Solar Capital Ltd. (NASDAQ:SLRC) was downgraded by investment analysts at Ladenburg Thalmann Financial Services from a “buy” rating to a “neutral” rating in a report released on Friday, The Fly reports. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Solar Capital from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Saturday, October 29th. Compass Point started coverage on shares of Solar Capital in a research note on Tuesday, January 3rd. They set a “buy” rating and a $22.40 target price for the company. Finally, National Securities reiterated a “buy” rating and set a $22.00 target price on shares of Solar Capital in a research note on Thursday, November 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $21.77.

Analyst Recommendations for Solar Capital (NASDAQ:SLRC)

Shares of Solar Capital (NASDAQ:SLRC) traded down 2.74% during midday trading on Friday, hitting $21.63. The company had a trading volume of 56,063 shares. Solar Capital has a 1-year low of $16.74 and a 1-year high of $22.50. The stock has a 50 day moving average price of $21.62 and a 200 day moving average price of $20.72.

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Solar Capital (NASDAQ:SLRC) last announced its earnings results on Wednesday, February 22nd. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by $0.00. Solar Capital had a net margin of 50.98% and a return on equity of 7.83%. Equities research analysts expect that Solar Capital will post $1.80 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Investors of record on Thursday, March 23rd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 7.19%. The ex-dividend date of this dividend is Tuesday, March 21st. Solar Capital’s dividend payout ratio is currently 89.89%.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Partners Group Holding AG purchased a new position in shares of Solar Capital during the fourth quarter valued at $399,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Solar Capital by 18.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,062 shares of the company’s stock valued at $230,000 after buying an additional 1,700 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Solar Capital by 18.4% in the fourth quarter. Guggenheim Capital LLC now owns 325,127 shares of the company’s stock valued at $6,769,000 after buying an additional 50,601 shares in the last quarter. Two Sigma Investments LP increased its position in shares of Solar Capital by 20.6% in the fourth quarter. Two Sigma Investments LP now owns 123,917 shares of the company’s stock valued at $2,580,000 after buying an additional 21,192 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Solar Capital during the fourth quarter valued at $439,000. 59.26% of the stock is owned by institutional investors.

Solar Capital Company Profile

Solar Capital Ltd. is a management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests in the United States middle market companies. It invests primarily in leveraged middle markets companies in the form of senior secured loans, mezzanine loans and equity securities.

5 Day Chart for NASDAQ:SLRC

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