Solar Capital Ltd. is a closed-end, externally managed, non-diversified 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 privately held the United States middle market companies. It invests in leveraged middle market companies in the form of senior secured loans, unitranche loans, mezzanine loans and equity securities. It may also invest in public companies that are thinly traded. Its business is focused primarily on the direct origination of investments through portfolio companies or their financial sponsors. Its investments generally range between $5 million and $100 million each. In addition, the Company may invest a portion of its portfolio in other types of investments, which it refers to as opportunistic investments. The Company's investment activities are managed by Solar Capital Partners, LLC (Solar Capital Partners or the Investment Advisor).
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Diversified Investments
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NASDAQ:SLRC
- CUSIP: 83413U10
- Web: www.solarcapltd.com
- 50 Day Moving Avg: $22.22
- 200 Day Moving Avg: $21.60
- 52 Week Range: $18.15 - $22.94
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 12.11
- P/E Growth: 2.58
- Annual Dividend: $1.60
- Dividend Yield: 7.3%
- Net Margins: 50.98%
- Return on Equity: 7.83%
- Return on Assets: 4.27%
- Debt-to-Equity Ratio: 0.48%
- Current Ratio: 0.99%
- Quick Ratio: 0.99%
- Average Volume: 115,839 shs.
- Beta: 0.44
Frequently Asked Questions for Solar Capital (NASDAQ:SLRC)
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 Thursday, May 4th. Shareholders of record on Thursday, June 22nd will be given a dividend of $0.40 per share on Wednesday, July 5th. This represents a $1.60 annualized dividend and a yield of 7.26%. The ex-dividend date of this dividend is Tuesday, June 20th. View Solar Capital's Dividend History.
How were Solar Capital's earnings last quarter?
Solar Capital Ltd. (NASDAQ:SLRC) issued its quarterly earnings results on Tuesday, May, 2nd. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.42 by $0.03. The firm had revenue of $34.39 million for the quarter, compared to analyst estimates of $36.24 million. Solar Capital had a net margin of 50.98% and a return on equity of 7.83%. View Solar Capital's Earnings History.
When will Solar Capital make its next earnings announcement?
Where is Solar Capital's stock going? Where will Solar Capital's stock price be in 2017?
7 equities research analysts have issued twelve-month price objectives for Solar Capital's stock. Their forecasts range from $20.00 to $24.00. On average, they expect Solar Capital's share price to reach $22.40 in the next year. View Analyst Ratings for Solar Capital.
What are analysts saying about Solar Capital stock?
Here are some recent quotes from research analysts about Solar Capital stock:
- 1. National Securities analysts commented, "• NII/share fell a penny short of the $0.40/share quarterly dividend and our estimate of $0.42. However, we note that the quarter was negatively impacted by a $536,000 ($0.01/share) expense related to the issuance of the 2022 unsecured notes. Despite the lackluster earnings, balance sheet leverage remains significantly under SLRC’s target of 0.75x (at 0.41x as of 3/31/17) and that the joint ventures (JV) are not fully ramped. We expect the increased balance sheet leverage, full utilization of JVs, and the different strategies of cash flow middle market lending, ABL (asset-based lending) through Crystal Financial, and the life sciences lending platform have the ability to drive significant portfolio growth the next two years.
• SLRC’s asset quality remains very strong and we expect this will continue. Solar has proven that they are a credit investor, not asset gatherer, and have been very disciplined with not putting capital to work for the sake of growing the portfolio. This conservative credit approach is evident in the very strong asset quality at Solar, with the company having a single loan on non-accrual representing 64 bps of the portfolio at amortized cost.
• We are revising out 2017 NII/share estimate to $1.71 from $1.75 and our 2018 NII/share estimate to $1.83 from $1.85.
- 2. 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. " (5/6/2017)
Who are some of Solar Capital's key competitors?
Who owns Solar Capital stock?
Solar Capital's stock is owned by a number of of institutional and retail investors. Top institutional investors include Wellington Management Group LLP (0.00%), Thornburg Investment Management Inc. (0.00%), UBS Group AG (0.00%), Muzinich & Co. Inc. (0.00%), Yorktown Management & Research Co Inc (2.94%) and Clough Capital Partners L P (0.00%). Company insiders that own Solar Capital stock include Bruce J Spohler, David Wachter, Michael S Gross and Steven Hochberg. View Institutional Ownership Trends for Solar Capital.
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 Punch & Associates Investment Management Inc., Advisors Asset Management Inc., Wellington Management Group LLP, Morgan Stanley, Confluence Investment Management LLC, Global Endowment Management LP, Meritage Portfolio Management and Coe Capital Management LLC. View Insider Buying and Selling for Solar Capital.
Who bought Solar Capital stock? Who is buying Solar Capital stock?
Solar Capital's stock was bought by a variety of institutional investors in the last quarter, including Muzinich & Co. Inc., UBS Group AG, Sumitomo Mitsui Asset Management Company LTD, Oxford Asset Management, Clough Capital Partners L P, Yorktown Management & Research Co Inc, PVG Asset Management Corp and Van ECK Associates Corp. 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. View Insider Buying and Selling for Solar Capital.
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 $22.04.
Earnings History for Solar Capital (NASDAQ:SLRC)Earnings History by Quarter for Solar Capital (NASDAQ:SLRC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/31/2017|| || || || || || || || |
|5/2/2017||Q1 2017||$0.42||$0.39||$36.24 million||$34.39 million||View||Listen|
|2/22/2017||Q4 2016||$0.42||$0.42||$36.74 million||$36.64 million||View||Listen|
|8/2/2016||Q2||$0.41||$0.46||$36.52 million||$41.37 million||View||Listen|
|5/3/2016||Q116||$0.40||$0.67||$34.97 million||$34.01 million||View||N/A|
|2/24/2016||Q415||$0.40||$0.40||$33.43 million||$31.51 million||View||Listen|
|11/3/2015||Q3||$0.39||$0.40||$32.23 million||$30.45 million||View||Listen|
|8/4/2015||Q2||$0.38||$0.38||$29.27 million||$27.98 million||View||Listen|
|5/5/2015||Q115||$0.39||$0.34||$29.35 million||$25.63 million||View||Listen|
|2/25/2015||Q414||$0.39||$0.40||$30.14 million||$32.95 million||View||Listen|
|11/4/2014||Q313||$0.39||$0.39||$30.11 million||$28.36 million||View||Listen|
|8/4/2014||$0.40||$0.38||$30.74 million||$28.00 million||View||Listen|
|5/5/2014||Q213||$0.40||$0.31||$33.32 million||$32.63 million||View||Listen|
|5/7/2013||Q1 2013||$0.58||$0.58||$45.98 million||View||Listen|
Earnings Estimates for Solar Capital (NASDAQ:SLRC)
2017 EPS Consensus Estimate: $1.76
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Solar Capital (NASDAQ:SLRC)
|Payout Ratio:||89.89% (Trailing 12 Months of Earnings) |
95.81% (Based on This Year's Estimates)
87.91% (Based on Next Year's Estimates)
Dividend History by Quarter for Solar Capital (NASDAQ:SLRC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Solar Capital (NASDAQ:SLRC)
Insider Ownership Percentage: 5.80%Insider Trades by Quarter for Solar Capital (NASDAQ:SLRC)
Institutional Ownership Percentage: 59.26%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|3/2/2017||Michael S Gross||Insider||Buy||19,666||$22.28||$438,158.48|| |
|5/12/2016||Steven Hochberg||Director||Buy||12,000||$18.32||$219,840.00|| |
|3/1/2016||Michael S Gross||Insider||Buy||49,580||$17.23||$854,263.40|| |
|2/29/2016||David Wachter||Director||Buy||5,000||$16.90||$84,500.00|| |
|12/11/2015||Bruce J Spohler||Insider||Buy||9,500||$16.95||$161,025.00|| |
|12/10/2015||Michael S Gross||Insider||Buy||11,900||$17.24||$205,156.00|| |
|12/9/2015||Michael S. Gross||insider||Buy||1,727||$17.24||$29,773.48|| |
|12/8/2015||Michael S. Gross||insider||Buy||872||$17.19||$14,989.68|| |
|12/7/2015||Michael S. Gross||insider||Buy||20,000||$17.37||$347,400.00|| |
|11/19/2015||Bruce J Spohler||Insider||Buy||2,500||$17.65||$44,125.00|| |
|11/18/2015||Bruce J. Spohler||insider||Buy||2,000||$17.55||$35,100.00|| |
|11/16/2015||Michael S Gross||Insider||Buy||20,000||$17.53||$350,600.00|| |
|5/14/2015||Michael S Gross||Insider||Buy||29,500||$18.75||$553,125.00|| |
|3/3/2015||Bruce J Spohler||Insider||Buy||52,236||$20.25||$1,057,779.00|| |
|12/15/2014||Michael S Gross||Insider||Buy||28,000||$17.68||$495,040.00|| |
|12/11/2014||Michael S Gross||Insider||Buy||29,000||$17.82||$516,780.00|| |
|3/5/2014||Michael Gross||Insider||Buy||78,989||$22.27||$1,759,085.03|| |
Headline Trends for Solar Capital (NASDAQ:SLRC)
Latest Headlines for Solar Capital (NASDAQ:SLRC)
Solar Capital (SLRC) Chart for Thursday, May, 25, 2017