Media coverage about Solar Senior Capital (NASDAQ:SUNS) has been trending positive on Saturday, according to AlphaOne Sentiment Analysis. The research firm, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Solar Senior Capital earned a media sentiment score of 0.32 on AlphaOne’s scale. AlphaOne also gave news headlines about the asset manager an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the next several days.
Solar Senior Capital (NASDAQ:SUNS) traded down 2.28% during trading on Friday, reaching $17.17. The company’s stock had a trading volume of 86,131 shares. The firm has a 50 day moving average price of $17.92 and a 200-day moving average price of $17.11. Solar Senior Capital has a 52-week low of $15.06 and a 52-week high of $18.46.
Solar Senior Capital (NASDAQ:SUNS) last released its quarterly earnings results on Tuesday, May 2nd. The asset manager reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. Solar Senior Capital had a return on equity of 7.94% and a net margin of 52.81%. The firm had revenue of $7.50 million for the quarter, compared to analyst estimates of $7.96 million. On average, equities analysts expect that Solar Senior Capital will post $1.41 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Thursday, May 18th will be paid a $0.117 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.18%. The ex-dividend date is Tuesday, May 16th. Solar Senior Capital’s dividend payout ratio is 120.51%.
SUNS has been the topic of several analyst reports. Zacks Investment Research raised Solar Senior Capital from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Thursday, April 13th. Maxim Group reissued a “buy” rating and issued a $18.50 target price on shares of Solar Senior Capital in a research note on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $17.88.
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In other Solar Senior Capital news, insider Michael S. Gross acquired 14,438 shares of the company’s stock in a transaction dated Thursday, March 2nd. The shares were bought at an average cost of $17.57 per share, with a total value of $253,675.66. Following the purchase, the insider now directly owns 231,608 shares of the company’s stock, valued at $4,069,352.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.50% of the stock is owned by insiders.
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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