NASDAQ:SLRC - Solar Capital Stock Price, Price Target & More

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$21.23 -0.03 (-0.14 %)
(As of 06/18/2018 04:00 PM ET)
Previous Close$21.26
Today's Range$21.16 - $21.49
52-Week Range$19.70 - $22.55
Volume101,800 shs
Average Volume108,103 shs
Market Capitalization$898.47 million
P/E Ratio13.10
Dividend Yield7.76%
Beta0.56
Solar Capital logoSolar Capital Ltd is a business development company that seeks investment opportunities in middle market companies located in the US. The fund targets companies operating in the fields of aerospace & defense, automobile, banking, beverage, food & tobacco, buildings & real estate, broadcasting & entertainment, cargo transport, chemicals, plastics & rubber, containers, packaging & glass, diversified or conglomerate manufacturing, diversified financial services, electronics, farming & agriculture, finance, grocery, healthcare, education & childcare, home, office furnishings & durable consumer products, hotels, motels, inns & gaming, insurance, IT services, leisure, amusement & entertainment, machinery, mining, steel, iron & non-precious metals, personal & nondurable consumer products, personal, food &services, personal transportation, professional services, retail stores, software, telecommunications, textiles and leather, and utilities. It invests in both public & private companies and provides financing for debt, mezzanine and buyout capital requirements with an investment size ranging from $5 to $100 million.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio0.59
Current Ratio0.98
Quick Ratio0.98

Price-To-Earnings

Trailing P/E Ratio13.10
Forward P/E Ratio11.73
P/E Growth2.35

Sales & Book Value

Annual Sales$143.34 million
Price / Sales6.26
Cash Flow$1.6157 per share
Price / Cash13.14
Book Value$21.81 per share
Price / Book0.97

Profitability

EPS (Most Recent Fiscal Year)$1.62
Net Income$70.43 million
Net Margins49.57%
Return on Equity7.69%
Return on Assets4.32%

Miscellaneous

EmployeesN/A
Outstanding Shares42,260,000

Solar Capital (NASDAQ:SLRC) Frequently Asked Questions

What is Solar Capital's stock symbol?

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

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

Solar Capital declared a quarterly dividend on Tuesday, May 8th. Stockholders of record on Thursday, June 21st will be given a dividend of $0.41 per share on Tuesday, July 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.72%. The ex-dividend date is Wednesday, June 20th. View Solar Capital's Dividend History.

How were Solar Capital's earnings last quarter?

Solar Capital Ltd. (NASDAQ:SLRC) posted its quarterly earnings results on Monday, May, 7th. The financial services provider reported $0.45 EPS for the quarter, meeting analysts' consensus estimates of $0.45. The financial services provider earned $38.96 million during the quarter, compared to analysts' expectations of $37.99 million. Solar Capital had a return on equity of 7.69% and a net margin of 49.57%. View Solar Capital's Earnings History.

When is Solar Capital's next earnings date?

Solar Capital is scheduled to release their next quarterly earnings announcement on Tuesday, August, 7th 2018. View Earnings Estimates for Solar Capital.

What price target have analysts set for SLRC?

4 analysts have issued 12 month price objectives for Solar Capital's shares. Their predictions range from $23.00 to $25.00. On average, they expect Solar Capital's stock price to reach $24.00 in the next year. View Analyst Ratings for Solar Capital.

What are Wall Street analysts saying about Solar Capital stock?

Here are some recent quotes from research analysts about Solar Capital stock:
  • 1. National Securities analysts commented, "• For 1Q18, SLRC earned NII/share of $0.45, matching consensus but a penny shy of our estimate. The earnings are still well in excess of the $0.41/share quarterly dividend, which we expect to be increased two more times before the end of 2019 as SLRC continues to ramp balance sheet leverage.
    • We also think that, unlike in years past, SLRC will have an easier time achieving consistent portfolio growth and avoid being underleveraged with subpar ROEs. The company has spent years building itself into a specialty finance company with uncorrelated verticals: cash flow lending, ABL (asset-based lending), life sciences lending, and now equipment finance.
    • It’s worth noting that Solar didn’t hire one individual to do each of the different verticals: Solar largely acquired entire teams or platforms to support its entry into different verticals and took the time, and money for that matter, to get things right. The different verticals should translate into better potential for portfolio growth, less susceptibility to spread compression, and a superior risk-adjusted return for SLRC’s portfolio, as we see it.
    • We expect Solar’s portfolio at fair value to finish 2018 at $1.59 billion and 2019 at $1.69 billion from $1.47 billion as of 3/31/18. Concomitant with the portfolio growth we model, we expect the balance sheet leverage to increase and drive improved NII ROAE and thus earnings. As a result, we expect SLRC to increase its dividend another two times before the end of 2019. The company has not, to this point, gotten Board approval or shareholder approval for increased regulatory leverage and we do not expect Solar to do this. Through the two SSLPs (senior secured loan programs) and life sciences JV, we think Solar already has enough economic leverage to generate very respectable risk-adjusted returns on equity for shareholders and attain a much better valuation on shares.
    • We are revising our 2018 NII/share estimate to $1.86 from $1.91 and our 2019 NII/share estimate to $1.98 from $2.00. " (5/11/2018)
  • 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. " (4/26/2018)

Who are some of Solar Capital's key competitors?

Who are Solar Capital's key executives?

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

Has Solar Capital been receiving favorable news coverage?

Media coverage about SLRC stock has been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Solar Capital earned a coverage optimism score of 0.10 on Accern's scale. They also gave headlines about the financial services provider an impact score of 45.85 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Who are Solar Capital's major shareholders?

Solar Capital's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Muzinich & Co. Inc. (2.89%), UBS Group AG (2.33%), Partners Group Holding AG (1.57%), JPMorgan Chase & Co. (1.51%), Eagle Boston Investment Management Inc. (0.92%) and Punch & Associates Investment Management Inc. (0.76%). View Institutional Ownership Trends for Solar Capital.

Which major investors are selling Solar Capital stock?

SLRC stock was sold by a variety of institutional investors in the last quarter, including Muzinich & Co. Inc., Millennium Management LLC, UBS Group AG, PVG Asset Management Corp, Guggenheim Capital LLC, Citadel Advisors LLC, Punch & Associates Investment Management Inc. and Van ECK Associates Corp. View Insider Buying and Selling for Solar Capital.

Which major investors are buying Solar Capital stock?

SLRC stock was bought by a variety of institutional investors in the last quarter, including CNO Financial Group Inc., Sei Investments Co., Partners Group Holding AG, JPMorgan Chase & Co., Royal Bank of Canada, Wasatch Advisors Inc., Wells Fargo & Company MN and Resource America Inc.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Solar Capital's stock price today?

One share of SLRC stock can currently be purchased for approximately $21.23.

How big of a company is Solar Capital?

Solar Capital has a market capitalization of $898.47 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.

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]


MarketBeat Community Rating for Solar Capital (SLRC)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  257 (Vote Outperform)
Underperform Votes:  244 (Vote Underperform)
Total Votes:  501
MarketBeat's community ratings are surveys of what our community members think about Solar Capital and other stocks. Vote "Outperform" if you believe SLRC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SLRC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/18/2018 by MarketBeat.com Staff

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