NASDAQ:SLRC - Solar Capital Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $21.06 -0.15 (-0.71 %) (As of 05/24/2019 01:27 AM ET)Previous Close$21.21Today's Range$21.01 - $21.2252-Week Range$18.45 - $22.00Volume42,700 shsAverage Volume116,677 shsMarket Capitalization$890.02 millionP/E Ratio11.90Dividend Yield7.73%Beta0.73 ProfileAnalyst RatingsChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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. Receive SLRC News and Ratings via Email Sign-up to receive the latest news and ratings for SLRC and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NASDAQ Industry Investment offices, not elsewhere classified Sub-IndustryAsset Management & Custody Banks SectorFinance Current SymbolNASDAQ:SLRC Previous Symbol CUSIP83413U10 CIK1418076 Webhttp://www.solarcapltd.com/ Phone212-993-1670Debt Debt-to-Equity Ratio0.64 Current Ratio1.07 Quick Ratio1.07Price-To-Earnings Trailing P/E Ratio11.90 Forward P/E Ratio11.83 P/E Growth3.96 Sales & Book Value Annual Sales$153.53 million Price / Sales5.80 Cash Flow$1.7638 per share Price / Cash Flow11.94 Book Value$21.93 per share Price / Book0.96Profitability EPS (Most Recent Fiscal Year)$1.77 Net Income$66.87 million Net Margins46.58% Return on Equity8.05% Return on Assets4.38%Miscellaneous EmployeesN/A Outstanding Shares42,261,000Market Cap$890.02 million Next Earnings Date8/5/2019 (Estimated) OptionableOptionable Solar Capital (NASDAQ:SLRC) Frequently Asked Questions What is Solar Capital's stock symbol? Solar Capital trades on the NASDAQ under the ticker symbol "SLRC." How often does Solar Capital pay dividends? What is the dividend yield for Solar Capital? Solar Capital announced a quarterly dividend on Monday, May 6th. Stockholders of record on Thursday, June 20th will be given a dividend of $0.41 per share on Tuesday, July 2nd. This represents a $1.64 annualized dividend and a dividend yield of 7.79%. The ex-dividend date is Wednesday, June 19th. View Solar Capital's Dividend History. How were Solar Capital's earnings last quarter? Solar Capital Ltd. (NASDAQ:SLRC) posted its earnings results on Monday, May, 6th. The financial services provider reported $0.44 EPS for the quarter, hitting analysts' consensus estimates of $0.44. The financial services provider had revenue of $39.26 million for the quarter, compared to analysts' expectations of $40.30 million. Solar Capital had a net margin of 46.58% and a return on equity of 8.05%. View Solar Capital's Earnings History. When is Solar Capital's next earnings date? Solar Capital is scheduled to release their next quarterly earnings announcement on Monday, August 5th 2019. View Earnings Estimates for Solar Capital. What price target have analysts set for SLRC? 4 brokers have issued 12-month target prices for Solar Capital's stock. Their predictions range from $19.00 to $25.00. On average, they anticipate Solar Capital's share price to reach $22.3750 in the next twelve months. This suggests a possible upside of 6.2% from the stock's current price. View Analyst Price Targets for Solar Capital. What is the consensus analysts' recommendation for Solar Capital? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Solar Capital in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Solar Capital. What are Wall Street analysts saying about Solar Capital stock? Here are some recent quotes from research analysts about Solar Capital stock: 1. According to Zacks Investment Research, "Solar Capital Ltd. is a closed-end investment company that invests primarily in leveraged companies, including middle market companies, in the form of senior secured loans, mezzanine loans, and equity securities. " (5/10/2019) 2. National Securities analysts commented, "▪ SLRC earned $0.44/share of NII for 1Q19, a penny shy of our estimate but comfortably above the $0.41/share quarterly dividend. The dividend is being comfortably out-earned even with a balance sheet that is underleveraged with minimal prepayment-related income (both fees and acceleration of unamortized OID). This leads us to expect an increase in the quarterly dividend by a penny per share both in 2019 and 2020 with payout ratios remaining conservative. ▪ NAV/share bounced back to $21.93 from $21.75 Q/Q as credit spreads tightened for the 3/31/19 quarter. We expect NAV/share to steadily improve courtesy of an out-earned dividend and what we expect will be a continuation of very strong asset quality. We regard Solar as one of the most disciplined credit investors in the BDC sector. ▪ The revenue stream at Solar remains arguably the most diversified in the entire sector. In 1Q19, 31.1% was from cash flow lending, 31.2% from asset-based lending (ABL), 14.2% from equipment financing, and 23.5% from life sciences lending. This permits Solar to maintain both yield and volume even during periods of material spread compression and poor terms that have plagued middle market cash flow lending. We see this is as a significant advantage for the company and one that we do not believe the market fully appreciates. ▪ The 30% basket has been freed up significantly since 3Q18 when JVs were brought on-balance sheet and the company will likely continue to evaluate more specialty finance platform acquisitions. Although we do not model in an acquisition as we are unsure of what this could look like and when it could take place, any such acquisition could further diversify SLRC’s revenue stream and lead us to expect greater portfolio growth than we currently anticipate. ▪ We are revising our 2019 NII/share estimate to $1.81 from $1.86 and are our 2020 NII/share estimate to $1.96 from $2.00. We are maintaining our BUY rating and $25 price target." (5/8/2019) Has Solar Capital been receiving favorable news coverage? News coverage about SLRC stock has trended somewhat positive recently, InfoTrie reports. The research firm scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Solar Capital earned a news sentiment score of 1.9 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days. Who are some of Solar Capital's key competitors? Some companies that are related to Solar Capital include DNP Select Income Fund (DNP), Nuveen Municipal Value Fund (NUV), Adams Diversified Equity Fund (ADX), PIMCO Corporate&Income Opportunity Fund (PTY), Gabelli Equity Trust (GAB), Tri-Continental (TY), Hercules Capital (HTGC), Tortoise Energy Infrastructure (TYG), Royce Value Trust (RVT), Liberty All-Star Equity Fund (USA), Boulder Growth & Income Fund (BIF), Apollo Investment (AINV), PIMCO High Income Fund (PHK), AllianceBernstein Global Hgh Incm Fd (AWF) and Blackrock Muniyield Insured Fund (MYI). 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 Omega Healthcare Investors (OHI), AT&T (T), Ares Capital (ARCC), ANNALY CAP MGMT/SH (NLY), Oxford Square Capital (OXSQ), Prospect Capital (PSEC), Main Street Capital (MAIN), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET) and Pfizer (PFE). Who are Solar Capital's key executives? Solar Capital's management team includes the folowing 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 RelationsMr. Guy Francis Talarico J.D., Chief Compliance Officer (Age 64)Mr. Anthony Storino, Head of Healthcare Venture Lending Who are Solar Capital's major shareholders? Solar Capital's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (11.98%), JPMorgan Chase & Co. (2.22%), Muzinich & Co. Inc. (1.27%), Confluence Investment Management LLC (1.16%), Morgan Stanley (1.02%) and Punch & Associates Investment Management Inc. (0.78%). Company insiders that own Solar Capital stock include Michael S Gross 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 Wellington Management Group LLP, CNO Financial Group Inc., Ares Management LLC, Muzinich & Co. Inc., Shelton Capital Management, Eagle Boston Investment Management Inc., Advisors Asset Management Inc. and Cliffwater LLC. View Insider Buying and Selling for Solar Capital. Which major investors are buying Solar Capital stock? SLRC stock was bought by a variety of institutional investors in the last quarter, including AJO LP, Marshall Wace LLP, Morgan Stanley, Acadian Asset Management LLC, Bank of Montreal Can, JPMorgan Chase & Co., SEI Investments Co and Alphasimplex Group LLC. Company insiders that have bought Solar Capital stock in the last two years include Michael S Gross and Steven Hochberg. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab. What is Solar Capital's stock price today? One share of SLRC stock can currently be purchased for approximately $21.06. How big of a company is Solar Capital? Solar Capital has a market capitalization of $890.02 million and generates $153.53 million in revenue each year. The financial services provider earns $66.87 million in net income (profit) each year or $1.77 on an earnings per share basis. What is Solar Capital's official website? The official website for Solar Capital is http://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] MarketBeat Community Rating for Solar Capital (NASDAQ SLRC)Community Ranking: 2.4 out of 5 ( )Outperform Votes: 300 (Vote Outperform)Underperform Votes: 322 (Vote Underperform)Total Votes: 622MarketBeat's community ratings are surveys of what our community members think about Solar Capital and other stocks. Vote "Outperform" if you believe SLRC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SLRC will underperform the S&P 500 over the long term. You may vote once every thirty days. This page was last updated on 5/24/2019 by MarketBeat.com StaffFeatured Article: Momentum Indicators Receive Analysts' Upgrades and Downgrades Daily Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.