AllSquare Wealth Management LLC lifted its position in Solar Senior Capital Ltd (NASDAQ:SUNS) by 293.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,300 shares of the asset manager’s stock after acquiring an additional 4,700 shares during the period. AllSquare Wealth Management LLC’s holdings in Solar Senior Capital were worth $108,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Confluence Investment Management LLC raised its position in shares of Solar Senior Capital by 2.0% in the 1st quarter. Confluence Investment Management LLC now owns 67,877 shares of the asset manager’s stock valued at $1,165,000 after acquiring an additional 1,336 shares during the period. Advisor Group Inc. raised its position in shares of Solar Senior Capital by 276.7% in the 4th quarter. Advisor Group Inc. now owns 2,501 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 1,837 shares during the period. Destination Wealth Management acquired a new stake in shares of Solar Senior Capital in the 1st quarter valued at approximately $45,000. Two Sigma Advisers LP raised its position in shares of Solar Senior Capital by 11.4% in the 4th quarter. Two Sigma Advisers LP now owns 47,522 shares of the asset manager’s stock valued at $719,000 after acquiring an additional 4,878 shares during the period. Finally, IFP Advisors Inc acquired a new stake in shares of Solar Senior Capital in the 4th quarter valued at approximately $76,000. Institutional investors and hedge funds own 20.89% of the company’s stock.
NASDAQ SUNS opened at $16.93 on Thursday. Solar Senior Capital Ltd has a 52-week low of $14.50 and a 52-week high of $17.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market cap of $271.63 million, a P/E ratio of 12.01 and a beta of 0.59.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 4th. Investors of record on Thursday, May 23rd will be paid a dividend of $0.1175 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.41 dividend on an annualized basis and a yield of 8.33%. Solar Senior Capital’s payout ratio is 100.00%.
A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Solar Senior Capital from a “sell” rating to a “hold” rating in a research report on Saturday, April 6th. BidaskClub downgraded shares of Solar Senior Capital from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.
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About Solar Senior Capital
Solar Senior Capital Ltd. is a business development company specializing in investments in leveraged, middle-market companies in the United States. The fund invests in the form of senior secured loans, including first lien, unitranche, and second lien debt instruments. It does not invest in start-up companies or companies having speculative business plans.
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