According to Zacks, “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. “
Separately, BidaskClub lowered Solar Senior Capital from a buy rating to a hold rating in a report on Friday, March 1st.
Solar Senior Capital (NASDAQ:SUNS) last announced its quarterly earnings data on Monday, May 6th. The asset manager reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Solar Senior Capital had a return on equity of 8.50% and a net margin of 38.53%. The company had revenue of $10.23 million for the quarter, compared to analyst estimates of $10.10 million. As a group, equities research analysts anticipate that Solar Senior Capital will post 1.38 EPS for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Thursday, June 20th will be given a dividend of $0.1175 per share. The ex-dividend date is Wednesday, June 19th. This represents a $1.41 annualized dividend and a dividend yield of 8.86%. Solar Senior Capital’s dividend payout ratio (DPR) is presently 100.00%.
Several institutional investors have recently bought and sold shares of SUNS. B. Riley Wealth Management Inc. bought a new position in shares of Solar Senior Capital during the 4th quarter worth approximately $4,194,000. Glassman Wealth Services bought a new position in shares of Solar Senior Capital during the 1st quarter worth approximately $167,000. Two Sigma Investments LP lifted its position in shares of Solar Senior Capital by 18.5% during the 4th quarter. Two Sigma Investments LP now owns 42,294 shares of the asset manager’s stock worth $639,000 after buying an additional 6,610 shares during the period. Certified Advisory Corp lifted its position in shares of Solar Senior Capital by 334.7% during the 1st quarter. Certified Advisory Corp now owns 6,521 shares of the asset manager’s stock worth $112,000 after buying an additional 5,021 shares during the period. Finally, Two Sigma Advisers LP lifted its position in shares of Solar Senior Capital by 11.4% during the 4th quarter. Two Sigma Advisers LP now owns 47,522 shares of the asset manager’s stock worth $719,000 after buying an additional 4,878 shares during the period. Institutional investors and hedge funds own 19.38% of the company’s stock.
About Solar Senior Capital
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.
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