Wall Street brokerages expect Solar Senior Capital Ltd (NASDAQ:SUNS) to report earnings of $0.35 per share for the current quarter, according to Zacks. Two analysts have made estimates for Solar Senior Capital’s earnings. Solar Senior Capital also reported earnings per share of $0.35 in the same quarter last year. The firm is expected to issue its next quarterly earnings results on Wednesday, February 28th.
On average, analysts expect that Solar Senior Capital will report full year earnings of $1.41 per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $1.43 per share, with EPS estimates ranging from $1.40 to $1.45. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Solar Senior Capital.
Solar Senior Capital (NASDAQ:SUNS) last posted its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The firm had revenue of $7.97 million during the quarter, compared to analyst estimates of $7.82 million. Solar Senior Capital had a net margin of 76.43% and a return on equity of 8.39%.
Separately, Zacks Investment Research upgraded shares of Solar Senior Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th.
Shares of Solar Senior Capital (SUNS) opened at $17.81 on Thursday. Solar Senior Capital has a one year low of $16.09 and a one year high of $18.46. The stock has a market cap of $285.58, a P/E ratio of 12.87, a PEG ratio of 2.56 and a beta of 0.63.
The business also recently declared a monthly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 21st will be paid a dividend of $0.117 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $1.40 annualized dividend and a dividend yield of 7.88%. Solar Senior Capital’s payout ratio is currently 97.92%.
Hedge funds have recently modified their holdings of the company. Advisor Group Inc. boosted its holdings in Solar Senior Capital by 1.4% in the 2nd quarter. Advisor Group Inc. now owns 6,657 shares of the asset manager’s stock worth $112,000 after buying an additional 95 shares during the period. Wedbush Securities Inc. boosted its holdings in Solar Senior Capital by 0.4% in the 2nd quarter. Wedbush Securities Inc. now owns 11,122 shares of the asset manager’s stock worth $186,000 after buying an additional 48 shares during the period. Russell Investments Group Ltd. boosted its holdings in Solar Senior Capital by 166.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 30,360 shares of the asset manager’s stock worth $508,000 after buying an additional 18,968 shares during the period. Muzinich & Co. Inc. boosted its holdings in Solar Senior Capital by 1.5% in the 2nd quarter. Muzinich & Co. Inc. now owns 573,781 shares of the asset manager’s stock worth $9,605,000 after buying an additional 8,242 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Solar Senior Capital by 1.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 455,914 shares of the asset manager’s stock worth $7,632,000 after buying an additional 7,931 shares during the period. Institutional investors own 30.24% of the company’s stock.
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About Solar Senior Capital
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.
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