Zacks Investment Research cut shares of Solar Senior Capital (NASDAQ:SUNS) from a buy rating to a hold rating in a report released on Saturday.

According to Zacks, “Solar Senior Capital Ltd. operates as a business development company under the Investment Company Act of 1940. The Company invests primarily in senior secured loans, including first lien, unitranche and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade. “

Separately, BidaskClub cut shares of Solar Senior Capital from a buy rating to a hold rating in a research note on Friday, March 1st.

SUNS stock opened at $17.10 on Friday. The stock has a market capitalization of $274.28 million, a price-to-earnings ratio of 12.13 and a beta of 0.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.06 and a quick ratio of 0.06. Solar Senior Capital has a 12 month low of $14.50 and a 12 month high of $17.40.

Solar Senior Capital (NASDAQ:SUNS) last released its quarterly earnings data on Thursday, February 21st. The asset manager reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.02. The company had revenue of $9.98 million during the quarter, compared to the consensus estimate of $10.10 million. Solar Senior Capital had a net margin of 34.70% and a return on equity of 8.45%. On average, sell-side analysts expect that Solar Senior Capital will post 1.4 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Thursday, March 21st will be paid a $0.1175 dividend. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $1.41 annualized dividend and a dividend yield of 8.25%. Solar Senior Capital’s dividend payout ratio (DPR) is 100.00%.

Several institutional investors have recently bought and sold shares of SUNS. B. Riley Wealth Management Inc. purchased a new position in shares of Solar Senior Capital during the 4th quarter worth approximately $4,194,000. Two Sigma Advisers LP boosted its position in shares of Solar Senior Capital by 11.4% during the 4th quarter. Two Sigma Advisers LP now owns 47,522 shares of the asset manager’s stock worth $719,000 after purchasing an additional 4,878 shares during the period. Two Sigma Investments LP boosted its position in shares of Solar Senior Capital by 18.5% during the 4th quarter. Two Sigma Investments LP now owns 42,294 shares of the asset manager’s stock worth $639,000 after purchasing an additional 6,610 shares during the period. Advisor Group Inc. boosted its position in shares of Solar Senior Capital by 276.7% during the 4th quarter. Advisor Group Inc. now owns 2,501 shares of the asset manager’s stock worth $37,000 after purchasing an additional 1,837 shares during the period. Finally, IFP Advisors Inc purchased a new position in shares of Solar Senior Capital during the 4th quarter worth approximately $76,000. 21.07% 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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