Solar Senior Capital Downgraded to Underperform at Zacks (SUNS)
Solar Senior Capital (NASDAQ:SUNS) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Friday. They currently have a $14.90 price target on the stock. Zacks‘s price target indicates a potential downside of 4.97% from the stock’s previous close.
Solar Senior Capital (NASDAQ:SUNS) traded up 1.35% during mid-day trading on Friday, hitting $15.891. 178,702 shares of the company’s stock traded hands. Solar Senior Capital has a 1-year low of $15.55 and a 1-year high of $19.00. The stock has a 50-day moving average of $16.31 and a 200-day moving average of $16.94.
The company also recently declared a monthly dividend, which is scheduled for Wednesday, September 3rd. Stockholders of record on Thursday, August 21st will be given a dividend of $0.1175 per share. This represents a $1.41 dividend on an annualized basis and a yield of 8.99%. The ex-dividend date of this dividend is Tuesday, August 19th.
Solar Senior Capital Ltd. (NASDAQ:SUNS) is a closed-end, externally managed, non-diversified management investment company, which has elected to be treated as a business development company (BDC).
To view Zacks’ full report, visit Zacks’ official website.