Wells Fargo & Company MN Purchases 10,997 Shares of Solar Senior Capital Ltd (SUNS)

Wells Fargo & Company MN boosted its position in Solar Senior Capital Ltd (NASDAQ:SUNS) by 16.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,886 shares of the asset manager’s stock after buying an additional 10,997 shares during the period. Wells Fargo & Company MN owned approximately 0.49% of Solar Senior Capital worth $1,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SUNS. Macquarie Group Ltd. boosted its position in Solar Senior Capital by 939.0% in the fourth quarter. Macquarie Group Ltd. now owns 10,390 shares of the asset manager’s stock valued at $185,000 after buying an additional 9,390 shares during the last quarter. Two Sigma Investments LP boosted its position in Solar Senior Capital by 55.0% in the fourth quarter. Two Sigma Investments LP now owns 34,156 shares of the asset manager’s stock valued at $607,000 after buying an additional 12,118 shares during the last quarter. Millennium Management LLC boosted its position in Solar Senior Capital by 120.6% in the fourth quarter. Millennium Management LLC now owns 38,580 shares of the asset manager’s stock valued at $685,000 after buying an additional 21,095 shares during the last quarter. AXA boosted its position in Solar Senior Capital by 17.5% in the fourth quarter. AXA now owns 47,569 shares of the asset manager’s stock valued at $845,000 after buying an additional 7,100 shares during the last quarter. Finally, BlackRock Inc. boosted its position in Solar Senior Capital by 11.9% in the fourth quarter. BlackRock Inc. now owns 103,232 shares of the asset manager’s stock valued at $1,833,000 after buying an additional 10,982 shares during the last quarter. Hedge funds and other institutional investors own 25.64% of the company’s stock.

Solar Senior Capital opened at $16.99 on Thursday, MarketBeat.com reports. Solar Senior Capital Ltd has a 12 month low of $16.10 and a 12 month high of $18.40. The company has a market capitalization of $269.48 million, a price-to-earnings ratio of 12.05, a P/E/G ratio of 2.39 and a beta of 0.60.

Solar Senior Capital (NASDAQ:SUNS) last released its quarterly earnings data on Monday, May 7th. The asset manager reported $0.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. Solar Senior Capital had a return on equity of 8.38% and a net margin of 67.60%. The business had revenue of $9.34 million for the quarter, compared to analyst estimates of $9.54 million. sell-side analysts forecast that Solar Senior Capital Ltd will post 1.4 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Thursday, July 19th will be given a $0.1175 dividend. The ex-dividend date is Wednesday, July 18th. This represents a $1.41 annualized dividend and a yield of 8.30%. Solar Senior Capital’s dividend payout ratio is presently 100.00%.

A number of brokerages recently commented on SUNS. Zacks Investment Research lowered Solar Senior Capital from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. BidaskClub upgraded Solar Senior Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. Finally, ValuEngine lowered Solar Senior Capital from a “buy” rating to a “hold” rating in a research report on Monday, April 23rd.

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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Institutional Ownership by Quarter for Solar Senior Capital (NASDAQ:SUNS)

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