Solar Senior Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company's investment objective is to seek to maximize current income consistent with the preservation of capital. The Company seeks to achieve its investment objective by directly and indirectly investing in senior loans, including first lien, unitranche, and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade, which it refers to collectively as senior loans. It may also invest in debt of public companies that are thinly traded or in equity securities. Under normal market conditions, at least 80% of the value of its net assets (including the amount of any borrowings for investment purposes) will be invested in senior loans. It invests in privately held the United States middle-market companies. Its investment activities are managed by Solar Capital Partners, LLC (Solar Capital Partners or the Investment Advisor).
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Asset Management
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NASDAQ:SUNS
- CUSIP: 83416M10
- Web: www.solarseniorcap.com
- 50 Day Moving Avg: $17.86
- 200 Day Moving Avg: $17.17
- 52 Week Range: $15.06 - $18.46
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 12.03
- P/E Growth: 2.46
- Annual Dividend: $1.41
- Dividend Yield: 7.9%
- Net Margins: 52.81%
- Return on Equity: 7.94%
- Return on Assets: 4.11%
- Current Ratio: 0.76%
- Quick Ratio: 0.76%
- Average Volume: 56,640 shs.
- Beta: 0.48
Frequently Asked Questions for Solar Senior Capital Ltd (NASDAQ:SUNS)
What is Solar Senior Capital Ltd's stock symbol?
Solar Senior Capital Ltd trades on the NASDAQ under the ticker symbol "SUNS."
How often does Solar Senior Capital Ltd pay dividends? What is the dividend yield for Solar Senior Capital Ltd?
Solar Senior Capital Ltd declared a monthly dividend on Wednesday, May 3rd. Investors of record on Thursday, May 18th will be paid a dividend of $0.117 per share on Friday, June 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date is Tuesday, May 16th. View Solar Senior Capital Ltd's Dividend History.
How were Solar Senior Capital Ltd's earnings last quarter?
Solar Senior Capital Ltd (NASDAQ:SUNS) announced its earnings results on Tuesday, May, 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.35. The business had revenue of $7.50 million for the quarter, compared to analyst estimates of $7.96 million. Solar Senior Capital Ltd had a net margin of 52.81% and a return on equity of 7.94%. View Solar Senior Capital Ltd's Earnings History.
When will Solar Senior Capital Ltd make its next earnings announcement?
Where is Solar Senior Capital Ltd's stock going? Where will Solar Senior Capital Ltd's stock price be in 2017?
4 brokerages have issued 12 month price targets for Solar Senior Capital Ltd's stock. Their predictions range from $16.00 to $18.50. On average, they expect Solar Senior Capital Ltd's share price to reach $17.17 in the next twelve months. View Analyst Ratings for Solar Senior Capital Ltd.
What are analysts saying about Solar Senior Capital Ltd stock?
Here are some recent quotes from research analysts about Solar Senior Capital Ltd stock:
- 1. According to Zacks Investment Research, "Solar Senior Capital Ltd. operates as a business development company under the Investment Company Act of 1940. The Company invests primarily in senior secured loans, including first lien, unitranche and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade. " (5/5/2017)
- 2. Maxim Group analysts commented, "In 1Q17, SUNS announced the formation of a joint venture (JV) with Deerfield Management (a leading healthcare investor) to make senior, floating-rate loans to larger publicly traded life sciences companies (in which SUNS, as a BDC, cannot invest)." (5/3/2017)
Are investors shorting Solar Senior Capital Ltd?
Solar Senior Capital Ltd saw a increase in short interest in the month of April. As of April 13th, there was short interest totalling 39,805 shares, an increase of 12.3% from the March 31st total of 35,433 shares. Based on an average daily volume of 45,892 shares, the short-interest ratio is presently 0.9 days.
Who are some of Solar Senior Capital Ltd's key competitors?
Some companies that are related to Solar Senior Capital Ltd include BlackRock (BLK), Bank of New York Mellon Corp (BK), State Street Corp (STT), Franklin Resources (BEN), Blackstone Group LP (BX), Northern Trust (NTRS), Ameriprise Financial (AMP), T. Rowe Price Group (TROW), Invesco (IVZ), Affiliated Managers Group (AMG), KKR & Co. L.P. (KKR), SEI Investments Company (SEIC), Voya Financial (VOYA), Lazard Ltd (LAZ), Eaton Vance Corp (EV), Ares Management LP (ARES), Legg Mason (LM) and Oaktree Capital Group LLC (OAK).
Who owns Solar Senior Capital Ltd stock?
Solar Senior Capital Ltd's stock is owned by a number of of institutional and retail investors. Top institutional investors include Muzinich & Co. Inc. (0.00%), West Family Investments Inc. (2.89%), JPMorgan Chase & Co. (0.00%), UBS Group AG (0.00%), Advisors Asset Management Inc. (2.19%) and B. Riley Financial Inc. (0.00%). Company insiders that own Solar Senior Capital Ltd stock include Bruce J Spohler, Jack Silver, Michael S Gross, Rs Properties I Llc and Steven Hochberg. View Institutional Ownership Trends for Solar Senior Capital Ltd.
Who sold Solar Senior Capital Ltd stock? Who is selling Solar Senior Capital Ltd stock?
Solar Senior Capital Ltd's stock was sold by a variety of institutional investors in the last quarter, including Clough Capital Partners L P, Morgan Stanley, Advisors Asset Management Inc., Acrospire Investment Management LLC, B. Riley Financial Inc., Coe Capital Management LLC and Confluence Investment Management LLC. View Insider Buying and Selling for Solar Senior Capital Ltd.
Who bought Solar Senior Capital Ltd stock? Who is buying Solar Senior Capital Ltd stock?
Solar Senior Capital Ltd's stock was acquired by a variety of institutional investors in the last quarter, including Muzinich & Co. Inc., Acadian Asset Management LLC, PVG Asset Management Corp, UBS Group AG, Oxford Asset Management, JPMorgan Chase & Co., AXA and Wellington Management Group LLP. Company insiders that have bought Solar Senior Capital Ltd stock in the last two years include Bruce J Spohler, Michael S Gross, Rs Properties I Llc and Steven Hochberg. View Insider Buying and Selling for Solar Senior Capital Ltd.
How do I buy Solar Senior Capital Ltd stock?
Shares of Solar Senior Capital Ltd can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Solar Senior Capital Ltd stock cost?
One share of Solar Senior Capital Ltd stock can currently be purchased for approximately $17.21.
Earnings History for Solar Senior Capital Ltd (NASDAQ:SUNS)Earnings History by Quarter for Solar Senior Capital Ltd (NASDAQ:SUNS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/31/2017|| || || || || || || || |
|5/2/2017||Q1 2017||$0.35||$0.35||$7.96 million||$7.50 million||View||Listen|
|2/22/2017||Q216||$0.36||$0.35||$7.27 million||$7.16 million||View||Listen|
|8/2/2016||Q2||$0.35||$0.36||$6.55 million||$6.68 million||View||Listen|
|5/3/2016||Q415||$0.35||$0.35||$6.56 million||$6.35 million||View||N/A|
|2/24/2016||Q4||$0.35||$0.35||$6.87 million||$6.13 million||View||Listen|
|11/3/2015||Q3||$0.35||$0.35||$7.01 million||$6.52 million||View||Listen|
|8/4/2015||Q2||$0.34||$0.36||$6.76 million||$6.66 million||View||Listen|
|5/5/2015||Q115||$0.34||$0.35||$6.61 million||$6.14 million||View||Listen|
|2/25/2015||Q414||$0.31||$0.35||$5.66 million||$5.91 million||View||Listen|
|7/31/2013||Q2 2013||$0.31||$0.13||$5.16 million||View||Listen|
Earnings Estimates for Solar Senior Capital Ltd (NASDAQ:SUNS)
2017 EPS Consensus Estimate: $1.39
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Solar Senior Capital Ltd (NASDAQ:SUNS)
|Payout Ratio:||120.51% (Trailing 12 Months of Earnings) |
100.00% (Based on This Year's Estimates)
98.60% (Based on Next Year's Estimates)
Dividend History by Quarter for Solar Senior Capital Ltd (NASDAQ:SUNS)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Solar Senior Capital Ltd (NASDAQ:SUNS)
Insider Ownership Percentage: 7.50%Insider Trades by Quarter for Solar Senior Capital Ltd (NASDAQ:SUNS)
Institutional Ownership Percentage: 28.01%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|3/2/2017||Michael S Gross||Insider||Buy||14,438||$17.57||$253,675.66|| |
|5/11/2016||Steven Hochberg||Director||Buy||12,500||$15.49||$193,625.00|| |
|4/26/2016||Rs Properties I Llc||Major Shareholder||Sell||9,202||$14.88||$136,925.76|| |
|4/21/2016||Rs Properties I Llc||Major Shareholder||Sell||4,396||$14.88||$65,412.48|| |
|4/18/2016||Jack Silver||Insider||Sell||18,312||$14.84||$271,750.08|| |
|4/6/2016||Jack Silver||Major Shareholder||Sell||3,627||$14.76||$53,534.52|| |
|3/8/2016||Michael S Gross||Insider||Buy||5,344||$13.90||$74,281.60|| |
|3/2/2016||Bruce J Spohler||Insider||Buy||13,603||$14.10||$191,802.30|| |
|12/15/2015||Michael S Gross||Insider||Buy||1,200||$14.65||$17,580.00|| |
|12/11/2015||Bruce J Spohler||Insider||Buy||2,400||$14.82||$35,568.00|| |
|12/3/2015||Rs Properties I. Llc||major shareholder||Buy||29,060||$15.83||$460,019.80|| |
|11/18/2015||Bruce J. Spohler||insider||Buy||1,600||$15.29||$24,464.00|| |
|11/17/2015||Bruce J. Spohler||insider||Buy||100||$15.19||$1,519.00|| |
|11/16/2015||Michael S Gross||Insider||Buy||6,000||$15.26||$91,560.00|| |
|9/9/2015||Michael S Gross||Insider||Buy||7,800||$14.86||$115,908.00|| |
|8/27/2015||Michael S Gross||Insider||Buy||9,667||$14.79||$142,974.93|| |
|3/3/2015||Bruce J Spohler||Insider||Buy||13,957||$16.18||$225,824.26|| |
|12/12/2014||Michael S Gross||Insider||Buy||20,000||$15.02||$300,400.00|| |
|12/10/2014||Michael S Gross||Insider||Buy||30,000||$15.01||$450,300.00|| |
|12/9/2014||Michael S Gross||Insider||Buy||10,000||$15.00||$150,000.00|| |
|12/8/2014||Michael S Gross||Insider||Buy||10,000||$15.07||$150,700.00|| |
|12/5/2014||Michael S Gross||Insider||Buy||29,250||$15.26||$446,355.00|| |
|3/4/2014||Michael Gross||Insider||Buy||21,052||$18.24||$383,988.48|| |
|11/15/2012||Michael S Gross||CEO||Buy||6,750||$17.28||$116,640.00|| |
|8/24/2012||Michael S Gross||CEO||Buy||25,523||$17.40||$444,100.20|| |
|8/17/2012||Michael S Gross||CEO||Buy||8,234||$17.40||$143,271.60|| |
|8/15/2012||Michael S Gross||CEO||Buy||23,481||$17.40||$408,569.40|| |
|8/10/2012||Michael S Gross||CEO||Buy||26,250||$17.44||$457,800.00|| |
|8/7/2012||Michael S Gross||CEO||Buy||16,574||$17.38||$288,056.12|| |
Headline Trends for Solar Senior Capital Ltd (NASDAQ:SUNS)
Latest Headlines for Solar Senior Capital Ltd (NASDAQ:SUNS)
|Solar Capital + Solar Senior Capital: Shareholder Meeting Results|
seekingalpha.com - May 22 at 7:04 PM
|$8.24 Million in Sales Expected for Solar Senior Capital Ltd (SUNS) This Quarter|
www.americanbankingnews.com - May 10 at 9:14 AM
|Solar Senior Capital Ltd (SUNS) Expected to Post Earnings of $0.35 Per Share|
www.americanbankingnews.com - May 8 at 10:26 PM
|Solar Senior Capital Ltd (SUNS) Receives Consensus Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - May 8 at 4:37 PM
|Q3 2017 EPS Estimates for Solar Senior Capital Ltd (SUNS) Lowered by Oppenheimer Holdings|
www.americanbankingnews.com - May 8 at 8:51 AM
|Edited Transcript of SUNS earnings conference call or presentation 3-May-17 3:00pm GMT|
finance.yahoo.com - May 7 at 8:13 AM
|Solar Senior Capital (SUNS) Given Daily News Impact Rating of 0.12|
www.americanbankingnews.com - May 5 at 10:57 PM
|Solar Senior Capital Ltd (SUNS) Lowered to Sell at Zacks Investment Research|
www.americanbankingnews.com - May 5 at 8:34 AM
|Solar Senior Capital Ltd to Issue Dividend of $0.12 (suns)|
www.americanbankingnews.com - May 4 at 4:23 PM
|Solar Senior Capital Ltd (SUNS) Stock Rating Reaffirmed by Maxim Group|
www.americanbankingnews.com - May 3 at 5:52 PM
|Solar Senior Capital Ltd (SUNS) Posts Quarterly Earnings Results, Meets Expectations|
www.americanbankingnews.com - May 3 at 5:00 PM
|Investor Network: Solar Senior Capital Ltd to Host Earnings Call|
finance.yahoo.com - May 3 at 10:32 AM
|Solar Senior posts 1Q profit|
marketbeat.com - May 3 at 5:16 AM
|BRIEF-Solar Senior Capital declares monthly distribution of $0.1175 per share|
www.reuters.com - May 2 at 5:55 PM
|Higher Quality BDCs: Solar Senior Capital|
seekingalpha.com - May 2 at 5:54 PM
|Solar Senior Capital Ltd. Announces Quarter Ended March 31, 2017 Financial Results; Declares Monthly Distribution of $0.1175 per Share for May, 2017|
finance.yahoo.com - May 2 at 5:54 PM
|Solar Senior Capital (SUNS) Earns Daily Media Impact Score of 0.45|
www.americanbankingnews.com - May 2 at 1:36 PM
|Solar Senior Capital Ltd (SUNS) Short Interest Update|
www.americanbankingnews.com - May 2 at 11:38 AM
|Solar Senior Capital Ltd (SUNS) Downgraded by Zacks Investment Research to "Hold"|
www.americanbankingnews.com - April 30 at 10:24 PM
|Solar Senior Capital Ltd (SUNS) to Release Quarterly Earnings on Tuesday|
www.americanbankingnews.com - April 30 at 9:10 AM
|Solar Senior Capital (SUNS) Getting Positive Press Coverage, Study Shows|
www.americanbankingnews.com - April 29 at 6:11 PM
|Solar Senior Capital (SUNS) Getting Very Positive Media Coverage, Report Finds|
www.americanbankingnews.com - April 26 at 12:32 PM
|Solar Senior Capital (SUNS) Earning Positive News Coverage, Report Finds|
www.americanbankingnews.com - April 21 at 10:30 PM
|$7.96 Million in Sales Expected for Solar Senior Capital Ltd (SUNS) This Quarter|
www.americanbankingnews.com - April 20 at 3:38 PM
|Solar Senior Capital (SUNS) Earns Daily Media Impact Score of 0.44|
www.americanbankingnews.com - April 18 at 3:28 PM
|Solar Senior Capital (SUNS) Receiving Somewhat Critical Media Coverage, Analysis Finds|
www.americanbankingnews.com - April 14 at 7:54 AM
|Solar Senior Capital Ltd (SUNS) Given Average Recommendation of "Buy" by Analysts|
www.americanbankingnews.com - April 13 at 8:42 AM
|Solar Senior Capital Ltd (SUNS) Stock Rating Upgraded by Zacks Investment Research|
www.americanbankingnews.com - April 13 at 7:40 AM
|Solar Senior Capital Ltd Declares Monthly Dividend of $0.12 (SUNS)|
www.americanbankingnews.com - April 7 at 6:21 PM
|Solar Senior Capital (SUNS) Declares $0.1175 Quarterly Dividend; 2.6% Yield|
www.streetinsider.com - April 7 at 12:51 PM
|Solar Senior Capital Ltd. Announces Monthly Distribution of $0.1175 Per Share for April 2017|
finance.yahoo.com - April 7 at 12:51 PM
|Solar Senior Capital declares $0.1175 dividend|
seekingalpha.com - April 7 at 6:21 AM
|Solar Senior Capital Ltd. Schedules the Release of its Financial Results for the Quarter Ended March 31, 2017|
finance.yahoo.com - March 31 at 3:21 PM
|Prospect Capital's NAV, Dividend, And Valuation Compared To 10 BDC Peers (Post Calendar Q4 2016 Earnings) - Part 2|
seekingalpha.com - March 22 at 8:11 AM
|Solar Senior Capital Ltd. (SUNS) Ex-Dividend Date Scheduled for March 21, 2017 - Nasdaq|
www.nasdaq.com - March 21 at 10:04 AM
|Solar Senior Capital's (SUNS) CEO Michael Gross on Q4 2016 Results - Earnings Call Transcript|
seekingalpha.com - February 25 at 3:20 AM
|Edited Transcript of SUNS earnings conference call or presentation 23-Feb-17 4:00pm GMT|
finance.yahoo.com - February 24 at 9:32 AM
|Solar Senior Capital Ltd Earnings Call scheduled for 11:00 am ET today|
biz.yahoo.com - February 23 at 8:19 PM
|Solar Senior Capital (SUNS) Misses Q2 EPS by 1c|
www.streetinsider.com - February 23 at 1:18 AM
|BRIEF-Solar Senior Capital Ltd Q4 net investment income per average share of $0.35|
www.reuters.com - February 23 at 1:18 AM
|Solar Senior Capital Ltd. Announces Quarter and Fiscal Year Ended December 31, 2016 Financial Results; Declares Monthly Distribution of $0.1175 per Share for March, 2017|
us.rd.yahoo.com - February 23 at 1:18 AM
|SOLAR SENIOR CAPITAL LTD. Files SEC form 8-K, Entry into a Material Definitive Agreement, Results of Operations and F|
us.rd.yahoo.com - February 23 at 1:18 AM
|Solar Senior Capital Ltd. (SUNS) Ex-Dividend Date Scheduled for February 21, 2017 - Nasdaq|
www.nasdaq.com - February 19 at 6:58 PM
|Solar Senior Capital Ltd. Announces Monthly Distribution of $0.1175 Per Share for February 2017|
finance.yahoo.com - February 8 at 6:23 AM
|Solar Senior Capital Reaches Analyst Target Price|
www.thestreet.com - February 6 at 8:10 PM
|Solar Senior Capital Ltd. (SUNS) Ex-Dividend Date Scheduled for January 17, 2017 - Nasdaq|
www.nasdaq.com - January 16 at 1:05 PM
|Solar Senior Capital Ltd. Schedules the Release of its Financial Results for the Quarter and Fiscal Year Ended December 31, 2016|
finance.yahoo.com - January 9 at 11:54 PM
|Solar Senior Capital Ltd. Announces Monthly Distribution of $0.1175 Per Share for January 2017|
us.rd.yahoo.com - January 6 at 5:43 AM
|Solar Senior Capital Ltd. Announces Monthly Distribution of $0.1175 Per Share for December 2016|
finance.yahoo.com - December 8 at 8:08 AM
|PIMCO Announces Joint Venture with Solar Capital Partners in Private Corporate Credit|
finance.yahoo.com - December 7 at 8:26 AM
Solar Senior Capital Ltd (SUNS) Chart for Saturday, May, 27, 2017