About Solar Capital
Solar 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
- 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
- Net Margins: 50.98%
- Return on Equity: 7.83%
- Return on Assets: 4.27%
Companies Related to Solar Capital:
- Debt-to-Equity Ratio: 0.48%
- Current Ratio: 0.99%
- Quick Ratio: 0.99%
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.