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NASDAQ:SLRC

Solar Capital Stock Forecast, Price & News

$15.77
+0.41 (+2.67 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$15.26
Now: $15.77
$15.83
50-Day Range
$15.36
MA: $16.61
$17.37
52-Week Range
$7.42
Now: $15.77
$21.24
Volume156,152 shs
Average Volume208,601 shs
Market Capitalization$666.44 million
P/E RatioN/A
Dividend Yield10.68%
Beta1.31
Solar Capital Ltd. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, and strategic income-oriented control equity investments in leveraged middle market companies. The fund invests in aerospace and defense; air freight & logistics; asset management; automotive; banking; beverage, food and tobacco; building products; buildings and real estate; broadcasting and entertainment; cargo transport; commercial services and supplies; communications equipment; chemicals, plastics and rubber; containers, packaging and glass; construction & engineering; diversified/conglomerate manufacturing; consumer Finance; distributors; diversified/conglomerate services; diversified financial services; diversified real estate sctivities; food products; Footwear; Education Services; diversified telecommunications services; electronics; farming and agriculture; finance; grocery; health care equipment and supplies; health care facilities; education and childcare; home and office furnishing, durable consumer products; hotels, motels, inns and gaming; insurance; restaurants, leisure, amusement, and entertainment; leisure equipment tolls and services, media, multiline retail, multi sector holdings; paper and forest products; personal products; professional services, research and consulting services, software; specialty retail; textiles apparel and luxury goods, thrifts and mortgage finance, trading companies and distributors, utilities, and wireless telecommunication services; industrial conglomerates; internet software and services, IT services, machinery; mining, steel, iron, and non precious metals; oil and gas; personal, food and miscellaneous services; printing and publishing; retail stores; telecommunications; textiles and leather; and utilities. It also invests in life sciences with focus on specialty pharmaceuticals, medical devices, biotech, health Care Providers and services; health Care technology, enabling technologies and tools. The fund primarily invests in United States. The fund's investments generally range between $5 million and $100 million. The fund invests in companies with revenues between $50 million and $1 billion and EBITDA between $15 million and $100 million. It invests in the form of senior secured loans, mezzanine loans, and equity securities. It may also seek investments in thinly traded public companies and also make secondary investments. The fund makes non-control equity investments. It primarily exits within three years of the initial capital commitment.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.70 out of 5 stars


Industry, Sector and Symbol

Industry Investment offices, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:SLRC
CUSIP83413U10
Phone212-993-1670

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$154.71 million
Cash Flow$1.62 per share
Book Value$21.44 per share

Profitability

Net Income$56.02 million

Miscellaneous

EmployeesN/A
Market Cap$666.44 million
Next Earnings Date11/2/2020 (Estimated)
OptionableOptionable
$15.77
+0.41 (+2.67 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Solar Capital (NASDAQ:SLRC) Frequently Asked Questions

How has Solar Capital's stock been impacted by Coronavirus (COVID-19)?

Solar Capital's stock was trading at $16.86 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SLRC stock has decreased by 6.5% and is now trading at $15.77.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Solar Capital?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Solar Capital in the last year. There are currently 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Solar Capital
.

When is Solar Capital's next earnings date?

Solar Capital is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
View our earnings forecast for Solar Capital
.

How were Solar Capital's earnings last quarter?

Solar Capital Ltd. (NASDAQ:SLRC) announced its quarterly earnings data on Tuesday, August, 4th. The financial services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by $0.01. The financial services provider had revenue of $28.63 million for the quarter, compared to analysts' expectations of $30.51 million. Solar Capital had a negative net margin of 7.14% and a positive return on equity of 7.51%.
View Solar Capital's earnings history
.

How often does Solar Capital pay dividends? What is the dividend yield for Solar Capital?

Solar Capital announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Thursday, September 17th will be given a dividend of $0.41 per share on Friday, October 2nd. This represents a $1.64 annualized dividend and a dividend yield of 10.40%. The ex-dividend date of this dividend is Wednesday, September 16th.
View Solar Capital's dividend history
.

What price target have analysts set for SLRC?

7 equities research analysts have issued 12 month target prices for Solar Capital's stock. Their forecasts range from $17.00 to $21.50. On average, they anticipate Solar Capital's stock price to reach $18.54 in the next year. This suggests a possible upside of 17.5% from the stock's current price.
View analysts' price targets for Solar Capital
.

Who are some of Solar Capital's key competitors?

What other stocks do shareholders of Solar Capital own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Solar Capital investors own include AT&T (T), Ares Capital (ARCC), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), Main Street Capital (MAIN), Pfizer (PFE), Omega Healthcare Investors (OHI), Prospect Capital (PSEC), ANNALY CAP MGMT/SH (NLY) and IBM (IBM).

Who are Solar Capital's key executives?

Solar Capital's management team includes the following people:
  • Mr. Michael S. Gross, Chairman, Pres & CEO (Age 57)
  • Mr. Richard L. Peteka, Treasurer, Sec. & CFO (Age 57)
  • Mr. Richard R. Pivirotto Jr., Investor Relations
  • Mr. Guy Francis Talarico J.D., Chief Compliance Officer (Age 64)
  • Mr. Anthony Storino, Head of Healthcare Venture Lending

What is Solar Capital's stock symbol?

Solar Capital trades on the NASDAQ under the ticker symbol "SLRC."

Who are Solar Capital's major shareholders?

Solar Capital's stock is owned by a number of retail and institutional investors. Top institutional shareholders include UBS Group AG (1.48%), West Family Investments Inc. (1.13%), Sumitomo Mitsui Trust Holdings Inc. (1.00%), Cliffwater LLC (0.93%), Sei Investments Co. (0.84%) and Confluence Investment Management LLC (0.68%). Company insiders that own Solar Capital stock include Bruce J Spohler, David Wachter, Guy Talarico, Michael S Gross, Richard Peteka and Steven Hochberg.
View institutional ownership trends for Solar Capital
.

Which major investors are selling Solar Capital stock?

SLRC stock was sold by a variety of institutional investors in the last quarter, including B. Riley Wealth Management Inc., Bank of Montreal Can, Gillson Capital LP, Virtus ETF Advisers LLC, Confluence Investment Management LLC, Blair William & Co. IL, Montag A & Associates Inc., and Advisory Research Inc..
View insider buying and selling activity for Solar Capital
.

Which major investors are buying Solar Capital stock?

SLRC stock was acquired by a variety of institutional investors in the last quarter, including UBS Group AG, Cliffwater LLC, WINTON GROUP Ltd, Stifel Financial Corp, Triad Investment Management, M&T Bank Corp, Goldman Sachs Group Inc., and Mckinley Capital Management LLC Delaware. Company insiders that have bought Solar Capital stock in the last two years include Bruce J Spohler, David Wachter, Guy Talarico, Michael S Gross, Richard Peteka, and Steven Hochberg.
View insider buying and selling activity for Solar Capital
.

How do I buy shares of Solar Capital?

Shares of SLRC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Solar Capital's stock price today?

One share of SLRC stock can currently be purchased for approximately $15.77.

How big of a company is Solar Capital?

Solar Capital has a market capitalization of $666.44 million and generates $154.71 million in revenue each year. The financial services provider earns $56.02 million in net income (profit) each year or $1.71 on an earnings per share basis.

What is Solar Capital's official website?

The official website for Solar Capital is www.solarcapltd.com.

How can I contact Solar Capital?

Solar Capital's mailing address is 500 PARK AVENUE 3RD FLOOR, NEW YORK NY, 10022. The financial services provider can be reached via phone at 212-993-1670 or via email at [email protected]

This page was last updated on 9/26/2020 by MarketBeat.com Staff

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