Media headlines about Solar Senior Capital (NASDAQ:SUNS) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Solar Senior Capital earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news headlines about the asset manager an impact score of 46.6663862003289 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
Shares of NASDAQ:SUNS traded down $0.13 during trading on Friday, hitting $17.05. 17,798 shares of the company traded hands, compared to its average volume of 34,814. Solar Senior Capital has a one year low of $16.10 and a one year high of $18.40. The firm has a market capitalization of $275.55, a PE ratio of 12.09, a price-to-earnings-growth ratio of 2.42 and a beta of 0.59.
Solar Senior Capital (NASDAQ:SUNS) last released its earnings results on Thursday, February 22nd. The asset manager reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. Solar Senior Capital had a return on equity of 8.38% and a net margin of 72.70%. The firm had revenue of $9.05 million during the quarter, compared to the consensus estimate of $8.74 million. sell-side analysts forecast that Solar Senior Capital will post 1.42 EPS for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 2nd. Stockholders of record on Thursday, April 19th will be given a dividend of $0.1175 per share. The ex-dividend date of this dividend is Wednesday, April 18th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 8.27%. Solar Senior Capital’s dividend payout ratio (DPR) is presently 100.00%.
Several research firms recently commented on SUNS. BidaskClub upgraded Solar Senior Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. Zacks Investment Research cut Solar Senior Capital from a “hold” rating to a “sell” rating in a research note on Friday, January 5th.
In related news, insider Bruce J. Spohler purchased 11,254 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were acquired at an average cost of $16.85 per share, with a total value of $189,629.90. Following the completion of the purchase, the insider now owns 4,000 shares of the company’s stock, valued at approximately $67,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruce J. Spohler purchased 5,113 shares of the company’s stock in a transaction dated Monday, March 5th. The stock was bought at an average cost of $16.74 per share, for a total transaction of $85,591.62. Following the completion of the purchase, the insider now directly owns 4,000 shares of the company’s stock, valued at approximately $66,960. The disclosure for this purchase can be found here. 5.60% of the stock is currently owned by corporate insiders.
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Solar Senior Capital Company Profile
Solar Senior Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to seek to maximize current income consistent with the preservation of capital. The Company seeks to achieve its investment objective by directly and indirectly investing in senior loans, including first lien, unitranche, and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade, which it refers to collectively as senior loans.
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