMorgan Chase & Co. now owns 811,612 shares of the asset manager’s stock worth $13,562,000 after acquiring an additional 36,287 shares during the last quarter. 23.13% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently declared a monthly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Wednesday, November 21st will be paid a $0.1175 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This is a positive change from Solar Senior Capital’s previous monthly dividend of $0.12. This represents a $1.41 dividend on an annualized basis and a dividend yield of 8.54%. Solar Senior Capital’s payout ratio is currently 100.00%.
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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