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NASDAQ:SLRCSolar Capital Stock Price, Forecast & News

$16.77
+0.31 (+1.88 %)
(As of 05/27/2020 04:00 PM ET)
Add
Compare
Today's Range
$16.30
Now: $16.77
$16.95
50-Day Range
$12.37
MA: $14.55
$16.61
52-Week Range
$7.42
Now: $16.77
$21.24
Volume97,241 shs
Average Volume270,361 shs
Market Capitalization$708.70 million
P/E RatioN/A
Dividend Yield9.96%
Beta1.29
Solar Capital Ltd. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, and strategic income-oriented control equity investments in leveraged middle market companies. The fund invests in aerospace and defense; air freight & logistics; asset management; automotive; banking; beverage, food and tobacco; building products; buildings and real estate; broadcasting and entertainment; cargo transport; commercial services and supplies; communications equipment; chemicals, plastics and rubber; containers, packaging and glass; construction & engineering; diversified/conglomerate manufacturing; consumer Finance; distributors; diversified/conglomerate services; diversified financial services; diversified real estate sctivities; food products; Footwear; Education Services; diversified telecommunications services; electronics; farming and agriculture; finance; grocery; health care equipment and supplies; health care facilities; education and childcare; home and office furnishing, durable consumer products; hotels, motels, inns and gaming; insurance; restaurants, leisure, amusement, and entertainment; leisure equipment tolls and services, media, multiline retail, multi sector holdings; paper and forest products; personal products; professional services, research and consulting services, software; specialty retail; textiles apparel and luxury goods, thrifts and mortgage finance, trading companies and distributors, utilities, and wireless telecommunication services; industrial conglomerates; internet software and services, IT services, machinery; mining, steel, iron, and non precious metals; oil and gas; personal, food and miscellaneous services; printing and publishing; retail stores; telecommunications; textiles and leather; and utilities. It also invests in life sciences with focus on specialty pharmaceuticals, medical devices, biotech, health Care Providers and services; health Care technology, enabling technologies and tools. The fund primarily invests in United States. The fund's investments generally range between $5 million and $100 million. The fund invests in companies with revenues between $50 million and $1 billion and EBITDA between $15 million and $100 million. It invests in the form of senior secured loans, mezzanine loans, and equity securities. It may also seek investments in thinly traded public companies and also make secondary investments. The fund makes non-control equity investments. It primarily exits within three years of the initial capital commitment.
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Solar Capital logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.31 out of 5 stars


Industry, Sector and Symbol

Industry Investment offices, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:SLRC
CUSIP83413U10
Phone212-993-1670

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$154.71 million
Cash Flow$1.73 per share
Book Value$19.24 per share

Profitability

Net Income$56.02 million

Miscellaneous

EmployeesN/A
Market Cap$708.70 million
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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Solar Capital (NASDAQ:SLRC) Frequently Asked Questions

How has Solar Capital's stock been impacted by COVID-19 (Coronavirus)?

Solar Capital's stock was trading at $16.86 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SLRC stock has decreased by 0.5% and is now trading at $16.77. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Solar Capital?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Solar Capital in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Solar Capital.

When is Solar Capital's next earnings date?

Solar Capital is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Solar Capital.

How were Solar Capital's earnings last quarter?

Solar Capital Ltd. (NASDAQ:SLRC) issued its quarterly earnings data on Thursday, May, 7th. The financial services provider reported $0.38 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.42 by $0.04. The financial services provider earned $32.90 million during the quarter, compared to analyst estimates of $37.43 million. Solar Capital had a positive return on equity of 7.82% and a negative net margin of 29.85%. View Solar Capital's earnings history.

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

Solar Capital announced a quarterly dividend on Thursday, May 7th. Investors of record on Thursday, June 18th will be paid a dividend of $0.41 per share on Thursday, July 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.78%. The ex-dividend date of this dividend is Wednesday, June 17th. View Solar Capital's dividend history.

What price target have analysts set for SLRC?

7 analysts have issued twelve-month target prices for Solar Capital's stock. Their forecasts range from $16.00 to $21.50. On average, they anticipate Solar Capital's share price to reach $18.42 in the next twelve months. This suggests a possible upside of 9.8% from the stock's current price. View analysts' price targets for Solar Capital.

Has Solar Capital been receiving favorable news coverage?

News headlines about SLRC stock have been trending negative on Wednesday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Solar Capital earned a coverage optimism score of -2.2 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutSolar Capital.

Are investors shorting Solar Capital?

Solar Capital saw a decline in short interest in May. As of May 15th, there was short interest totaling 118,200 shares, a decline of 21.7% from the April 30th total of 151,000 shares. Based on an average trading volume of 355,900 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are short sold. View Solar Capital's Current Options Chain.

Who are some of Solar Capital's key competitors?

What other stocks do shareholders of Solar Capital own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Solar Capital investors own include AT&T (T), Ares Capital (ARCC), Enterprise Products Partners (EPD), Omega Healthcare Investors (OHI), Main Street Capital (MAIN), Energy Transfer LP Unit (ET), Pfizer (PFE), Solar Senior Capital (SUNS), Exxon Mobil (XOM) and Enbridge (ENB).

Who are Solar Capital's key executives?

Solar Capital's management team includes the following people:
  • Mr. Michael S. Gross, Chairman, Pres & CEO (Age 57)
  • Mr. Richard L. Peteka, Treasurer, Sec. & CFO (Age 57)
  • Mr. Richard R. Pivirotto Jr., Investor Relations
  • Mr. Guy Francis Talarico J.D., Chief Compliance Officer (Age 64)
  • Mr. Anthony Storino, Head of Healthcare Venture Lending

What is Solar Capital's stock symbol?

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

Who are Solar Capital's major shareholders?

Solar Capital's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (6.73%), Aristotle Capital Boston LLC (4.36%), JPMorgan Chase & Co. (2.95%), Partners Group Holding AG (2.31%), Resource America Inc. (1.22%) and West Family Investments Inc. (1.14%). Company insiders that own Solar Capital stock include Bruce J Spohler, David Wachter, Guy Talarico, Michael S Gross, Richard Peteka and Steven Hochberg. View institutional ownership trends for Solar Capital.

Which institutional investors are selling Solar Capital stock?

SLRC stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, UBS Group AG, Aristotle Capital Boston LLC, Wells Fargo & Company MN, Confluence Investment Management LLC, Muzinich & Co. Inc., Virtus ETF Advisers LLC, and Two Sigma Investments LP. View insider buying and selling activity for Solar Capital.

Which institutional investors are buying Solar Capital stock?

SLRC stock was bought by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Resource America Inc., Acadian Asset Management LLC, Partners Group Holding AG, Radcliffe Capital Management L.P., Cliffwater LLC, Dynamic Technology Lab Private Ltd, and JPMorgan Chase & Co.. Company insiders that have bought Solar Capital stock in the last two years include Bruce J Spohler, David Wachter, Guy Talarico, Michael S Gross, Richard Peteka, and Steven Hochberg. View insider buying and selling activity for Solar Capital.

How do I buy shares of Solar Capital?

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, Robinhood, Fidelity, and Charles Schwab.

What is Solar Capital's stock price today?

One share of SLRC stock can currently be purchased for approximately $16.77.

How big of a company is Solar Capital?

Solar Capital has a market capitalization of $708.70 million and generates $154.71 million in revenue each year. The financial services provider earns $56.02 million in net income (profit) each year or $1.71 on an earnings per share basis.

What is Solar Capital's official website?

The official website for Solar Capital is www.solarcapltd.com.

How can I contact Solar Capital?

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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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