Solar Capital (NASDAQ:SLRC) will release its earnings data after the market closes on Thursday, February 22nd. Analysts expect Solar Capital to post earnings of $0.42 per share for the quarter.
Solar Capital (SLRC) opened at $20.47 on Tuesday. The stock has a market capitalization of $865.08, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 2.33 and a beta of 0.53. Solar Capital has a twelve month low of $19.70 and a twelve month high of $22.94. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.01 and a current ratio of 1.01.
A hedge fund recently raised its stake in Solar Capital stock. Northern Trust Corp lifted its holdings in Solar Capital Ltd. (NASDAQ:SLRC) by 11.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,412 shares of the financial services provider’s stock after buying an additional 1,088 shares during the quarter. Northern Trust Corp’s holdings in Solar Capital were worth $228,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 60.85% of the company’s stock.
A number of brokerages have issued reports on SLRC. Zacks Investment Research cut Solar Capital from a “hold” rating to a “sell” rating in a report on Friday, February 9th. National Securities reissued a “buy” rating and set a $25.00 price objective on shares of Solar Capital in a report on Friday, February 2nd. JMP Securities raised Solar Capital from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 16th. Keefe, Bruyette & Woods raised Solar Capital from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a report on Friday, January 12th. Finally, BidaskClub cut Solar Capital from a “sell” rating to a “strong sell” rating in a report on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Solar Capital presently has a consensus rating of “Hold” and an average target price of $23.67.
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About Solar Capital
Solar Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests in privately held the United States middle market companies.
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