NASDAQ:SLRC - Solar Capital Stock Price, News, & Analysis

Question 1

What is Solar Capital's stock symbol?

Answer

Solar Capital trades on the NASDAQ under the ticker symbol "SLRC."

Question 2

How often does Solar Capital pay dividends? What is the dividend yield for Solar Capital?

Answer

Solar Capital announced a quarterly dividend on Thursday, August 2nd. Investors of record on Thursday, September 20th will be given a dividend of $0.41 per share on Tuesday, October 2nd. This represents a $1.64 annualized dividend and a dividend yield of 7.60%. The ex-dividend date of this dividend is Wednesday, September 19th. View Solar Capital's Dividend History.

Question 3

How were Solar Capital's earnings last quarter?

Answer

Solar Capital Ltd. (NASDAQ:SLRC) announced its quarterly earnings data on Monday, August, 6th. The financial services provider reported $0.45 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.46 by $0.01. The financial services provider had revenue of $39.19 million for the quarter, compared to the consensus estimate of $38.17 million. Solar Capital had a net margin of 48.51% and a return on equity of 8.01%. View Solar Capital's Earnings History.

Question 4

When is Solar Capital's next earnings date?

Answer

Solar Capital is scheduled to release their next quarterly earnings announcement on Thursday, November, 1st 2018. View Earnings Estimates for Solar Capital.

Question 5

What price target have analysts set for SLRC?

Answer

4 equities research analysts have issued 1 year price targets for Solar Capital's stock. Their predictions range from $23.00 to $25.00. On average, they expect Solar Capital's share price to reach $24.00 in the next year. This suggests a possible upside of 11.2% from the stock's current price. View Analyst Price Targets for Solar Capital.

Question 6

What is the consensus analysts' recommendation for Solar Capital?

Answer

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Solar Capital in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Solar Capital.

Question 7

What are Wall Street analysts saying about Solar Capital stock?

Answer

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. " (9/12/2018)
2. National Securities analysts commented, " For 2Q18 SLRC had $0.45/share of NII versus our estimate of $0.46 and the dividend of $0.41. We expect that Solar will be able to maintain a stable overall effective yield and that combined with increased balance sheet leverage and ROE serve to boost earnings. Accordingly, we think the dividend can be increased again in 2019 with a comfortably low NII payout ratio of 87% by our estimates.
 The company’s Board approved reduced asset coverage and stated that it’s going to target 0.90x-1.25x D/E. Solar announced that it would take a 100 bps base fee on assets purchased with leverage over 1.00x, which we view as a positive move but a distant second to the permanent and outright reduction in base fees concomitant with increased leverage approval.
 Solar announced its intent to bring its SSLP on balance sheet and free up the 30% basket to potentially make more specialty finance acquisitions. This is a creative move and one that Solar is familiar with having been successful in acquiring another lending business uncorrelated to all the other current revenue streams the company currently has. While we don’t want to guess at what types of non-qualifying lending platforms the company may acquire and when, we do expect management to do it right as it has in the past with acquisitions.
 Solar continues to be one of the most disciplined credit investors in the sector and management guided towards reduced middle market cash flow loans but sounded upbeat on ABL prospects with that portfolio experiencing net growth in the quarter. While it’s difficult to have continual net growth in ABL given the rapid repayments we expect that these loans in conjunction with NEF and life sciences loans will offset any slowdown in cash flow lending.
 We are revising our 2018 NII/share estimate to $1.82 from $1.86 and our 2019 NII/share estimate to $1.95 from $1.98 and maintaining our BUY rating and $25 price target." (8/9/2018)

Question 8

Who are some of Solar Capital's key competitors?

Answer

Some companies that are related to Solar Capital include DNP Select Income Fund (DNP), Nuveen Municipal Value Fund (NUV), Adams Diversified Equity Fund (ADX), Gabelli Equity Trust (GAB), Tri-Continental (TY), Royce Value Trust (RVT), Tortoise Energy Infrastructure (TYG), PIMCO Corporate&Income Opportunity Fund (PTY), Liberty All-Star Equity Fund (USA), Hercules Capital (HTGC), Apollo Investment (AINV), Boulder Growth & Income Fund (BIF), PIMCO High Income Fund (PHK), AllianceBernstein Global Hgh Incm Fd (AWF) and General American Investors (GAM).

Question 9

Who are Solar Capital's key executives?

Answer

Solar Capital's management team includes the folowing people:

Michael S. Gross, Chairman, President & Chief Executive Officer
Bruce J. Spohler, Chief Operating Officer & Director
Richard L. Peteka, Chief Financial Officer, Secretary & Treasurer
Guy F. Talarico, Chief Compliance Officer

Question 10

Has Solar Capital been receiving favorable news coverage?

Answer

News articles about SLRC stock have been trending somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Solar Capital earned a news impact score of 0.18 on Accern's scale. They also gave media stories about the financial services provider an impact score of 46.57 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days. View Recent Headlines for Solar Capital.

Question 11

Who are Solar Capital's major shareholders?

Answer

Solar Capital's stock is owned by a number of of institutional and retail investors. Top institutional investors include United Services Automobile Association (1.69%), Aristotle Capital Boston LLC (1.23%), Eagle Boston Investment Management Inc. (0.96%), CNO Financial Group Inc. (0.86%), Millennium Management LLC (0.64%) and Advisors Asset Management Inc. (0.59%). View Institutional Ownership Trends for Solar Capital.

Question 12

Which major investors are selling Solar Capital stock?

Answer

SLRC stock was sold by a variety of institutional investors in the last quarter, including Aristotle Capital Boston LLC, Sumitomo Mitsui Asset Management Company LTD, BlackRock Inc., Advisors Asset Management Inc., Advisors Asset Management Inc., Catalyst Capital Advisors LLC, SMH Capital Advisors Inc. and Meritage Portfolio Management. View Insider Buying and Selling for Solar Capital.

Question 13

Which major investors are buying Solar Capital stock?

Answer

SLRC stock was purchased by a variety of institutional investors in the last quarter, including United Services Automobile Association, Bank of Montreal Can, Millennium Management LLC, CNO Financial Group Inc., Neville Rodie & Shaw Inc., Van ECK Associates Corp, Mckinley Capital Management LLC Delaware and California Public Employees Retirement System. View Insider Buying and Selling for Solar Capital.

Question 14

How do I buy shares of Solar Capital?

Answer

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.

Question 15

What is Solar Capital's stock price today?

Answer

One share of SLRC stock can currently be purchased for approximately $21.59.

Question 16

How big of a company is Solar Capital?

Answer

Solar Capital has a market capitalization of $908.61 million and generates $143.34 million in revenue each year. The financial services provider earns $70.43 million in net income (profit) each year or $1.62 on an earnings per share basis.

Question 17

How can I contact Solar Capital?

Answer

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]

Community Ranking:		2.5 out of 5 ( )
Outperform Votes:		270 (Vote Outperform)
Underperform Votes:		277 (Vote Underperform)
Total Votes:		547

NASDAQ:SLRC - Solar Capital Stock Price, News, & Analysis

Receive SLRC News and Ratings via Email

Industry, Sector and Symbol

Debt

Price-To-Earnings

Sales & Book Value

Profitability

Miscellaneous

Solar Capital (NASDAQ:SLRC) Frequently Asked Questions