Solar Capital Company Profile (NASDAQ:SLRC)

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

Solar Capital declared a quarterly dividend on Thursday, August 3rd. Stockholders of record on Thursday, September 21st will be given a dividend of $0.40 per share on Tuesday, October 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.76%. The ex-dividend date of this dividend is Wednesday, September 20th. View Solar Capital's Dividend History.

Solar Capital Ltd. (NASDAQ:SLRC) announced its quarterly earnings results on Tuesday, August, 1st. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.03. The company had revenue of $33.89 million for 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.

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

5 equities research analysts have issued 12-month target prices for Solar Capital's stock. Their forecasts range from $22.40 to $24.00. On average, they anticipate Solar Capital's stock price to reach $23.10 in the next year. 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 Tortoise Energy Infrastructure Corporation (TYG), TPG Specialty Lending (TSLX), Liberty All-Star Equity Fund (USA), Golub Capital BDC (GBDC), New Mountain Finance Corporation (NMFC), Hercules Capital (HTGC), TCP Capital Corp. (TCPC), Ithaca Energy (IAE), Triangle Capital Corporation (TCAP), Invesco California Value Municipal Income Trust (VCV), PennantPark Investment Corporation (PNNT), PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL), MFS Charter Income Trust (MCR), Fidus Investment Corporation (FDUS), Eagle Point Credit Company (ECC), TICC Capital Corp. (TICC) and Medley Capital Corporation (MCC).

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 many different of institutional and retail 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 $20.62.