Equities analysts expect that Solar Senior Capital Ltd (NASDAQ:SUNS) will report earnings of $0.35 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Solar Senior Capital’s earnings. Solar Senior Capital also reported earnings per share of $0.35 during the same quarter last year. The company is expected to announce its next earnings report on Tuesday, May 1st.
On average, analysts expect that Solar Senior Capital will report full year earnings of $1.41 per share for the current financial year, with EPS estimates ranging from $1.40 to $1.41. For the next fiscal year, analysts anticipate that the company will report earnings of $1.47 per share, with EPS estimates ranging from $1.41 to $1.52. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Solar Senior Capital.
Several research analysts have weighed in on SUNS shares. BidaskClub downgraded Solar Senior Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Zacks Investment Research downgraded Solar Senior Capital from a “hold” rating to a “sell” rating in a research note on Friday, January 5th.
In related news, insider Bruce J. Spohler purchased 11,254 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were bought at an average price of $16.85 per share, for a total transaction of $189,629.90. Following the acquisition, the insider now owns 4,000 shares of the company’s stock, valued at approximately $67,400. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bruce J. Spohler purchased 5,113 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were bought at an average price of $16.74 per share, for a total transaction of $85,591.62. Following the acquisition, the insider now directly owns 4,000 shares in the company, valued at approximately $66,960. The disclosure for this purchase can be found here. 5.60% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. West Family Investments Inc. raised its holdings in Solar Senior Capital by 0.9% during the 4th quarter. West Family Investments Inc. now owns 500,309 shares of the asset manager’s stock valued at $8,886,000 after buying an additional 4,700 shares during the period. Ramsey Quantitative Systems bought a new stake in Solar Senior Capital during the fourth quarter valued at about $119,000. OxFORD Asset Management LLP boosted its position in Solar Senior Capital by 24.8% during the third quarter. OxFORD Asset Management LLP now owns 33,478 shares of the asset manager’s stock valued at $583,000 after purchasing an additional 6,644 shares in the last quarter. Mackenzie Financial Corp boosted its position in Solar Senior Capital by 37.3% during the fourth quarter. Mackenzie Financial Corp now owns 40,000 shares of the asset manager’s stock valued at $710,000 after purchasing an additional 10,877 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in Solar Senior Capital by 18.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 50,673 shares of the asset manager’s stock valued at $874,000 after purchasing an additional 7,860 shares in the last quarter. Institutional investors own 28.46% of the company’s stock.
Solar Senior Capital (NASDAQ SUNS) opened at $16.79 on Thursday. Solar Senior Capital has a 52 week low of $16.10 and a 52 week high of $18.46. The firm has a market capitalization of $269.22, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 2.41 and a beta of 0.62.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 22nd will be issued a dividend of $0.1175 per share. This represents a $1.41 annualized dividend and a dividend yield of 8.40%. This is a boost from Solar Senior Capital’s previous monthly dividend of $0.12. The ex-dividend date is Wednesday, March 21st. Solar Senior Capital’s dividend payout ratio is 96.58%.
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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