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.
Read More…
Industry, Sector and Symbol
Industry Investment offices, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone212-993-1670
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$39.81 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date11/4/2019 (Estimated)
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 Monday, August 5th. Investors of record on Thursday, August 22nd will be given a dividend of $0.117 per share on Friday, August 30th. This represents a $1.40 dividend on an annualized basis and a yield of 8.12%. The ex-dividend date is Wednesday, August 21st. View Solar Senior Capital's Dividend History.
How were Solar Senior Capital's earnings last quarter?
Solar Senior Capital Ltd (NASDAQ:SUNS) issued its quarterly earnings results on Monday, August, 5th. The asset manager reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.33 by $0.02. The asset manager earned $10.01 million during the quarter, compared to analysts' expectations of $10.76 million. Solar Senior Capital had a return on equity of 8.57% and a net margin of 35.76%. 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 brokers have issued twelve-month price objectives for Solar Senior Capital's stock. Their predictions range from $18.50 to $18.50. On average, they anticipate Solar Senior Capital's stock price to reach $18.50 in the next twelve months. This suggests a possible upside of 6.9% 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. " (8/10/2019)
- 2. Maxim Group analysts commented, "2Q19 net investment income (NII) of $0.35/share matched SUNS’ $0.35 dividend, with help from the waiver of $0.06 of management and incentive fees. NAV per share was stable (down 0.4%). Our price target of $18.50 equates to 1.13x NAV (same as previously), inline with best-in-class BDCs. SUNS is our top BDC pick, especially for retail investors, based on its track record and its credit risk profile." (8/8/2019)
Has Solar Senior Capital been receiving favorable news coverage?
News coverage about SUNS stock has been trending negative recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Solar Senior Capital earned a coverage optimism score of -2.3 on InfoTrie's scale. They also assigned headlines about the asset manager a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Solar Senior Capital.
Are investors shorting Solar Senior Capital?
Solar Senior Capital saw a increase in short interest during the month of July. As of July 31st, there was short interest totalling 88,900 shares, an increase of 59.3% from the June 30th total of 55,800 shares. Based on an average daily trading volume, of 31,900 shares, the short-interest ratio is presently 2.8 days. Approximately 0.6% of the company's stock are sold short. View Solar Senior Capital's Current Options Chain.
Who are some of Solar Senior Capital's key competitors?
Some companies that are related to Solar Senior Capital include Apollo Investment (AINV), PIMCO High Income Fund (PHK), AllianceBernstein Global Hgh Incm Fd (AWF), Blackrock Muniyield Insured Fund (MYI), General American Investors (GAM), Invesco Van Kampen Munpl Oprtnty Tr (VMO), Solar Capital (SLRC), Templeton Global Income Fund (GIM), Tekla Healthcare Investors (HQH), Goldman Sachs BDC (GSBD), Invesco Trust for Investment GradeMncpls (VGM), Invesco Municipal Trust (VKQ), Blackrock Muniyield Fund (MYD), Western Asset Managed Municipals Fnd (MMU) and Invesco California Value Mncpl Incm Trst (VCV).
What other stocks do shareholders of Solar Senior Capital own?
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 John 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 many different of institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (4.79%), Virtus ETF Advisers LLC (1.17%), Acadian Asset Management LLC (0.82%), Ladenburg Thalmann Financial Services Inc. (0.43%), BlackRock Inc. (0.41%) and Morgan Stanley (0.22%). View Institutional Ownership Trends for Solar Senior Capital.
Which institutional investors are selling Solar Senior Capital stock?
Which institutional investors are buying Solar Senior Capital stock?
SUNS stock was bought by a variety of institutional investors in the last quarter, including Virtus ETF Advisers LLC, Ladenburg Thalmann Financial Services Inc., Peapack Gladstone Financial Corp, Morgan Stanley, Wells Fargo & Company MN, Acadian Asset Management LLC, Advisor Group Inc. and Manchester Capital Management LLC. 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 $17.30.
How big of a company is Solar Senior Capital?
Solar Senior Capital has a market capitalization of $277.49 million and generates $39.81 million in revenue each year. The asset manager earns $13.81 million in net income (profit) each year or $1.41 on an earnings per share basis. View Additional Information About Solar Senior Capital.
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.
