Solar Senior Capital’s (SUNS) Buy Rating Reiterated at Maxim Group

Maxim Group reaffirmed their buy rating on shares of Solar Senior Capital (NASDAQ:SUNS) in a research note issued to investors on Wednesday, AnalystRatings.com reports. They currently have a $19.00 price objective on the asset manager’s stock.

A number of other equities research analysts also recently issued reports on the company. BidaskClub downgraded Solar Senior Capital from a strong-buy rating to a buy rating in a research note on Thursday, October 10th. Zacks Investment Research downgraded Solar Senior Capital from a buy rating to a hold rating in a research note on Thursday, October 10th.

Shares of NASDAQ:SUNS opened at $17.77 on Wednesday. Solar Senior Capital has a fifty-two week low of $14.50 and a fifty-two week high of $18.00. The business has a 50-day simple moving average of $17.43 and a two-hundred day simple moving average of $16.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.54 and a current ratio of 0.56. The firm has a market cap of $283.66 million, a price-to-earnings ratio of 12.60 and a beta of 0.59.

Solar Senior Capital (NASDAQ:SUNS) last released its quarterly earnings results on Monday, November 4th. The asset manager reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The business had revenue of $10.40 million during the quarter, compared to the consensus estimate of $10.89 million. Solar Senior Capital had a return on equity of 8.59% and a net margin of 35.72%. As a group, research analysts predict that Solar Senior Capital will post 1.39 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.117 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.90%. Solar Senior Capital’s dividend payout ratio is currently 100.00%.

Several institutional investors have recently added to or reduced their stakes in SUNS. Marshall Wace LLP bought a new stake in shares of Solar Senior Capital during the 1st quarter valued at about $42,000. Advisor Group Inc. grew its stake in shares of Solar Senior Capital by 48.4% during the 2nd quarter. Advisor Group Inc. now owns 9,214 shares of the asset manager’s stock valued at $146,000 after purchasing an additional 3,006 shares during the period. Manchester Capital Management LLC bought a new stake in shares of Solar Senior Capital during the 2nd quarter valued at about $32,000. Wells Fargo & Company MN grew its stake in shares of Solar Senior Capital by 75.3% during the 2nd quarter. Wells Fargo & Company MN now owns 20,447 shares of the asset manager’s stock valued at $326,000 after purchasing an additional 8,782 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Solar Senior Capital by 7.0% during the 2nd quarter. Acadian Asset Management LLC now owns 131,779 shares of the asset manager’s stock valued at $2,094,000 after purchasing an additional 8,631 shares during the period. Institutional investors and hedge funds own 20.02% of the company’s stock.

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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