Solar Capital Company Profile (NASDAQ:SLRC)

About Solar Capital

Solar Capital logoSolar Capital Ltd. is a management investment company. The Company's investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests in the United States middle market companies. It invests primarily in leveraged middle markets companies in the form of senior secured loans, mezzanine loans and equity securities. The Company is focused primarily on the direct origination of investments through portfolio companies or financial sponsors. Its investments range from $5 million to $100 million. It is managed by Solar Capital Partners, LLC (Solar Capital Partners). It invests in a portfolio of industries, such as aerospace and defense, air freight and logistics, automobiles, asset management and custody banks, building products, chemicals, commercial services and supplies, communications equipment, construction and engineering, consumer finance, containers and packaging, distributors and diversified consumer services.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Diversified Investments
  • Sub-Industry: Asset Management & Custody Banks
  • Exchange: NASDAQ
  • Symbol: SLRC
  • CUSIP: 83413U10
Key Metrics:
  • Previous Close: $22.13
  • 50 Day Moving Average: $21.52
  • 200 Day Moving Average: $20.67
  • 52-Week Range: $15.95 - $22.19
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 12.29
  • P/E Growth: 2.60
  • Market Cap: $N/A
  • Beta: 0.44
Profitability:
  • Net Margins: 50.98%
  • Return on Equity: 7.83%
  • Return on Assets: 4.27%
Debt:
  • Debt-to-Equity Ratio: 0.48%
  • Current Ratio: 0.99%
  • Quick Ratio: 0.99%
Additional Links:
Companies Related to Solar Capital:

Analyst Ratings

Consensus Ratings for Solar Capital (NASDAQ:SLRC) (?)
Ratings Breakdown: 2 Hold Ratings, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $21.73 (1.79% downside)

Analysts' Ratings History for Solar Capital (NASDAQ:SLRC)
Show:
DateFirmActionRatingPrice TargetDetails
1/3/2017Compass PointInitiated CoverageBuy$22.40View Rating Details
11/3/2016National SecuritiesReiterated RatingBuy$22.00View Rating Details
8/16/2016Citigroup Inc.Boost Price TargetNeutral$17.00 -> $20.00View Rating Details
8/4/2016Deutsche Bank AGBoost Price TargetBuy$23.00 -> $23.50View Rating Details
8/3/2016Keefe, Bruyette & WoodsSet Price TargetHold$20.00 -> $21.50View Rating Details
2/25/2016Cantor FitzgeraldReiterated RatingBuy$21.00View Rating Details
9/30/2015Bear StearnsInitiated CoverageBuy$20.00View Rating Details
9/30/2015DA DavidsonInitiated CoverageBuy$20.00View Rating Details
8/6/2015Ladenburg Thalmann Financial ServicesUpgradeNeutral -> BuyView Rating Details
7/1/2015BMO Capital MarketsReiterated RatingBuy$22.00View Rating Details
5/10/2015Royal Bank Of CanadaReiterated RatingOutperform$24.00 -> $22.00View Rating Details
2/26/2015Wells Fargo & CompanyUpgradeMarket Perform -> OutperformView Rating Details
(Data available from 2/21/2015 forward)

Earnings

Earnings History for Solar Capital (NASDAQ:SLRC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/23/2017ListenView Earnings Details
8/2/2016Q2$0.41$0.46ViewListenView Earnings Details
5/3/2016Q116$0.40$0.67$34.56 millionViewN/AView Earnings Details
2/24/2016Q415$0.40$0.40$32.86 millionViewListenView Earnings Details
11/4/2015Q3$0.39$0.40ViewListenView Earnings Details
8/4/2015Q2$0.38$0.38ViewListenView Earnings Details
5/5/2015Q115$0.39$0.34$29.23 millionViewListenView Earnings Details
2/25/2015Q414$0.39$0.40$29.50 millionViewListenView Earnings Details
11/4/2014Q313$0.39$0.39$29.40 millionViewListenView Earnings Details
8/4/2014$0.40$0.38ViewListenView Earnings Details
5/5/2014Q213$0.40$0.31$33.32 millionViewListenView Earnings Details
2/25/2014$0.40$0.42ViewListenView Earnings Details
5/7/2013Q1 2013$0.58$0.58$45.98 millionViewListenView Earnings Details
11/1/2012Q312$0.61$0.82$39.63 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Solar Capital (NASDAQ:SLRC)
Current Year EPS Consensus Estimate: $1.69 EPS
Next Year EPS Consensus Estimate: $1.80 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20164$0.40$0.42$0.41
Q2 20163$0.40$0.43$0.42
Q3 20162$0.40$0.43$0.42
Q4 20163$0.42$0.43$0.42
Q1 20172$0.43$0.43$0.43
Q2 20172$0.43$0.44$0.44
Q3 20172$0.44$0.46$0.45
Q4 20172$0.45$0.46$0.46
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Solar Capital (NASDAQ:SLRC)
Annual Dividend:$1.60
Dividend Yield:7.23%
Payout Ratio:89.89% (Based on Trailing 12 Months of Earnings)
94.67% (Based on Current Year Consensus EPS Estimate)
88.89% (Based on Next Year Consensus EPS Estimate)

Dividend History for Solar Capital (NASDAQ:SLRC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/3/2016quarterly$0.408.11%12/13/201612/15/20161/4/2017
8/4/2016quarterly$0.407.94%9/20/20169/22/201610/4/2016
5/5/2016quarterly$0.408.69%6/21/20166/23/20167/1/2016
2/24/2016$0.403/22/20163/24/20164/7/2016
2/25/2016quarterly$0.409.54%3/22/20163/24/20164/1/2016
11/4/2015quarterly$0.408.87%12/15/201512/17/20151/6/2016
8/7/2015quarterly$0.408.7%9/22/20159/24/201510/2/2015
5/6/2015quarterly$0.408.5%6/23/20156/25/20157/1/2015
2/26/2015quarterly$0.408.07%3/17/20153/19/20154/2/2015
11/4/2014quarterly$0.408.46%12/16/201412/18/20141/5/2015
8/7/2014quarterly$0.408.08%9/16/20149/18/201410/1/2014
5/5/2014quarterly$0.407.47%6/17/20146/19/20147/1/2014
2/25/2014quarterly$0.407.26%3/18/20143/20/20144/1/2014
10/30/2013quarterly$0.406.97%12/17/201312/19/20131/3/2014
7/24/2013quarterly$0.409/19/201310/2/2013
5/7/2013quarterly$0.609.96%6/18/20136/20/20137/1/2013
2/25/2013quarterly$0.609.75%3/19/20133/21/20134/2/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Solar Capital (NASDAQ:SLRC)
Insider Ownership Percentage: 5.80%
Institutional Ownership Percentage: 59.26%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/12/2016Steven HochbergDirectorBuy12,000$18.32$219,840.00View SEC Filing  
3/1/2016Michael S GrossInsiderBuy49,580$17.23$854,263.40View SEC Filing  
2/29/2016David WachterDirectorBuy5,000$16.90$84,500.00View SEC Filing  
12/11/2015Bruce J SpohlerInsiderBuy9,500$16.95$161,025.00View SEC Filing  
12/10/2015Michael S GrossInsiderBuy11,900$17.24$205,156.00View SEC Filing  
12/9/2015Michael S. GrossinsiderBuy1,727$17.24$29,773.48View SEC Filing  
12/8/2015Michael S. GrossinsiderBuy872$17.19$14,989.68View SEC Filing  
12/7/2015Michael S. GrossinsiderBuy20,000$17.37$347,400.00View SEC Filing  
11/19/2015Bruce J SpohlerInsiderBuy2,500$17.65$44,125.00View SEC Filing  
11/18/2015Bruce J. SpohlerinsiderBuy2,000$17.55$35,100.00View SEC Filing  
11/16/2015Michael S GrossInsiderBuy20,000$17.53$350,600.00View SEC Filing  
5/14/2015Michael S GrossInsiderBuy29,500$18.75$553,125.00View SEC Filing  
3/3/2015Bruce J SpohlerInsiderBuy52,236$20.25$1,057,779.00View SEC Filing  
12/15/2014Michael S GrossInsiderBuy28,000$17.68$495,040.00View SEC Filing  
12/11/2014Michael S GrossInsiderBuy29,000$17.82$516,780.00View SEC Filing  
3/5/2014Michael GrossInsiderBuy78,989$22.27$1,759,085.03View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Solar Capital (NASDAQ:SLRC)
DateHeadline
investornewswire.com logoSolar Capital Ltd. (NASDAQ:SLRC) Records An Impact Score Of 0 - Investor Newswire (NASDAQ:SLRC)
www.investornewswire.com - February 13 at 8:15 AM
News IconSolar Capital Ltd. (SLRC)’s Wedge Up Pattern Points to Lower Stock Risks (NASDAQ:SLRC)
randolphguide.com - January 30 at 9:44 PM
investornewswire.com logoSentiments And Ratings Alert: Solar Capital Ltd. (NASDAQ:SLRC) - Investor Newswire (NASDAQ:SLRC)
www.investornewswire.com - January 11 at 11:50 PM
finanznachrichten.de logoSOLAR CAPITAL LTD (NASDAQ:SLRC)
www.finanznachrichten.de - January 9 at 10:58 PM
finance.yahoo.com logoSolar Capital Ltd. Schedules the Release of its Financial Results for the Quarter and Fiscal Year Ended December 31, 2016 (NASDAQ:SLRC)
finance.yahoo.com - January 9 at 10:58 PM
marketexclusive.com logoAnalyst Activity – Compass Point Initiates Coverage On Solar Capital (NASDAQ:SLRC) With a Buy (NASDAQ:SLRC)
marketexclusive.com - January 4 at 1:45 AM
stocksdaily.net logoSolar Capital Ltd. (NASDAQ:SLRC) EPS Projection At $0.41? - Stocks Daily (NASDAQ:SLRC)
www.stocksdaily.net - January 1 at 12:39 AM
stocksdaily.net logoSolar Capital Ltd. (NASDAQ:SLRC) FY2016 EPS Projection At $1.75 - Stocks Daily (NASDAQ:SLRC)
www.stocksdaily.net - January 1 at 12:39 AM
investornewswire.com logoSolar Capital Ltd. (NASDAQ:SLRC) Records An Impact Score Of 89 - Investor Newswire (NASDAQ:SLRC)
www.investornewswire.com - December 27 at 7:33 PM
News IconSky Solar Holdings, Ltd (NASDAQ:SLRC)
larampadinapoli.com - December 17 at 12:55 AM
bloomberg.com logoDancing With the Bond Market Stars (NASDAQ:SLRC)
www.bloomberg.com - December 9 at 7:48 PM
News IconPIMCO forms joint venture with Solar Capital Partners (NASDAQ:SLRC)
www.pehub.com - December 8 at 12:43 AM
News IconPIMCO forms joint venture with Solar Capital Partners - PE Hub - PE Hub (subscription) (blog) (NASDAQ:SLRC)
www.pehub.com - December 7 at 7:42 PM
einnews.com logoPIMCO Announces Joint Venture with Solar Capital Partners in Private Corporate Credit - EIN News (press release) (NASDAQ:SLRC)
www.einnews.com - December 7 at 8:34 AM
stocksdaily.net logoSolar Capital Ltd. (NASDAQ:SLRC) EPS Target Set At $0.41 - Stocks Daily (NASDAQ:SLRC)
www.stocksdaily.net - December 6 at 8:33 AM
News IconSolar Capital Ltd. (NASDAQ:SLRC) Analyst Recommendation - NewsDen (NASDAQ:SLRC)
newsden.net - December 3 at 10:08 AM
News IconSolar Capital Ltd. (SLRC) - Financial and Strategic SWOT Analysis Review - New Report Available (NASDAQ:SLRC)
reports.pr-inside.com - November 21 at 7:59 PM
investornewswire.com logoSolar Capital Ltd. (NASDAQ:SLRC) :EPS Estimate At $0.4567 - Investor Newswire (NASDAQ:SLRC)
www.investornewswire.com - November 21 at 12:47 PM
News IconaTyr Pharma to snag $20 mln from SVB and Solar Capital - PE Hub (subscription) (blog) (NASDAQ:SLRC)
www.pehub.com - November 21 at 12:47 PM
stocksdaily.net logoStock Price Target Of Solar Capital Ltd. (NASDAQ:SLRC) At $22.1 - Stocks Daily (NASDAQ:SLRC)
www.stocksdaily.net - November 16 at 11:16 AM
mysmartrend.com logoSolar Capital Shares Up 23.9% Since SmarTrend's Buy Recommendation (SLRC) (NASDAQ:SLRC)
www.mysmartrend.com - November 11 at 10:29 AM
marketwatch.com logoSolar Capital Ltd. Issues $50 Million of Unsecured Private Notes - MarketWatch (NASDAQ:SLRC)
www.marketwatch.com - November 10 at 10:51 AM
finance.yahoo.com logo8:31 am Solar Capital issues $50 mln of five-and-a-half year senior unsecured notes in a private placement with a fixed interest rate of 4.4% and a maturity date of May 8, 2022 (NASDAQ:SLRC)
finance.yahoo.com - November 10 at 10:50 AM
publicnow.com logoSolar Capital Ltd. Issues $50 Million of Unsecured Private Notes (NASDAQ:SLRC)
www.publicnow.com - November 10 at 10:50 AM
seekingalpha.com logoSolar Capital's (SLRC) CEO Michael Gross on Q3 2016 Results - Earnings Call Transcript (NASDAQ:SLRC)
seekingalpha.com - November 4 at 7:03 PM
marketwired.com logoSolar Capital Ltd. Announces Quarter Ended September 30, 2016 Financial Results; 1% NAV Increase and $0.45 NII ... - Marketwired (press release) (NASDAQ:SLRC)
www.marketwired.com - November 4 at 11:30 AM
finance.yahoo.com logoEdited Transcript of SLRC earnings conference call or presentation 3-Nov-16 2:00pm GMT (NASDAQ:SLRC)
finance.yahoo.com - November 4 at 11:30 AM
News IconSolar Capital misses 3Q profit forecasts - Yahoo Sports (NASDAQ:SLRC)
sports.yahoo.com - November 3 at 7:32 PM
seekingalpha.com logoSolar Capital's (SLRC) CEO Michael Gross on Q3 2016 Results - Earnings Call Transcript - Seeking Alpha (NASDAQ:SLRC)
seekingalpha.com - November 3 at 7:32 PM
biz.yahoo.com logoSolar Capital Ltd Earnings Call scheduled for 10:00 am ET today (NASDAQ:SLRC)
biz.yahoo.com - November 3 at 11:46 AM
sg.finance.yahoo.com logoSolar Capital misses 3Q profit forecasts (NASDAQ:SLRC)
sg.finance.yahoo.com - November 2 at 7:51 PM
biz.yahoo.com logoQ3 2016 Solar Capital Ltd Earnings Release - After Market Close (NASDAQ:SLRC)
biz.yahoo.com - November 2 at 11:03 AM
mysmartrend.com logoSolar Capital Shares Up 18.4% Since SmarTrend's Buy Recommendation (SLRC) (NASDAQ:SLRC)
www.mysmartrend.com - October 28 at 7:07 PM
stocksdaily.net logoEPS Target Of Solar Capital Ltd. (NASDAQ:SLRC) At $0.43? - Stocks Daily (NASDAQ:SLRC)
www.stocksdaily.net - October 27 at 7:32 PM
stocksdaily.net logoWill Solar Capital Ltd. (NASDAQ:SLRC) Surprise Analysts This Quarter? - Stocks Daily (NASDAQ:SLRC)
www.stocksdaily.net - October 27 at 7:32 PM
News IconSentiment Update on This Dynamic Stock: Solar Capital Ltd. (NASDAQ:SLRC) - CSZ News (NASDAQ:SLRC)
cincysportszone.com - October 23 at 11:31 AM
News IconSolar Capital Ltd. (NASDAQ:SLRC) – Broker Update - NewsDen (NASDAQ:SLRC)
newsden.net - October 21 at 7:24 PM
News IconAppraising The Value of These Shares: Solar Capital Ltd. (NASDAQ:SLRC) - CSZ News (NASDAQ:SLRC)
cincysportszone.com - October 21 at 7:24 PM
mysmartrend.com logo18.5% Return Seen to Date on SmarTrend Solar Capital Call (SLRC) (NASDAQ:SLRC)
www.mysmartrend.com - October 20 at 7:38 PM
investornewswire.com logoSales Estimate For Solar Capital Ltd. (NASDAQ:SLRC) At $171.186 - Investor Newswire (NASDAQ:SLRC)
www.investornewswire.com - October 19 at 1:28 PM
mysmartrend.com logoSolar Capital Up 20.5% Since SmarTrend Uptrend Call (SLRC) (NASDAQ:SLRC)
www.mysmartrend.com - October 14 at 7:08 PM
investornewswire.com logoWhat Is Rating Of Solar Capital Ltd. (NASDAQ:SLRC)? - Investor Newswire (NASDAQ:SLRC)
www.investornewswire.com - October 12 at 7:18 PM
investornewswire.com logoSolar Capital Ltd. (NASDAQ:SLRC) Sales Estimate At $171.186 - Investor Newswire (NASDAQ:SLRC)
www.investornewswire.com - October 12 at 10:10 AM
News IconNew Broker Views On Solar Senior Capital Ltd. (NASDAQ:SUNS) (NASDAQ:SLRC)
thelakeandeswave.com - October 8 at 11:51 AM
baystreet.ca logoSolar Capital (SLRC) Down on Term Loan with Scynexis (NASDAQ:SLRC)
www.baystreet.ca - October 7 at 7:01 PM
finance.yahoo.com logoVolatile Trading Seen In SCYNEXIS Amid Favorable Trial News (NASDAQ:SLRC)
finance.yahoo.com - October 6 at 7:04 PM
feeds.reuters.com logoBRIEF-Solar Capital enters into amendment no. 2 to senior secured credit agreement (NASDAQ:SLRC)
feeds.reuters.com - October 6 at 6:57 PM
investornewswire.com logoSolar Capital Ltd. (NASDAQ:SLRC) Projected Sales At $171.186 - Investor Newswire (NASDAQ:SLRC)
www.investornewswire.com - October 6 at 12:56 PM
247wallst.com logoWhy Scynexis Is Making a Run (NASDAQ:SLRC)
247wallst.com - October 6 at 12:56 PM
feeds.reuters.com logoBRIEF-Scynexis enters into loan and security agreement with Solar Capital (NASDAQ:SLRC)
feeds.reuters.com - October 5 at 5:00 PM

Social

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 declared a quarterly dividend on Thursday, November 3rd. Investors of record on Thursday, December 15th will be paid a dividend of $0.40 per share on Wednesday, January 4th. This represents a $1.60 annualized dividend and a yield of 7.23%. The ex-dividend date is Tuesday, December 13th.

Where is Solar Capital's stock going? Where will Solar Capital's stock price be in 2017?

6 brokerages have issued 12-month price targets for Solar Capital's shares. Their forecasts range from $20.00 to $23.50. On average, they anticipate Solar Capital's stock price to reach $21.73 in the next twelve months.

When will Solar Capital announce their earnings?

Solar Capital is scheduled to release their next quarterly earnings announcement on Wednesday, February, 22nd 2017.

What are analysts saying about Solar Capital stock?

Here are some recent quotes from research analysts about Solar Capital stock:

  • 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. " (2/4/2017)

  • National Securities analysts commented, "3Q16 Recap: Solar Capital (SLRC) reported NII/share of $0.40 in 3Q16 versus consensus estimates of $0.43 and our estimate of $0.45. However, NII was negatively impacted by a $2.7 million one-time expense related to the amendment of the credit facility with the maturity being extended. Absent this one-time fee and adding back the reduction in the incentive fee this caused, SLRC earned $0.45/share exceeding consensus and matching our estimate. Asset quality remains very strong, with Direct Buy remaining the only non-accrual and representing only 0.6% of the portfolio at amortized cost. As a result, NAV/share increased by 1.0% Q/Q to $21.72. NIM (net investment margin) was 9.43% backing out the $2.7 million credit facility amendment expense, down from 10.07% the quarter prior as all-in effective yield slipped to 11.07% from 11.64% in 2Q16. We expect that NII ROAE (return on average equity) will increase along with balance sheet leverage. D/E (debt-to-equity) finished 3Q16 at 0.48x with Solar having a target of 0.75x; likely permitting strong portfolio growth through 2017 without the need to issue equity. We are revising our 2016 and 2017 NII/share estimates to $1.71 and $1.86, respectively, from $1.78 and $1.90 previously and are maintaining our $22 price target. Our $22 price target implies an estimated 2017 P/ NII of 11.8x, dividend yield of 7.3%, and P/NAV of 0.99x compared to the BDC sector averages of 9.1x, 10.6%, and 0.85x, respectively." (11/3/2016)

Who owns Solar Capital stock?

Solar Capital's stock is owned by a number of of institutional and retail investors. Top institutional investors include Thornburg Investment Management Inc. (10.92%), Clough Capital Partners L P (0.00%), West Family Investments Inc. (0.00%), Guggenheim Capital LLC (0.00%), Advisory Research Inc. (0.00%) and Van ECK Associates Corp (0.41%). Company insiders that own Solar Capital stock include Bruce J Spohler, David Wachter, Michael S Gross and Steven Hochberg.

Who sold Solar Capital stock? Who is selling Solar Capital stock?

Solar Capital's stock was sold by a variety of institutional investors in the last quarter, including TCW Group Inc., Clough Capital Partners L P and WESCAP Management Group Inc..

Who bought Solar Capital stock? Who is buying Solar Capital stock?

Solar Capital's stock was acquired by a variety of institutional investors in the last quarter, including Advisory Research Inc., Guggenheim Capital LLC, Signia Capital Management LLC, Van ECK Associates Corp, Two Sigma Investments LP, GSA Capital Partners LLP, Trexquant Investment LP and Partners Group Holding AG. Company insiders that have bought Solar Capital stock in the last two years include Bruce J Spohler, David Wachter, Michael S Gross and Steven Hochberg.

How do I buy Solar Capital stock?

Shares of Solar Capital can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Solar Capital stock cost?

One share of Solar Capital stock can currently be purchased for approximately $22.13.

Solar Capital (NASDAQ:SLRC) Chart for Tuesday, February, 21, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Solar Capital (NASDAQ:SLRC)

Earnings History Chart

Earnings by Quarter for Solar Capital (NASDAQ:SLRC)

Dividend History Chart

Dividend Payments by Quarter for Solar Capital (NASDAQ:SLRC)

Last Updated on 2/21/2017 by MarketBeat.com Staff