ValuEngine cut shares of Solar Capital (NASDAQ:SLRC) from a buy rating to a hold rating in a report issued on Wednesday.
Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Solar Capital from a hold rating to a sell rating in a research note on Friday, February 9th. National Securities reiterated a buy rating and issued a $25.00 price target on shares of Solar Capital in a research note on Monday, February 26th. BidaskClub lowered shares of Solar Capital from a sell rating to a strong sell rating in a research note on Friday, April 13th. Keefe, Bruyette & Woods upgraded shares of Solar Capital from a market perform rating to an outperform rating and set a $23.00 price target for the company in a research note on Friday, January 12th. Finally, JMP Securities raised shares of Solar Capital from a market perform rating to an outperform rating in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $23.67.
Shares of Solar Capital stock opened at $20.45 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $862.54, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 2.30 and a beta of 0.54. Solar Capital has a 1 year low of $19.70 and a 1 year high of $22.94.
Solar Capital (NASDAQ:SLRC) last issued its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The company had revenue of $38.91 million during the quarter, compared to analyst estimates of $37.65 million. Solar Capital had a net margin of 49.14% and a return on equity of 7.43%. equities research analysts expect that Solar Capital will post 1.78 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. purchased a new stake in Solar Capital during the 3rd quarter valued at about $210,000. FDx Advisors Inc. purchased a new stake in Solar Capital during the 4th quarter valued at about $212,000. Northern Trust Corp grew its position in Solar Capital by 11.7% during the 2nd quarter. Northern Trust Corp now owns 10,412 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 1,088 shares during the last quarter. California Public Employees Retirement System purchased a new stake in Solar Capital during the 3rd quarter valued at about $254,000. Finally, Geode Capital Management LLC purchased a new stake in Solar Capital during the 4th quarter valued at about $347,000. 62.05% of the stock is currently owned by institutional investors.
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Solar Capital Company Profile
Solar Capital Ltd is a business development company that seeks investment opportunities in middle market companies located in the US. The fund targets companies operating in the fields of aerospace & defense, automobile, banking, beverage, food & tobacco, buildings & real estate, broadcasting & entertainment, cargo transport, chemicals, plastics & rubber, containers, packaging & glass, diversified or conglomerate manufacturing, diversified financial services, electronics, farming & agriculture, finance, grocery, healthcare, education & childcare, home, office furnishings & durable consumer products, hotels, motels, inns & gaming, insurance, IT services, leisure, amusement & entertainment, machinery, mining, steel, iron & non-precious metals, personal & nondurable consumer products, personal, food &services, personal transportation, professional services, retail stores, software, telecommunications, textiles and leather, and utilities.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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