Solar Capital Company Profile (NASDAQ:SLRC)

About Solar Capital (NASDAQ:SLRC)

Solar Capital logoSolar 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: Closed End Funds
  • Sub-Industry: Asset Management & Custody Banks
  • Symbol: NASDAQ:SLRC
  • CUSIP: 83413U10
  • Web:
Average Prices:
  • 50 Day Moving Avg: $21.27
  • 200 Day Moving Avg: $21.76
  • 52 Week Range: $19.26 - $22.94
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 11.93
  • P/E Growth: 2.65
  • Annual Dividend: $1.60
  • Dividend Yield: 7.2%
  • Net Margins: 54.87%
  • Return on Equity: 7.30%
  • Return on Assets: 3.96%
  • Debt-to-Equity Ratio: 0.32%
  • Current Ratio: 1.00%
  • Quick Ratio: 1.00%
  • Average Volume: 86,555 shs.
  • Beta: 0.55

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 declared a quarterly dividend on Thursday, August 3rd. Stockholders of record on Thursday, September 21st will be paid a dividend of $0.40 per share on Tuesday, October 3rd. This represents a $1.60 annualized dividend and a dividend yield of 7.45%. The ex-dividend date of this dividend is Wednesday, September 20th. View Solar Capital's Dividend History.

How were Solar Capital's earnings last quarter?

Solar Capital Ltd. (NASDAQ:SLRC) released its quarterly earnings results on Tuesday, August, 1st. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by $0.03. The business earned $33.89 million during the quarter, compared to analysts' expectations of $36.51 million. Solar Capital had a return on equity of 7.30% and a net margin of 54.87%. View Solar Capital's Earnings History.

When will Solar Capital make its next earnings announcement?

Solar Capital is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Solar Capital.

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

5 brokerages have issued 12 month price objectives for Solar Capital's stock. Their predictions range from $22.40 to $24.00. On average, they expect Solar Capital's stock price to reach $23.10 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. 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. " (10/11/2017)
  • 2. National Securities analysts commented, "• The portfolio at fair value decreased Q/Q to $1.22 billion from $1.32 billion, causing NII/share to fall $0.02/share short of the $0.40/share quarterly dividend. However, on 7/31/17 Solar announced that it had acquired National Equipment Finance (NEF) for $210 million, paying slightly above tangible book value for the company. Importantly, the acquisition adds another specialty finance vertical to SLRC’s arsenal which already has Crystal Financial for ABL (asset-based lending), two unitranche joint ventures (JV), a life sciences JV, and life sciences lending platform.
    • Solar remains one of the most disciplined credit investors in the entire BDC sector. Management has had no issue with permitting the portfolio to shrink even if it means earnings come in light. We respect that Solar is not managing the company for the next 90 days, and this is reflected in the pristine asset quality and stable NAV/share. Non-accruals are still confined to one company, Direct Buy, with a cost equivalent to 0.7% of the portfolio. We continue to think SLRC should command a better valuation than it currently has given the NAV stability and earnings drivers the company has.
    • We are revising out 2017 NII/share estimate to $1.63 from $1.75 and our 2018 NII/share estimate to $1.82 from $1.83. " (8/7/2017)

Who are some of Solar Capital's key competitors?

Who are Solar Capital's key executives?

Solar Capital's management team includes the folowing people:

  • Michael S. Gross, Chairman of the Board, President, Chief Executive Officer
  • Richard L. Peteka, Chief Financial Officer, Treasurer, Secretary
  • Bruce J. Spohler, Chief Operating Officer, Director
  • Guy F. Talarico, Chief Compliance Officer
  • Steven Hochberg, Independent Director
  • Leonard A. Potter, Independent Director
  • David S. Wachter, Independent Director

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.

What is Solar Capital's stock price today?

One share of Solar Capital stock can currently be purchased for approximately $21.47.

MarketBeat Community Rating for Solar Capital (NASDAQ SLRC)
Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  203 (Vote Outperform)
Underperform Votes:  182 (Vote Underperform)
Total Votes:  385
MarketBeat's community ratings are surveys of what our community members think about Solar Capital and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Solar Capital (NASDAQ:SLRC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.40)
Consensus Price Target: $23.10 (7.59% upside)
Consensus Price Target History for Solar Capital (NASDAQ:SLRC)
Price Target History for Solar Capital (NASDAQ:SLRC)
Analysts' Ratings History for Solar Capital (NASDAQ:SLRC)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/7/2017National SecuritiesReiterated RatingBuy$24.00LowView Rating Details
8/3/2017Keefe, Bruyette & WoodsSet Price TargetHold$23.00LowView Rating Details
5/1/2017J P Morgan Chase & CoDowngradeOverweight -> Neutral$23.00MediumView Rating Details
2/24/2017Ladenburg Thalmann Financial ServicesDowngradeBuy -> NeutralN/AView Rating Details
1/3/2017Compass PointInitiated CoverageBuy$22.40N/AView Rating Details
8/16/2016Citigroup Inc.Boost Price TargetNeutral$17.00 -> $20.00N/AView Rating Details
8/4/2016Deutsche Bank AGBoost Price TargetBuy$23.00 -> $23.50N/AView Rating Details
2/25/2016Cantor FitzgeraldReiterated RatingBuy$21.00N/AView Rating Details
(Data available from 10/21/2015 forward)


Earnings History for Solar Capital (NASDAQ:SLRC)
Earnings by Quarter for Solar Capital (NASDAQ:SLRC)
Earnings History by Quarter for Solar Capital (NASDAQ SLRC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017$0.42N/AView Earnings Details
8/1/2017Q2 2017$0.41$0.38$36.51 million$33.89 millionViewListenView Earnings Details
5/2/2017Q1 2017$0.42$0.39$36.24 million$34.39 millionViewListenView Earnings Details
2/22/2017Q4 2016$0.42$0.42$36.74 million$36.64 millionViewListenView Earnings Details
8/2/2016Q2$0.41$0.46$36.52 million$41.37 millionViewListenView Earnings Details
5/3/2016Q116$0.40$0.67$34.97 million$34.01 millionViewN/AView Earnings Details
2/24/2016Q415$0.40$0.40$33.43 million$31.51 millionViewListenView Earnings Details
11/3/2015Q3$0.39$0.40$32.23 million$30.45 millionViewListenView Earnings Details
8/4/2015Q2$0.38$0.38$29.27 million$27.98 millionViewListenView Earnings Details
5/5/2015Q115$0.39$0.34$29.35 million$25.63 millionViewListenView Earnings Details
2/25/2015Q414$0.39$0.40$30.14 million$32.95 millionViewListenView Earnings Details
11/4/2014Q313$0.39$0.39$30.11 million$28.36 millionViewListenView Earnings Details
8/4/2014$0.40$0.38$30.74 million$28.00 millionViewListenView Earnings Details
5/5/2014Q213$0.40$0.31$33.32 million$32.63 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)


Earnings Estimates for Solar Capital (NASDAQ:SLRC)
2017 EPS Consensus Estimate: $1.74
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.41$0.43$0.42
Q2 20172$0.42$0.44$0.43
Q3 20172$0.41$0.46$0.44
Q4 20172$0.45$0.46$0.46
Q1 20181$0.45$0.45$0.45
Q2 20181$0.45$0.45$0.45
Q4 20181$0.47$0.47$0.47
(Data provided by Zacks Investment Research)


Current Dividend Information for Solar Capital (NASDAQ:SLRC)
Most Recent Dividend:10/3/2017
Annual Dividend:$1.60
Dividend Yield:7.45%
Payout Ratio:85.11% (Trailing 12 Months of Earnings)
98.77% (Based on This Year's Estimates)
88.89% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Solar Capital (NASDAQ:SLRC)

Dividend History by Quarter for Solar Capital (NASDAQ SLRC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Solar Capital (NASDAQ:SLRC)
Insider Ownership Percentage: 5.90%
Institutional Ownership Percentage: 62.74%
Insider Trades by Quarter for Solar Capital (NASDAQ:SLRC)
Institutional Ownership by Quarter for Solar Capital (NASDAQ:SLRC)
Insider Trades by Quarter for Solar Capital (NASDAQ:SLRC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/2/2017Michael S GrossInsiderBuy19,666$22.28$438,158.48View SEC Filing  
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)


Headline Trends for Solar Capital (NASDAQ:SLRC)
Latest Headlines for Solar Capital (NASDAQ:SLRC)
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Solar Capital (SLRC) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by Staff

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