Solar Senior Capital Ltd (NASDAQ:SUNS) Short Interest Down 25.9% in January

Solar Senior Capital Ltd (NASDAQ:SUNS) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 30,000 shares, a drop of 25.9% from the December 31st total of 40,500 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 32,800 shares, the short-interest ratio is presently 0.9 days.

Several equities research analysts have weighed in on SUNS shares. Maxim Group reiterated a “buy” rating and issued a $19.00 target price on shares of Solar Senior Capital in a report on Wednesday, November 6th. Zacks Investment Research upgraded shares of Solar Senior Capital from a “sell” rating to a “hold” rating in a report on Thursday, January 9th. Finally, BidaskClub lowered shares of Solar Senior Capital from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th.

Shares of NASDAQ:SUNS traded down $0.16 during midday trading on Monday, reaching $17.72. 227 shares of the company were exchanged, compared to its average volume of 32,040. Solar Senior Capital has a fifty-two week low of $15.82 and a fifty-two week high of $18.29. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $17.86 and a two-hundred day simple moving average of $17.38. The firm has a market cap of $284.41 million, a PE ratio of 19.70 and a beta of 0.58.

Solar Senior Capital (NASDAQ:SUNS) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Solar Senior Capital had a net margin of 35.72% and a return on equity of 8.59%. The business had revenue of $10.40 million for the quarter, compared to analyst estimates of $10.89 million. As a group, analysts forecast that Solar Senior Capital will post 1.39 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 23rd will be issued a dividend of $0.117 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.92%. Solar Senior Capital’s payout ratio is 100.00%.

Several large investors have recently modified their holdings of SUNS. Marshall Wace LLP acquired a new stake in shares of Solar Senior Capital during the first quarter worth $42,000. Wells Fargo & Company MN raised its holdings in shares of Solar Senior Capital by 75.3% during the second quarter. Wells Fargo & Company MN now owns 20,447 shares of the asset manager’s stock worth $326,000 after acquiring an additional 8,782 shares during the period. Morgan Stanley raised its holdings in shares of Solar Senior Capital by 38.7% during the second quarter. Morgan Stanley now owns 34,652 shares of the asset manager’s stock worth $551,000 after acquiring an additional 9,670 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Solar Senior Capital by 49.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 68,705 shares of the asset manager’s stock worth $1,093,000 after acquiring an additional 22,790 shares during the period. Finally, Confluence Investment Management LLC raised its holdings in shares of Solar Senior Capital by 1.5% during the third quarter. Confluence Investment Management LLC now owns 69,047 shares of the asset manager’s stock worth $1,226,000 after acquiring an additional 992 shares during the period. Institutional investors and hedge funds own 19.29% 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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