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: Closed End Funds
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NASDAQ:SUNS
- CUSIP: 83416M10
- Web: www.solarseniorcap.com
- 50 Day Moving Avg: $17.16
- 200 Day Moving Avg: $17.40
- 52 Week Range: $15.06 - $18.46
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 11.83
- P/E Growth: 2.47
- Annual Dividend: $1.41
- Dividend Yield: 8.6%
- Net Margins: 76.07%
- Return on Equity: 7.98%
- Return on Assets: 4.22%
- Current Ratio: 0.50%
- Quick Ratio: 0.50%
- Average Volume: 45,894 shs.
- Beta: 0.61
Frequently Asked Questions for Solar Senior Capital (NASDAQ:SUNS)
What is Solar Senior Capital's stock symbol?
Solar Senior Capital trades on the NASDAQ under the ticker symbol "SUNS."
How often does Solar Senior Capital pay dividends? What is the dividend yield for Solar Senior Capital?
Solar Senior Capital announced a monthly dividend on Thursday, August 3rd. Shareholders of record on Thursday, August 17th will be given a dividend of $0.117 per share on Thursday, August 31st. This represents a $1.40 annualized dividend and a yield of 8.53%. The ex-dividend date is Tuesday, August 15th. View Solar Senior Capital's Dividend History.
How were Solar Senior Capital's earnings last quarter?
Solar Senior Capital Ltd. (NASDAQ:SUNS) announced its quarterly earnings data on Tuesday, August, 1st. The company reported $0.35 EPS for the quarter, hitting analysts' consensus estimates of $0.35. The firm earned $7.66 million during the quarter, compared to analyst estimates of $8.24 million. Solar Senior Capital had a net margin of 76.07% and a return on equity of 7.98%. View Solar Senior Capital's Earnings History.
When will Solar Senior Capital make its next earnings announcement?
Where is Solar Senior Capital's stock going? Where will Solar Senior Capital's stock price be in 2017?
3 analysts have issued twelve-month target prices for Solar Senior Capital's stock. Their forecasts range from $16.00 to $18.50. On average, they anticipate Solar Senior Capital's stock price to reach $17.17 in the next twelve months. View Analyst Ratings for Solar Senior Capital.
What are analysts saying about Solar Senior Capital stock?
Here are some recent quotes from research analysts about Solar Senior Capital 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. " (7/5/2017)
- 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)
Who are some of Solar Senior Capital's key competitors?
Some companies that are related to Solar Senior Capital include PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL), Fidus Investment Corporation (FDUS), Eagle Point Credit Company (ECC), TICC Capital Corp. (TICC), Medley Capital Corporation (MCC), THL Credit (TCRD), Gladstone Investment Corporation (GAIN), WhiteHorse Finance (WHF), Fifth Street Senior Floating Rate Corp. (FSFR), Gladstone Capital Corporation (GLAD), TriplePoint Venture Growth BDC Corp. (TPVG), Invesco Bond Fund (VBF), Stellus Capital Investment Corporation (SCM), OFS Capital Corporation (OFS), Alcentra Capital Corp. (ABDC), Capitala Finance Corp. (CPTA) and StoneCastle Financial Corp (BANX).
Who are Solar Senior Capital's key executives?
Solar Senior 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 Senior Capital stock?
Solar Senior Capital's stock is owned by a number of of retail and institutional investors. Top institutional investors include Muzinich & Co. Inc. (0.00%), JPMorgan Chase & Co. (0.00%), West Family Investments Inc. (0.00%), Acadian Asset Management LLC (0.00%), Advisors Asset Management Inc. (0.00%) and B. Riley Financial Inc. (0.00%). Company insiders that own Solar Senior Capital 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.
Who sold Solar Senior Capital stock? Who is selling Solar Senior Capital stock?
Solar Senior Capital's stock was sold by a variety of institutional investors in the last quarter, including West Family Investments Inc., OxFORD Asset Management LLP, PVG Asset Management Corp, Susquehanna International Group LLP, Confluence Investment Management LLC, Ares Management LLC, B. Riley Financial Inc. and Eagle Global Advisors LLC. View Insider Buying and Selling for Solar Senior Capital.
Who bought Solar Senior Capital stock? Who is buying Solar Senior Capital stock?
Solar Senior Capital's stock was purchased by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Bank of Montreal Can, Intrinsic Edge Capital Management LLC, Summit Global Investments, Russell Investments Group Ltd., Advisors Asset Management Inc., Muzinich & Co. Inc. and JPMorgan Chase & Co.. Company insiders that have bought Solar Senior Capital 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.
How do I buy Solar Senior Capital stock?
Shares of Solar Senior 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 Senior Capital's stock price today?
MarketBeat Community Rating for Solar Senior Capital (NASDAQ SUNS)MarketBeat's community ratings are surveys of what our community members think about Solar Senior 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.
One share of Solar Senior Capital stock can currently be purchased for approximately $16.45.
Consensus Ratings for Solar Senior Capital (NASDAQ:SUNS) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 2 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.67)|
|Consensus Price Target: ||$17.17 (4.36% upside)|
Analysts' Ratings History for Solar Senior Capital (NASDAQ:SUNS)
(Data available from 8/17/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|5/3/2017||Maxim Group||Reiterated Rating||Buy||$18.50||Low|
|11/22/2016||Oppenheimer Holdings, Inc.||Initiated Coverage||Outperform||$17.00||N/A|
|11/4/2016||Citigroup Inc.||Initiated Coverage||Neutral||$16.00||N/A|
|8/4/2016||Ladenburg Thalmann Financial Services||Downgrade||Buy -> Neutral||N/A|
Earnings History for Solar Senior Capital (NASDAQ:SUNS)Earnings History by Quarter for Solar Senior Capital (NASDAQ SUNS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/1/2017||Q2 2017||$0.35||$0.35||$8.24 million||$7.66 million||View||Listen|
|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 (NASDAQ:SUNS)
2017 EPS Consensus Estimate: $1.34
2018 EPS Consensus Estimate: $1.38
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Solar Senior Capital (NASDAQ:SUNS)
|Payout Ratio:||94.63% (Trailing 12 Months of Earnings) |
103.68% (Based on This Year's Estimates)
101.44% (Based on Next Year's Estimates)
Dividend History by Quarter for Solar Senior Capital (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 (NASDAQ:SUNS)
Insider Ownership Percentage: 5.60%Insider Trades by Quarter for Solar Senior Capital (NASDAQ:SUNS)
Institutional Ownership Percentage: 32.53%
(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 (NASDAQ:SUNS)
Latest Headlines for Solar Senior Capital (NASDAQ:SUNS)
Solar Senior Capital (SUNS) Chart for Thursday, August, 17, 2017