Equities research analysts expect Solar Senior Capital Ltd (NASDAQ:SUNS) to report $0.36 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Solar Senior Capital’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.35. Solar Senior Capital reported earnings per share of $0.35 during the same quarter last year, which suggests a positive year over year growth rate of 2.9%. The business is scheduled to issue its next quarterly earnings results after the market closes on Monday, May 7th.
According to Zacks, analysts expect that Solar Senior Capital will report full year earnings of $1.42 per share for the current financial year, with EPS estimates ranging from $1.40 to $1.45. For the next year, analysts expect that the company will post earnings of $1.47 per share, with EPS estimates ranging from $1.41 to $1.52. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Solar Senior Capital.
Solar Senior Capital (NASDAQ:SUNS) last announced its quarterly earnings results on Thursday, February 22nd. The asset manager reported $0.35 EPS for the quarter, meeting the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $8.74 million.
A number of analysts have recently commented on the company. BidaskClub lowered Solar Senior Capital from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 24th. Zacks Investment Research lowered 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 acquired 5,113 shares of the 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 transaction, the insider now directly owns 4,000 shares of the company’s stock, valued at $66,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruce J. Spohler acquired 11,254 shares of the stock in a transaction dated Friday, March 2nd. The shares were bought at an average price of $16.85 per share, with a total value of $189,629.90. Following the completion of the transaction, the insider now directly owns 4,000 shares of the company’s stock, valued at $67,400. The disclosure for this purchase can be found here. 5.60% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. raised its position in shares of Solar Senior Capital by 939.0% during the fourth quarter. Macquarie Group Ltd. now owns 10,390 shares of the asset manager’s stock worth $185,000 after acquiring an additional 9,390 shares during the last quarter. Millennium Management LLC raised its position in shares of Solar Senior Capital by 120.6% during the fourth quarter. Millennium Management LLC now owns 38,580 shares of the asset manager’s stock worth $685,000 after acquiring an additional 21,095 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Solar Senior Capital by 55.0% during the fourth quarter. Two Sigma Investments LP now owns 34,156 shares of the asset manager’s stock worth $607,000 after acquiring an additional 12,118 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of Solar Senior Capital by 9.4% during the fourth quarter. Guggenheim Capital LLC now owns 328,788 shares of the asset manager’s stock worth $5,839,000 after acquiring an additional 28,294 shares during the last quarter. Finally, AXA raised its position in shares of Solar Senior Capital by 17.5% during the fourth quarter. AXA now owns 47,569 shares of the asset manager’s stock worth $845,000 after acquiring an additional 7,100 shares during the last quarter. Institutional investors own 28.46% of the company’s stock.
Shares of SUNS stock traded down $0.13 during mid-day trading on Friday, reaching $17.05. 17,798 shares of the stock traded hands, compared to its average volume of 34,814. Solar Senior Capital has a 1-year low of $16.10 and a 1-year high of $18.40. The firm has a market capitalization of $273.46, a price-to-earnings ratio of 12.18, a PEG ratio of 2.40 and a beta of 0.59.
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 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 100.00%.
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About Solar Senior Capital
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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