Solar Senior Capital Ltd. is a business development company specializing in investments in leveraged, middle-market companies in the United States. The fund invests in the form of senior secured loans, including first lien, unitranche, and second lien debt instruments. It does not invest in start-up companies or companies having speculative business plans. The fund prefers debt investments between $5 million and $30 million in companies with EBITDA between $20 million and $60 million.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Investment offices, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:SUNS
Previous Symbol
CUSIP83416M10
Phone212-993-1670
Debt
Debt-to-Equity Ratio0.17
Current Ratio0.11
Quick Ratio0.11
Price-To-Earnings
Trailing P/E Ratio11.30
Forward P/E Ratio11.39
P/E GrowthN/A
Sales & Book Value
Annual Sales$32.17 million
Price / Sales7.95
Cash Flow$1.3845 per share
Price / Cash11.52
Book Value$16.81 per share
Price / Book0.95
Profitability
EPS (Most Recent Fiscal Year)$1.41
Net Income$23.38 million
Net Margins58.33%
Return on Equity8.41%
Return on Assets4.34%
Miscellaneous
EmployeesN/A
Outstanding Shares16,040,000
Market Cap$260.50 million
OptionableOptionable
Solar Senior Capital (NASDAQ:SUNS) Frequently Asked Questions
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 Tuesday, November 6th. Stockholders of record on Wednesday, November 21st will be paid a dividend of $0.1175 per share on Tuesday, December 4th. This represents a $1.41 annualized dividend and a dividend yield of 8.84%. The ex-dividend date of this dividend is Tuesday, November 20th. This is a positive change from Solar Senior Capital's previous monthly dividend of $0.12. View Solar Senior Capital's Dividend History.
How were Solar Senior Capital's earnings last quarter?
Solar Senior Capital Ltd (NASDAQ:SUNS) released its quarterly earnings results on Monday, November, 5th. The asset manager reported $0.36 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.34 by $0.02. The asset manager had revenue of $11.01 million for the quarter, compared to the consensus estimate of $10.10 million. Solar Senior Capital had a return on equity of 8.41% and a net margin of 58.33%. View Solar Senior Capital's Earnings History.
When is Solar Senior Capital's next earnings date?
What price target have analysts set for SUNS?
1 analysts have issued 1 year price targets for Solar Senior Capital's shares. Their forecasts range from $18.50 to $18.50. On average, they anticipate Solar Senior Capital's stock price to reach $18.50 in the next year. This suggests a possible upside of 16.0% from the stock's current price. View Analyst Price Targets for Solar Senior Capital.
What is the consensus analysts' recommendation for Solar Senior Capital?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Solar Senior Capital in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Solar Senior Capital.
What are Wall Street 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. " (11/9/2018)
- 2. Maxim Group analysts commented, "2Q18 net investment income (NII) of $0.35/share matched its $0.35 dividend. With: (1) asset-based lending comprising nearly 40% of SUNS’ comprehensive investment portfolio, (2) low leverage, and (3) 94% floating-rate loans, SUNS appears to be very well-positioned for the current environment. We lower our 2018 EPS estimate to $1.39, from $1.41, because 2Q18 results came in $0.01 below our estimate (and because of rounding). Our unchanged price target of $18.50 equates to 1.1x NAV, inline with best-in-class BDCs. SUNS is our top BDC pick, especially for retail investors, based on its credit risk profile and its interest rate risk profile." (8/7/2018)
Has Solar Senior Capital been receiving favorable news coverage?
Headlines about SUNS stock have been trending somewhat positive this week, InfoTrie reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Solar Senior Capital earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned media headlines about the asset manager a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an impact on the company's share price in the near future.
Who are some of Solar Senior Capital's key competitors?
Some companies that are related to Solar Senior Capital include AllianceBernstein Global Hgh Incm Fd (AWF), General American Investors (GAM), Tekla Healthcare Investors (HQH), Goldman Sachs BDC (GSBD), Solar Capital (SLRC), Templeton Global Income Fund (GIM), Blackrock Muniyield Insured Fund (MYI), Invesco Van Kampen Munpl Oprtnty Tr (VMO), John Hancock Financial Opprts Fund (BTO), Invesco Municipal Trust (VKQ), Invesco Van Kmpn Trst Fr Invst Grd Mncpl (VGM), Blackrock Muniyield Fund (MYD), Templeton Dragon Fund (TDF), BlackRock Debt Strategies Fund (DSU) and The India Fund (IFN).
Who are Solar Senior Capital's key executives?
Solar Senior Capital's management team includes the folowing people:
- Mr. Michael S. Gross, Chairman, Pres & CEO (Age 56)
- Mr. Bruce J. Spohler, Chief Operating Officer (Age 57)
- Mr. Richard L. Peteka, Treasurer, Sec. & CFO (Age 56)
- Mr. Richard R. Pivirotto Jr., Investor Relations
- Mr. Guy Francis Talarico J.D., Chief Compliance Officer (Age 63)
Who are Solar Senior Capital's major shareholders?
Solar Senior Capital's stock is owned by many different of institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (5.06%), JPMorgan Chase & Co. (5.06%), Advisors Asset Management Inc. (1.88%), Resource America Inc. (0.70%), Clear Harbor Asset Management LLC (0.56%) and Mackenzie Financial Corp (0.43%). Company insiders that own Solar Senior Capital stock include Bruce J Spohler and Michael S Gross. View Institutional Ownership Trends for Solar Senior Capital.
Which major investors are selling Solar Senior Capital stock?
Which major investors are buying Solar Senior Capital stock?
SUNS stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., JPMorgan Chase & Co., Resource America Inc., Mackenzie Financial Corp, Stratos Wealth Partners LTD. and Nisa Investment Advisors LLC. Company insiders that have bought Solar Senior Capital stock in the last two years include Bruce J Spohler and Michael S Gross. View Insider Buying and Selling for Solar Senior Capital.
How do I buy shares of Solar Senior Capital?
Shares of SUNS 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 Senior Capital's stock price today?
One share of SUNS stock can currently be purchased for approximately $15.95.
How big of a company is Solar Senior Capital?
Solar Senior Capital has a market capitalization of $260.50 million and generates $32.17 million in revenue each year. The asset manager earns $23.38 million in net income (profit) each year or $1.41 on an earnings per share basis.
What is Solar Senior Capital's official website?
How can I contact Solar Senior Capital?
Solar Senior Capital's mailing address is 500 Park Avenue, New York NY, 10022. The asset manager can be reached via phone at 212-993-1670.
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 SUNS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SUNS will underperform the S&P 500 over the long term. You may vote once every thirty days.
