About Solar Senior Capital (NASDAQ:SUNS)
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
Industry Investment offices, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
Trailing P/E Ratio12.00
Forward P/E Ratio11.92
Sales & Book Value
Annual Sales$32.17 million
Price / Sales8.44
Cash Flow$1.4077 per share
Price / Cash12.02
Book Value$16.85 per share
Price / Book1.00
EPS (Most Recent Fiscal Year)$1.41
Net Income$23.38 million
Return on Equity8.38%
Return on Assets4.48%
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, April 4th. Stockholders of record on Thursday, April 19th will be paid a dividend of $0.1175 per share on Wednesday, May 2nd. This represents a $1.41 annualized dividend and a dividend yield of 8.33%. The ex-dividend date is Wednesday, April 18th. View Solar Senior Capital's Dividend History.
How were Solar Senior Capital's earnings last quarter?
Solar Senior Capital (NASDAQ:SUNS) released its earnings results on Thursday, February, 22nd. The asset manager reported $0.35 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.35. The asset manager earned $9.05 million during the quarter, compared to the consensus estimate of $8.74 million. Solar Senior Capital had a return on equity of 8.38% and a net margin of 72.70%. 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 Wall Street analysts have issued 1-year price targets for Solar Senior Capital's stock. 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 twelve months. 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. " (1/5/2018)
- 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 Hercules Technology Growth Capital (HTGC), Alliance World Dollar Government Fund II (AWF), Pimco High Income Fund (PHK), General American Investors (GAM), Solar Capital (SLRC), Templeton Global Income Fund (GIM), Tekla Healthcare (HQH), Blackrock Muniyield Insured Fund (MYI), Invesco Van Kampen Municpl Opprtnty Trst (VMO), Goldman Sachs BDC (GSBD), Templeton Dragon Fund (TDF), John Hancock Bank And Thrift O (BTO), The India Fund (IFN), Blackrock Debt Strategies Fund (DSU) and Invesco Van Kmpn Trst Fr Invst Grd Mncpl (VGM).
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 (Age 55)
- Richard L. Peteka, Chief Financial Officer, Treasurer, Secretary (Age 55)
- Bruce J. Spohler, Chief Operating Officer, Director (Age 56)
- Guy F. Talarico, Chief Compliance Officer (Age 61)
- Steven Hochberg, Independent Director (Age 55)
- Leonard A. Potter, Independent Director (Age 55)
- David S. Wachter, Independent Director (Age 53)
Has Solar Senior Capital been receiving favorable news coverage?
News articles about SUNS stock have been trending somewhat positive on Tuesday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Solar Senior Capital earned a coverage optimism score of 0.06 on Accern's scale. They also assigned media headlines about the asset manager an impact score of 46.78 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.
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 $16.92.
How big of a company is Solar Senior Capital?
Solar Senior Capital has a market capitalization of $271.70 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.
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 (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.
Solar Senior Capital (NASDAQ:SUNS) Dividend Information
Solar Senior Capital pays an annual dividend of $1.41 per share, with a dividend yield of 8.33%. SUNS's next monthly dividend payment will be made on Wednesday, May 2. Solar Senior Capital pays out 100.00% of its earnings out as a dividend.
|Payout Ratio:||100.00% (Trailing 12 Months of Earnings) |
99.30% (Based on This Year's Estimates)
95.92% (Based on Next Year's Estimates)
Solar Senior Capital (NASDAQ:SUNS) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Solar Senior Capital (NASDAQ SUNS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 5.60%
Institutional Ownership Percentage: 27.90%
Solar Senior Capital (NASDAQ SUNS) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/5/2018||Bruce J Spohler||Insider||Buy||5,113||$16.74||$85,591.62||4,000|| |
|3/2/2018||Bruce J Spohler||Insider||Buy||11,254||$16.85||$189,629.90||4,000|| |
|3/2/2017||Michael S Gross||Insider||Buy||14,438||$17.57||$253,675.66||231,608|| |
|5/11/2016||Steven Hochberg||Director||Buy||12,500||$15.49||$193,625.00||20,000|| |
|4/26/2016||Rs Properties I Llc||Major Shareholder||Sell||9,202||$14.88||$136,925.76||131,324|| |
|4/21/2016||Rs Properties I Llc||Major Shareholder||Sell||4,396||$14.88||$65,412.48||133,050|| |
|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||231,608|| |
|3/2/2016||Bruce J Spohler||Insider||Buy||13,603||$14.10||$191,802.30||4,000|| |
|12/15/2015||Michael S Gross||Insider||Buy||1,200||$14.65||$17,580.00||228,108|| |
|12/11/2015||Bruce J Spohler||Insider||Buy||2,400||$14.82||$35,568.00||4,000|| |
|12/3/2015||Rs Properties I. Llc||major shareholder||Buy||29,060||$15.83||$460,019.80||140,908|| |
|11/18/2015||Bruce J. Spohler||insider||Buy||1,600||$15.29||$24,464.00||1,600|| |
|11/17/2015||Bruce J. Spohler||insider||Buy||100||$15.19||$1,519.00||1,600|| |
|11/16/2015||Michael S Gross||Insider||Buy||6,000||$15.26||$91,560.00||220,008|| |
|9/9/2015||Michael S Gross||Insider||Buy||7,800||$14.86||$115,908.00||217,008|| |
|8/27/2015||Michael S Gross||Insider||Buy||9,667||$14.79||$142,974.93||217,008|| |
|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||217,008|| |
|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|| |
Solar Senior Capital (NASDAQ SUNS) News Headlines
Solar Senior Capital (NASDAQ:SUNS) SEC Filings
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Solar Senior Capital (NASDAQ:SUNS) Income Statement, Balance Sheet and Cash Flow Statement
Solar Senior Capital (NASDAQ SUNS) Stock Chart for Tuesday, April, 24, 2018