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

Question 1

What is Solar Capital's stock symbol?

Answer

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

Question 2

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

Answer

Solar Capital declared a quarterly dividend on Tuesday, May 8th. Shareholders 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 annualized dividend and a yield of 7.79%. The ex-dividend date of this dividend is Wednesday, June 20th. View Solar Capital's Dividend History.

Question 3

How were Solar Capital's earnings last quarter?

Answer

Solar Capital Ltd. (NASDAQ:SLRC) released its quarterly earnings results on Monday, May, 7th. The financial services provider reported $0.45 earnings per share for the quarter, hitting analysts' consensus estimates of $0.45. The financial services provider had revenue of $38.96 million for 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.

Question 4

When is Solar Capital's next earnings date?

Answer

Solar Capital is scheduled to release their next quarterly earnings announcement on Monday, August, 6th 2018. View Earnings Estimates for Solar Capital.

Question 5

What price target have analysts set for SLRC?

Answer

4 Wall Street analysts have issued 12-month target prices for Solar Capital's shares. Their forecasts range from $23.00 to $25.00. On average, they expect Solar Capital's stock price to reach $24.00 in the next year. This suggests a possible upside of 14.0% from the stock's current price. View Analyst Ratings for Solar Capital.

Question 6

What is the consensus analysts' recommendation for Solar Capital?

Answer

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Solar Capital in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Question 7

What are Wall Street analysts saying about Solar Capital stock?

Answer

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)

Question 8

Who are some of Solar Capital's key competitors?

Answer

Some companies that are related to Solar Capital include DNP Select Income Fund Inc. Common Stock (DNP), Nuveen Municipal Value Fund (NUV), Adams Diversified Equity Fund (ADX), Tri-Continental (TY), Gabelli Equity Trust (GAB), PIMCO Corporate&Income Opportunity Fund (PTY), Tortoise Energy Infrastructure (TYG), Royce Value Trust (RVT), Liberty All-Star Equity Fund (USA), Apollo Investment (AINV), Hercules Capital (HTGC), Boulder Growth & Income Fund Inc common stock (BIF), PIMCO High Income Fund (PHK), AllianceBernstein Global Hgh Incm Fd (AWF) and General American Investors (GAM).

Question 9

Who are Solar Capital's key executives?

Answer

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

Question 10

Has Solar Capital been receiving favorable news coverage?

Answer

News coverage about SLRC stock has been trending positive recently, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Solar Capital earned a media sentiment score of 0.26 on Accern's scale. They also assigned media coverage about the financial services provider an impact score of 48.56 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Question 11

Who are Solar Capital's major shareholders?

Answer

Solar Capital's stock is owned by many different of institutional and retail investors. Top institutional investors include Mckinley Capital Management LLC Delaware (0.57%), Bank of Montreal Can (0.55%) and Neville Rodie & Shaw Inc. (0.11%). View Institutional Ownership Trends for Solar Capital.

Question 12

Which institutional investors are buying Solar Capital stock?

Answer

SLRC stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Neville Rodie & Shaw Inc. and Mckinley Capital Management LLC Delaware. View Insider Buying and Selling for Solar Capital.

Question 13

How do I buy shares of Solar Capital?

Answer

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.

Question 14

What is Solar Capital's stock price today?

Answer

One share of SLRC stock can currently be purchased for approximately $21.06.

Question 15

How big of a company is Solar Capital?

Answer

Solar Capital has a market capitalization of $882.41 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.

Question 16

How can I contact Solar Capital?

Answer

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]

Community Ranking:		2.5 out of 5 ( )
Outperform Votes:		262 (Vote Outperform)
Underperform Votes:		259 (Vote Underperform)
Total Votes:		521

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

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