Solar Senior Capital Ltd (NASDAQ:SUNS) Short Interest Update

Solar Senior Capital Ltd (NASDAQ:SUNS) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 72,500 shares, an increase of 37.6% from the September 30th total of 52,700 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 38,800 shares, the short-interest ratio is presently 1.9 days.

Shares of Solar Senior Capital stock opened at $17.72 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market cap of $285.12 million, a P/E ratio of 12.57 and a beta of 0.59. The firm has a 50 day simple moving average of $17.45 and a 200 day simple moving average of $16.90. Solar Senior Capital has a fifty-two week low of $14.50 and a fifty-two week high of $18.00.

Solar Senior Capital (NASDAQ:SUNS) last issued its quarterly earnings results on Monday, November 4th. The asset manager reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $10.40 million during the quarter, compared to analyst estimates of $10.89 million. Solar Senior Capital had a net margin of 35.72% and a return on equity of 8.59%. On average, sell-side analysts expect that Solar Senior Capital will post 1.39 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 21st will be issued a $0.117 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.92%. The ex-dividend date is Wednesday, November 20th. Solar Senior Capital’s dividend payout ratio is currently 100.00%.

SUNS has been the subject of a number of research reports. Zacks Investment Research lowered shares of Solar Senior Capital from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Maxim Group reissued a “buy” rating and issued a $19.00 price target on shares of Solar Senior Capital in a report on Wednesday, November 6th. Finally, BidaskClub lowered shares of Solar Senior Capital from a “hold” rating to a “sell” rating in a report on Saturday, November 9th.

Several institutional investors have recently modified their holdings of SUNS. Marshall Wace LLP acquired a new stake in shares of Solar Senior Capital in the first quarter valued at approximately $42,000. Advisor Group Inc. grew its holdings in Solar Senior Capital by 48.4% during the 2nd quarter. Advisor Group Inc. now owns 9,214 shares of the asset manager’s stock worth $146,000 after acquiring an additional 3,006 shares during the period. Manchester Capital Management LLC acquired a new stake in Solar Senior Capital during the 2nd quarter worth $32,000. Wells Fargo & Company MN grew its holdings in Solar Senior Capital by 75.3% during the 2nd quarter. Wells Fargo & Company MN now owns 20,447 shares of the asset manager’s stock worth $326,000 after acquiring an additional 8,782 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in Solar Senior Capital by 7.0% during the 2nd quarter. Acadian Asset Management LLC now owns 131,779 shares of the asset manager’s stock worth $2,094,000 after acquiring an additional 8,631 shares during the period. 19.99% of the stock is owned by institutional investors and hedge funds.

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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