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, May 4th. Stockholders of record on Thursday, June 22nd will be paid a dividend of $0.40 per share on Wednesday, July 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date is Tuesday, June 20th. View Solar Capital's Dividend History.

Solar Capital Ltd. (NASDAQ:SLRC) issued its quarterly earnings results on Tuesday, May, 2nd. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.03. The firm had revenue of $34.39 million for the quarter, compared to the consensus estimate of $36.24 million. Solar Capital had a net margin of 62.94% and a return on equity of 7.70%. View Solar Capital's Earnings History.

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

7 brokerages have issued 12 month price objectives for Solar Capital's stock. Their predictions 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.

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. " (7/12/2017)
• 2. 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.
  " (5/8/2017)

Some companies that are related to Solar Capital include 3i Infrastructure PLC (3IN), Hercules Capital (HTGC), Triangle Capital Corporation (TCAP), Ithaca Energy (IAE), Foresight Solar Fund Ltd (FSFL), TICC Capital Corp. (TICC), KCAP Financial (KCAP), GLI Finance Ltd (GLIF), Andalas Energy and Power PLC (ADL), Alcentra Capital Corp. (ABDC), American Capital Senior Floating (ACSF), Andalas Energy and Power PLC (CEB), Apollo Investment Corporation (AINV), Ares Capital Corporation (ARCC), BlackRock Capital Investment Corporation (BKCC), BlackRock Enhanced Global Dividend Trust (BOE), BlackRock LT Municipal Advantage Trust (BTA) and Blackrock Taxable Municipal Bond Trust (BBN).

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 variety of of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.00%), Sumitomo Mitsui Asset Management Company LTD (0.00%), Clear Harbor Asset Management LLC (0.00%), Bank of Montreal Can (0.00%), Meritage Portfolio Management (0.00%) and Acadian Asset Management LLC (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.

Solar Capital's stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Sumitomo Mitsui Asset Management Company LTD, Confluence Investment Management LLC, Meritage Portfolio Management and Clear Harbor Asset Management LLC. View Insider Buying and Selling for Solar Capital.

Solar Capital's stock was acquired by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC and Russell Investments Group Ltd.. 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 $21.95.