Solar Capital Company Profile (NASDAQ:SLRC)

About Solar Capital (NASDAQ:SLRC)

Solar Capital logoSolar Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company's investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests in privately held the United States middle market companies. It invests in leveraged middle market companies in the form of senior secured loans, unitranche loans, mezzanine loans and equity securities. It may also invest in public companies that are thinly traded. Its business is focused primarily on the direct origination of investments through portfolio companies or their financial sponsors. Its investments generally range between $5 million and $100 million each. In addition, the Company may invest a portion of its portfolio in other types of investments, which it refers to as opportunistic investments. The Company's investment activities are managed by Solar Capital Partners, LLC (Solar Capital Partners or the Investment Advisor).

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Closed End Funds
  • Sub-Industry: Asset Management & Custody Banks
  • Symbol: NASDAQ:SLRC
  • CUSIP: 83413U10
  • Web:
Average Prices:
  • 50 Day Moving Avg: $21.80
  • 200 Day Moving Avg: $21.93
  • 52 Week Range: $19.26 - $22.94
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 12.11
  • P/E Growth: 2.64
  • Annual Dividend: $1.60
  • Dividend Yield: 7.3%
  • Net Margins: 62.94%
  • Return on Equity: 7.70%
  • Return on Assets: 4.16%
  • Debt-to-Equity Ratio: 0.41%
  • Current Ratio: 0.93%
  • Quick Ratio: 0.93%
  • Average Volume: 102,060 shs.
  • Beta: 0.55
Frequently Asked Questions for Solar Capital (NASDAQ:SLRC)

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 announced a quarterly dividend on Thursday, May 4th. Shareholders 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 yield of 7.30%. The ex-dividend date is Tuesday, June 20th. View Solar Capital's Dividend History.

How were Solar Capital's earnings last quarter?

Solar Capital Ltd. (NASDAQ:SLRC) released its quarterly earnings data 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.

When will Solar Capital make its next earnings announcement?

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

Where is Solar Capital's stock going? Where will Solar Capital's stock price be in 2017?

7 brokerages have issued 12 month target prices for Solar Capital's shares. Their predictions range from $20.00 to $24.00. On average, they expect Solar Capital's stock price to reach $22.40 in the next year. View Analyst Ratings for Solar Capital.

What are analysts saying about Solar Capital stock?

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)

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 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

Who owns Solar Capital stock?

Solar Capital's stock is owned by a number of of institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.00%), Bank of Montreal Can (0.00%) and Neville Rodie & Shaw Inc. (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.

Who sold Solar Capital stock? Who is selling Solar Capital stock?

Solar Capital's stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can and Confluence Investment Management LLC. View Insider Buying and Selling for Solar Capital.

How do I buy Solar Capital stock?

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.

What is Solar Capital's stock price today?

One share of Solar Capital stock can currently be purchased for approximately $21.92.

MarketBeat Community Rating for Solar Capital (NASDAQ SLRC)
Community Ranking:  2.7 out of 5 ( )
Outperform Votes:  169 (Vote Outperform)
Underperform Votes:  143 (Vote Underperform)
Total Votes:  312
MarketBeat's community ratings are surveys of what our community members think about Solar Capital and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Solar Capital (NASDAQ:SLRC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.43)
Consensus Price Target: $22.40 (2.19% upside)

Analysts' Ratings History for Solar Capital (NASDAQ:SLRC)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/8/2017National SecuritiesReiterated RatingBuy$24.00LowView Rating Details
5/1/2017J P Morgan Chase & CoDowngradeOverweight -> Neutral$23.00MediumView Rating Details
2/24/2017Ladenburg Thalmann Financial ServicesDowngradeBuy -> NeutralN/AView Rating Details
1/3/2017Compass PointInitiated CoverageBuy$22.40N/AView Rating Details
8/16/2016Citigroup Inc.Boost Price TargetNeutral$17.00 -> $20.00N/AView Rating Details
8/4/2016Deutsche Bank AGBoost Price TargetBuy$23.00 -> $23.50N/AView Rating Details
8/3/2016Keefe, Bruyette & WoodsSet Price TargetHold$20.00 -> $21.50N/AView Rating Details
2/25/2016Cantor FitzgeraldReiterated RatingBuy$21.00N/AView Rating Details
9/30/2015Bear StearnsInitiated CoverageBuy$20.00N/AView Rating Details
9/30/2015DA DavidsonInitiated CoverageBuy$20.00N/AView Rating Details
(Data available from 7/22/2015 forward)


Earnings History for Solar Capital (NASDAQ:SLRC)
Earnings by Quarter for Solar Capital (NASDAQ:SLRC)
Earnings History by Quarter for Solar Capital (NASDAQ SLRC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/1/2017$0.41N/AView Earnings Details
5/2/2017Q1 2017$0.42$0.39$36.24 million$34.39 millionViewListenView Earnings Details
2/22/2017Q4 2016$0.42$0.42$36.74 million$36.64 millionViewListenView Earnings Details
8/2/2016Q2$0.41$0.46$36.52 million$41.37 millionViewListenView Earnings Details
5/3/2016Q116$0.40$0.67$34.97 million$34.01 millionViewN/AView Earnings Details
2/24/2016Q415$0.40$0.40$33.43 million$31.51 millionViewListenView Earnings Details
11/3/2015Q3$0.39$0.40$32.23 million$30.45 millionViewListenView Earnings Details
8/4/2015Q2$0.38$0.38$29.27 million$27.98 millionViewListenView Earnings Details
5/5/2015Q115$0.39$0.34$29.35 million$25.63 millionViewListenView Earnings Details
2/25/2015Q414$0.39$0.40$30.14 million$32.95 millionViewListenView Earnings Details
11/4/2014Q313$0.39$0.39$30.11 million$28.36 millionViewListenView Earnings Details
8/4/2014$0.40$0.38$30.74 million$28.00 millionViewListenView Earnings Details
5/5/2014Q213$0.40$0.31$33.32 million$32.63 millionViewListenView Earnings Details
2/25/2014$0.40$0.42ViewListenView Earnings Details
5/7/2013Q1 2013$0.58$0.58$45.98 millionViewListenView Earnings Details
11/1/2012Q312$0.61$0.82$39.63 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Solar Capital (NASDAQ:SLRC)
2017 EPS Consensus Estimate: $1.76
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.41$0.43$0.42
Q2 20172$0.42$0.44$0.43
Q3 20172$0.44$0.46$0.45
Q4 20172$0.45$0.46$0.46
Q1 20181$0.45$0.45$0.45
Q2 20181$0.45$0.45$0.45
Q4 20181$0.47$0.47$0.47
(Data provided by Zacks Investment Research)


Current Dividend Information for Solar Capital (NASDAQ:SLRC)
Most Recent Dividend:7/5/2017
Annual Dividend:$1.60
Dividend Yield:7.30%
Payout Ratio:70.48% (Trailing 12 Months of Earnings)
95.81% (Based on This Year's Estimates)
88.40% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Solar Capital (NASDAQ:SLRC)

Dividend History by Quarter for Solar Capital (NASDAQ SLRC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Solar Capital (NASDAQ:SLRC)
Insider Ownership Percentage: 5.90%
Institutional Ownership Percentage: 62.42%
Insider Trades by Quarter for Solar Capital (NASDAQ:SLRC)
Institutional Ownership by Quarter for Solar Capital (NASDAQ:SLRC)
Insider Trades by Quarter for Solar Capital (NASDAQ:SLRC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/2/2017Michael S GrossInsiderBuy19,666$22.28$438,158.48View SEC Filing  
5/12/2016Steven HochbergDirectorBuy12,000$18.32$219,840.00View SEC Filing  
3/1/2016Michael S GrossInsiderBuy49,580$17.23$854,263.40View SEC Filing  
2/29/2016David WachterDirectorBuy5,000$16.90$84,500.00View SEC Filing  
12/11/2015Bruce J SpohlerInsiderBuy9,500$16.95$161,025.00View SEC Filing  
12/10/2015Michael S GrossInsiderBuy11,900$17.24$205,156.00View SEC Filing  
12/9/2015Michael S. GrossinsiderBuy1,727$17.24$29,773.48View SEC Filing  
12/8/2015Michael S. GrossinsiderBuy872$17.19$14,989.68View SEC Filing  
12/7/2015Michael S. GrossinsiderBuy20,000$17.37$347,400.00View SEC Filing  
11/19/2015Bruce J SpohlerInsiderBuy2,500$17.65$44,125.00View SEC Filing  
11/18/2015Bruce J. SpohlerinsiderBuy2,000$17.55$35,100.00View SEC Filing  
11/16/2015Michael S GrossInsiderBuy20,000$17.53$350,600.00View SEC Filing  
5/14/2015Michael S GrossInsiderBuy29,500$18.75$553,125.00View SEC Filing  
3/3/2015Bruce J SpohlerInsiderBuy52,236$20.25$1,057,779.00View SEC Filing  
12/15/2014Michael S GrossInsiderBuy28,000$17.68$495,040.00View SEC Filing  
12/11/2014Michael S GrossInsiderBuy29,000$17.82$516,780.00View SEC Filing  
3/5/2014Michael GrossInsiderBuy78,989$22.27$1,759,085.03View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Solar Capital (NASDAQ:SLRC)
Latest Headlines for Solar Capital (NASDAQ:SLRC)
DateHeadline logoFS Investment Corporation (FSIC) & Solar Capital (SLRC) Financial Review - July 21 at 10:22 PM logoSolar Capital Ltd. (SLRC) Upgraded to "Hold" at Zacks Investment Research - July 12 at 4:47 PM logo$36.51 Million in Sales Expected for Solar Capital Ltd. (NASDAQ:SLRC) This Quarter - July 6 at 11:08 AM logoSolar Capital Ltd. Schedules the Release of its Financial Results for the Quarter Ended June 30, 2017 - July 6 at 9:23 AM logoSolar Capital Ltd. (SLRC) Upgraded at Zacks Investment Research - July 4 at 8:17 AM logoSolar Capital Ltd. (SLRC) Receives Consensus Recommendation of "Hold" from Analysts - June 30 at 9:10 AM logoHead to Head Contrast: Solar Capital (SLRC) & Intercontinental Exchange (ICE) - June 19 at 8:24 AM logo$36.51 Million in Sales Expected for Solar Capital Ltd. (SLRC) This Quarter - June 10 at 8:42 AM logoSolar Capital Ltd. (SLRC) Expected to Post Earnings of $0.41 Per Share - June 8 at 4:34 PM logoSolar Capital Ltd. (SLRC) Receives Consensus Recommendation of "Hold" from Brokerages - June 5 at 8:53 AM logoSolar Capital Ltd. (SLRC) Sees Significant Growth in Short Interest - June 2 at 9:14 AM logoNew Strong Sell Stocks for May 19th - May 19 at 9:58 AM logoZacks: Analysts Anticipate Solar Capital Ltd. (SLRC) Will Post Quarterly Sales of $36.51 Million - May 14 at 9:44 AM logoZacks: Brokerages Expect Solar Capital Ltd. (SLRC) to Announce $0.41 Earnings Per Share - May 12 at 2:18 PM logoSolar Capital Ltd. Repays its $75 Million of 5.875% Senior Secured Notes; Reduces Average Interest Expense - May 11 at 8:52 PM logoSolar Capital Ltd. (SLRC) Given Average Recommendation of "Hold" by Analysts - May 9 at 8:46 AM logoSolar Capital's (SLRC) "Buy" Rating Reiterated at National Securities - May 8 at 12:18 PM logoDA Davidson Weighs in on Solar Capital Ltd.'s Q3 2017 Earnings (SLRC) - May 8 at 8:50 AM logoSolar Capital Ltd. (SLRC) Lowered to "Sell" at Zacks Investment Research - May 6 at 7:20 AM logoDA Davidson Research Analysts Reduce Earnings Estimates for Solar Capital Ltd. (SLRC) - May 5 at 8:02 AM logoSolar Capital Ltd. (SLRC) Declares $0.40 Quarterly Dividend - May 4 at 9:06 PM logoEdited Transcript of SLRC earnings conference call or presentation 3-May-17 2:00pm GMT - May 3 at 11:13 PM logoSolar Capital's (SLRC) CEO Michael Gross on Q1 2017 Results - Earnings Call Transcript - May 3 at 6:02 PM logoSolar Capital Ltd. (SLRC) Issues Earnings Results - May 3 at 5:00 PM logoInvestor Network: Solar Capital Ltd. to Host Earnings Call - May 3 at 10:49 AM logoSolar Capital (SLRC) Earning Favorable News Coverage, Study Shows - May 3 at 1:01 AM logoSolar Capital Ltd. Announces Quarter Ended March 31, 2017 Financial Results; Declares Quarterly Distribution of $0.40 per Share for Q2, 2017 - May 2 at 5:42 PM logoSolar Capital misses 1Q profit forecasts - May 2 at 5:21 PM logoSolar Capital Ltd. (SLRC) Downgraded to "Neutral" at JPMorgan Chase & Co. - May 2 at 12:04 AM logoSolar Capital Ltd. (SLRC) Scheduled to Post Earnings on Tuesday - April 30 at 9:10 AM logoSolar Capital (SLRC) Earns Media Impact Score of -0.12 - April 24 at 2:18 PM logoSolar Capital Ltd. (SLRC) Expected to Announce Quarterly Sales of $36.24 Million - April 23 at 8:15 AM logoZacks: Brokerages Expect Solar Capital Ltd. (SLRC) Will Post Earnings of $0.42 Per Share - April 21 at 9:10 PM logoSolar Capital Ltd. (SLRC) Given Average Recommendation of "Hold" by Brokerages - April 14 at 9:57 AM logoSolar Capital Ltd. (SLRC) Stock Rating Lowered by Zacks Investment Research - April 4 at 12:08 PM logoSolar Capital Ltd. Schedules the Release of its Financial Results for the Quarter Ended March 31, 2017 - March 31 at 8:08 PM logoSolar Capital Ltd. (SLRC) Ex-Dividend Date Scheduled for March 21, 2017 - Nasdaq - March 21 at 7:36 PM logoSolar Capital Ltd. (SLRC) Receives Consensus Rating of "Hold" from Analysts - March 20 at 11:40 AM logoInsiders Invest in Solar Capital - March 6 at 12:29 PM logoSolar Capital downgraded by Ladenburg Thalmann - February 24 at 10:20 PM logoEdited Transcript of SLRC earnings conference call or presentation 23-Feb-17 3:00pm GMT - February 24 at 7:16 AM logoSolar Capital's (SLRC) CEO Michael Gross on Q4 2016 Results - Earnings Call Transcript - Seeking Alpha - February 23 at 8:04 PM logo9:15 am Solar Capital and Solar Senior Capital (SUNS) form 'Solar Life Science Program' w/ Deerfield Mgmt. to invest in first lien loans to publicly-traded companies in the U.S. life science industry - February 22 at 8:04 PM logoSolar Capital Ltd. Announces Quarter and Fiscal Year Ended December 31, 2016 Financial Results; Declares Quarterly Distribution of $0.40 per Share for Q1, 2017 - February 22 at 8:04 PM logoSolar Capital Ltd. and Solar Senior Capital Ltd. Announce the Formation of a First Lien Life Science Loan Program in Partnership With Deerfield Management - February 22 at 9:55 AM logoSOLAR CAPITAL LTD - January 9 at 10:58 PM logoSolar Capital Ltd. Schedules the Release of its Financial Results for the Quarter and Fiscal Year Ended December 31, 2016 - January 9 at 10:58 PM logoDancing With the Bond Market Stars - December 9 at 7:48 PM logoSolar Capital Ltd. Issues $50 Million of Unsecured Private Notes - MarketWatch - November 10 at 10:51 AM logo8:31 am Solar Capital issues $50 mln of five-and-a-half year senior unsecured notes in a private placement with a fixed interest rate of 4.4% and a maturity date of May 8, 2022 - November 10 at 10:50 AM



Solar Capital (SLRC) Chart for Saturday, July, 22, 2017

This page was last updated on 7/22/2017 by Staff