Solar Capital Company Profile (NASDAQ:SLRC)

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

Solar Capital announced a quarterly dividend on Thursday, August 3rd. Shareholders 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 dividend on an annualized basis and a yield of 7.69%. The ex-dividend date of this dividend is Wednesday, September 20th. View Solar Capital's Dividend History.

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

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

5 analysts have issued 12 month price objectives for Solar Capital's shares. Their predictions range from $22.40 to $24.00. On average, they expect Solar Capital's share price to reach $23.10 in the next twelve months. View Analyst Ratings for Solar Capital.

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

• 1. 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)
• 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. " (7/12/2017)

Some companies that are related to Solar Capital include Ares Capital Corporation (ARCC), Prospect Capital Corporation (PSEC), 3i Infrastructure PLC (3IN), FS Investment Corporation (FSIC), Apollo Investment Corporation (AINV), Liberty All-Star Equity Fund (USA), Golub Capital BDC (GBDC), New Mountain Finance Corporation (NMFC), Hercules Capital (HTGC), Ithaca Energy (IAE), Triangle Capital Corporation (TCAP), Invesco California Value Municipal Income Trust (VCV), PennantPark Investment Corporation (PNNT), BlackRock Capital Investment Corporation (BKCC), PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL), MFS Charter Income Trust (MCR) and Fidus Investment Corporation (FDUS).

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

Solar Capital's stock is owned by a number of of retail and institutional investors. Top institutional investors include Muzinich & Co. Inc. (0.00%), Yorktown Management & Research Co Inc (0.00%), Wasatch Advisors Inc. (0.00%), JPMorgan Chase & Co. (0.00%), Confluence Investment Management LLC (0.00%) and West Family Investments Inc. (1.13%). 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.

Solar Capital's stock was sold by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Chicago Partners Investment Group LLC, Wells Fargo & Company MN, Bank of Montreal Can, OxFORD Asset Management LLP, Sumitomo Mitsui Asset Management Company LTD, Nationwide Fund Advisors and AXA. View Insider Buying and Selling for Solar Capital.

Solar Capital's stock was purchased by a variety of institutional investors in the last quarter, including Muzinich & Co. Inc., Acadian Asset Management LLC, Advisors Asset Management Inc., Catalyst Capital Advisors LLC, Goldman Sachs Group Inc., Shelton Capital Management, Cetera Investment Advisers 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. View Insider Buying and Selling for Solar Capital.

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.

One share of Solar Capital stock can currently be purchased for approximately $20.81.