Equities analysts expect Solar Senior Capital Ltd. (NASDAQ:SUNS) to report earnings per share (EPS) of $0.35 for the current fiscal quarter, Zacks reports. Two analysts have provided 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 business is scheduled to announce its next quarterly earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that Solar Senior Capital will report full year earnings of $1.41 per share for the current financial year. For the next fiscal year, analysts forecast 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 earnings per share calculations are an average based on a survey of research firms that follow Solar Senior Capital.
Solar Senior Capital (NASDAQ:SUNS) last released its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. Solar Senior Capital had a net margin of 76.43% and a return on equity of 8.39%. The business had revenue of $7.97 million for the quarter, compared to analyst estimates of $7.82 million.
SUNS has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Solar Senior Capital from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BidaskClub lowered shares of Solar Senior Capital from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $17.75.
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Institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. increased its stake 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 valued at $112,000 after buying an additional 95 shares during the period. Wedbush Securities Inc. increased its stake 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 valued at $186,000 after buying an additional 48 shares during the period. Acadian Asset Management LLC increased its stake in Solar Senior Capital by 46.6% in the 2nd quarter. Acadian Asset Management LLC now owns 399,623 shares of the asset manager’s stock valued at $6,691,000 after buying an additional 126,982 shares during the period. Russell Investments Group Ltd. increased its stake 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 valued at $508,000 after buying an additional 18,968 shares during the period. Finally, Muzinich & Co. Inc. increased its stake 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 valued at $9,605,000 after buying an additional 8,242 shares during the period. Hedge funds and other institutional investors own 30.21% of the company’s stock.
Solar Senior Capital (NASDAQ:SUNS) traded up $0.03 during mid-day trading on Tuesday, hitting $18.15. 70,200 shares of the stock were exchanged, compared to its average volume of 52,262. Solar Senior Capital has a twelve month low of $15.89 and a twelve month high of $18.46. The firm has a market capitalization of $290.55, a price-to-earnings ratio of 12.94, a P/E/G ratio of 2.57 and a beta of 0.63.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 22nd will be paid a $0.1175 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.41 annualized dividend and a yield of 7.77%. Solar Senior Capital’s dividend payout ratio is presently 97.92%.
Solar Senior Capital Company Profile
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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