Shares of Solar Senior Capital Ltd (NASDAQ:SUNS) have earned an average broker rating score of 2.00 (Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company.
Analysts have set a 12 month consensus price objective of $17.25 for the company and are expecting that the company will post $0.34 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Solar Senior Capital an industry rank of 143 out of 265 based on the ratings given to its competitors.
A number of analysts recently issued reports on SUNS shares. Maxim Group lowered their price target on Solar Senior Capital from $18.00 to $17.50 and set a “buy” rating for the company in a research report on Thursday, November 5th. Zacks Investment Research upgraded Solar Senior Capital from a “sell” rating to a “hold” rating in a research report on Thursday, October 22nd.
Shares of Solar Senior Capital (NASDAQ:SUNS) opened at 14.90 on Monday. Solar Senior Capital has a one year low of $14.02 and a one year high of $16.70. The stock’s 50 day moving average is $15.28 and its 200-day moving average is $15.30.
Solar Senior Capital (NASDAQ:SUNS) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. Analysts forecast that Solar Senior Capital will post $1.33 earnings per share for the current year.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, January 5th. Shareholders of record on Thursday, December 17th will be paid a $0.1175 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.41 dividend on an annualized basis and a yield of 9.46%.
In other Solar Senior Capital news, insider Bruce J. Spohler purchased 2,400 shares of the firm’s stock in a transaction dated Friday, December 11th. The shares were acquired at an average price of $14.82 per share, with a total value of $35,568.00. Following the purchase, the insider now directly owns 4,000 shares in the company, valued at approximately $59,280. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Rs Properties I. Llc purchased 29,060 shares of the firm’s stock in a transaction dated Thursday, December 3rd. The stock was acquired at an average cost of $15.83 per share, for a total transaction of $460,019.80. Following the purchase, the insider now owns 140,908 shares in the company, valued at $2,230,573.64. The disclosure for this purchase can be found here.
Solar Senior Capital Ltd. (NASDAQ:SUNS) is a closed-end, externally managed, non-diversified management investment company. SUNS’ investment objective is to seek to maximize current income consistent with the preservation of capital. The Company invests primarily in the United States middle market companies. The Company invests in senior loans, including first lien and second lien debt instruments, and in debt of public companies that are thinly traded. The Company invests in senior loans made primarily to private leveraged middle-market companies with approximately $20 million to $100 million of earnings before interest, taxes, depreciation and amortization (EBITDA). SUNS’ investments consist of cash, cash equivalents, the United States Government securities or investment grade debt securities maturing in one year or less from the time of investment (collectively referred to as temporary investments). The Company is managed by Solar Capital Partners, LLC (Solar Capital Partners).
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