Solar Capital Receives Average Rating of “Hold” from Analysts (NASDAQ:SLRC)
Solar Capital (NASDAQ:SLRC) has earned a consensus rating of “Hold” from the eight analysts that are presently covering the company, ARN reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $21.96.
A number of analysts have recently weighed in on SLRC shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Solar Capital in a research note on Wednesday, August 13th. They now have a $21.00 price target on the stock, down previously from $24.00. Separately, analysts at Zacks downgraded shares of Solar Capital from a “neutral” rating to an “underperform” rating in a research note on Friday, August 8th. They now have a $18.80 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Solar Capital in a research note on Tuesday, August 5th. They now have a $24.50 price target on the stock, down previously from $25.80.
Solar Capital (NASDAQ:SLRC) traded up 0.10% on Thursday, hitting $19.71. The stock had a trading volume of 35,915 shares. Solar Capital has a 52-week low of $18.51 and a 52-week high of $23.29. The stock has a 50-day moving average of $20.39 and a 200-day moving average of $21.32.
Solar Capital (NASDAQ:SLRC) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.02. Analysts expect that Solar Capital will post $1.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Thursday, September 18th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 8.13%. The ex-dividend date is Tuesday, September 16th.
Solar Capital Ltd. (NASDAQ:SLRC) is a closed-end, externally managed, non-diversified management investment company.
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