Eagle Boston Investment Management Inc. decreased its position in shares of Solar Capital Ltd. (NASDAQ:SLRC) by 13.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 368,360 shares of the financial services provider’s stock after selling 57,962 shares during the quarter. Eagle Boston Investment Management Inc. owned about 0.87% of Solar Capital worth $7,444,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Solar Capital by 3.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 520,778 shares of the financial services provider’s stock worth $11,259,000 after buying an additional 15,314 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its stake in Solar Capital by 7.4% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 434,100 shares of the financial services provider’s stock valued at $9,393,000 after acquiring an additional 29,985 shares in the last quarter. Wells Fargo & Company MN grew its stake in Solar Capital by 5.8% during the 4th quarter. Wells Fargo & Company MN now owns 263,505 shares of the financial services provider’s stock valued at $5,326,000 after acquiring an additional 14,372 shares in the last quarter. Mckinley Capital Management LLC Delaware grew its stake in Solar Capital by 2.4% during the 4th quarter. Mckinley Capital Management LLC Delaware now owns 230,376 shares of the financial services provider’s stock valued at $4,656,000 after acquiring an additional 5,391 shares in the last quarter. Finally, Signia Capital Management LLC grew its stake in Solar Capital by 2.5% during the 3rd quarter. Signia Capital Management LLC now owns 134,066 shares of the financial services provider’s stock valued at $2,901,000 after acquiring an additional 3,315 shares in the last quarter. 60.85% of the stock is owned by institutional investors.
Shares of Solar Capital Ltd. (SLRC) traded up $0.12 during mid-day trading on Friday, hitting $20.53. The stock had a trading volume of 94,500 shares, compared to its average volume of 146,092. The company has a market capitalization of $862.54, a PE ratio of 12.76, a PEG ratio of 2.33 and a beta of 0.53. Solar Capital Ltd. has a 12 month low of $19.70 and a 12 month high of $22.94. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.51.
Solar Capital (NASDAQ:SLRC) last posted its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. Solar Capital had a return on equity of 7.32% and a net margin of 50.29%. equities research analysts forecast that Solar Capital Ltd. will post 1.6 earnings per share for the current year.
Several brokerages recently commented on SLRC. Keefe, Bruyette & Woods raised Solar Capital from a “market perform” rating to an “outperform” rating and set a $23.00 price target for the company in a research note on Friday, January 12th. Zacks Investment Research upgraded Solar Capital from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. National Securities upped their price target on Solar Capital from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, November 6th. JMP Securities upgraded Solar Capital from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 16th. Finally, BidaskClub lowered Solar Capital from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 7th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $23.67.
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Solar Capital Company Profile
Solar Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests in privately held the United States middle market companies.
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