Legal & General Group Plc Acquires 42,444 Shares of Solar Senior Capital Ltd (NASDAQ:SUNS)

Legal & General Group Plc boosted its holdings in shares of Solar Senior Capital Ltd (NASDAQ:SUNS) by 91.0% during the 1st quarter, Holdings Channel reports. The fund owned 89,063 shares of the asset manager’s stock after buying an additional 42,444 shares during the period. Legal & General Group Plc’s holdings in Solar Senior Capital were worth $863,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SUNS. Marshall Wace LLP bought a new position in Solar Senior Capital during the 1st quarter worth about $42,000. Tower Research Capital LLC TRC bought a new position in Solar Senior Capital during the 4th quarter worth about $60,000. Great West Life Assurance Co. Can bought a new position in Solar Senior Capital during the 4th quarter worth about $77,000. Bank of America Corp DE lifted its position in shares of Solar Senior Capital by 72.4% during the fourth quarter. Bank of America Corp DE now owns 5,113 shares of the asset manager’s stock valued at $90,000 after buying an additional 2,147 shares during the last quarter. Finally, Certified Advisory Corp lifted its position in shares of Solar Senior Capital by 74.4% during the first quarter. Certified Advisory Corp now owns 9,528 shares of the asset manager’s stock valued at $93,000 after buying an additional 4,065 shares during the last quarter. Institutional investors own 21.14% of the company’s stock.

Shares of Solar Senior Capital stock opened at $12.76 on Wednesday. The firm has a market capitalization of $206.87 million, a P/E ratio of -31.90 and a beta of 1.31. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.73. The company has a 50 day moving average price of $12.85 and a 200 day moving average price of $14.58. Solar Senior Capital Ltd has a 52 week low of $6.30 and a 52 week high of $18.29.

Solar Senior Capital (NASDAQ:SUNS) last announced its quarterly earnings data on Thursday, May 7th. The asset manager reported $0.35 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $8.78 million during the quarter, compared to analyst estimates of $9.68 million. Solar Senior Capital had a negative net margin of 16.84% and a positive return on equity of 8.87%. As a group, research analysts anticipate that Solar Senior Capital Ltd will post 1.25 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 18th will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 9.40%. The ex-dividend date of this dividend is Wednesday, June 17th. Solar Senior Capital’s payout ratio is currently 85.11%.

SUNS has been the subject of several analyst reports. BidaskClub raised shares of Solar Senior Capital from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 10th. Zacks Investment Research raised shares of Solar Senior Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, June 16th. Oppenheimer reissued a “buy” rating on shares of Solar Senior Capital in a research report on Sunday, May 10th. Finally, ValuEngine lowered shares of Solar Senior Capital from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $15.67.

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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Institutional Ownership by Quarter for Solar Senior Capital (NASDAQ:SUNS)

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