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
Industry Investment offices, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone212-993-1670
Debt
Current Ratio0.11
Quick Ratio0.11
Price-To-Earnings
Sales & Book Value
Annual Sales$32.17 million
Price / Sales8.15
Price / Cash Flow11.50
Price / Book0.97
Profitability
Net Income$23.38 million
Net Margins58.33%
Return on Assets4.34%
Miscellaneous
EmployeesN/A
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 declared a monthly dividend on Wednesday, January 9th. Investors of record on Thursday, January 24th will be paid a dividend of $0.1175 per share on Friday, February 1st. This represents a $1.41 annualized dividend and a yield of 8.63%. The ex-dividend date is Wednesday, January 23rd. View Solar Senior Capital's Dividend History.
How were Solar Senior Capital's earnings last quarter?
Solar Senior Capital Ltd (NASDAQ:SUNS) posted its earnings results on Monday, November, 5th. The asset manager reported $0.36 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.34 by $0.02. The asset manager earned $11.01 million during the quarter, compared to analysts' expectations 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 equities research analysts have issued 1-year price objectives for Solar Senior Capital's shares. Their forecasts range from $18.50 to $18.50. On average, they expect Solar Senior Capital's stock price to reach $18.50 in the next year. This suggests a possible upside of 13.2% 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. " (11/16/2018)
- 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?
Press coverage about SUNS stock has been trending positive this week, according to InfoTrie Sentiment. The research group scores the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public 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 2.6 on InfoTrie's scale. They also gave headlines about the asset manager a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an effect on the company's share price in the near term.
Who are some of Solar Senior Capital's key competitors?
Some companies that are related to Solar Senior Capital include Apollo Investment (AINV), AllianceBernstein Global Hgh Incm Fd (AWF), Tekla Healthcare Investors (HQH), Solar Capital (SLRC), Templeton Global Income Fund (GIM), Blackrock Muniyield Insured Fund (MYI), Goldman Sachs BDC (GSBD), General American Investors (GAM), Invesco Van Kampen Munpl Oprtnty Tr (VMO), Invesco Van Kmpn Trst Fr Invst Grd Mncpl (VGM), Invesco Municipal Trust (VKQ), Blackrock Muniyield Fund (MYD), John Hancock Financial Opprts Fund (BTO), Templeton Dragon Fund (TDF) 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 57)
- Mr. Bruce J. Spohler, Chief Operating Officer (Age 58)
- Mr. Richard L. Peteka, Treasurer, Sec. & CFO (Age 57)
- Mr. Richard R. Pivirotto Jr., Investor Relations
- Mr. Guy Francis Talarico J.D., Chief Compliance Officer (Age 64)
Who are Solar Senior Capital's major shareholders?
Solar Senior Capital's stock is owned by a number of of retail and institutional investors. Top institutional investors include Menlo Advisors LLC (0.10%). 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 institutional investors are selling Solar Senior Capital stock?
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 $16.3474.
How big of a company is Solar Senior Capital?
Solar Senior Capital has a market capitalization of $260.02 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.
