Solar Capital Ltd. (NASDAQ:SLRC) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $22.40.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Solar Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. National Securities reissued a “buy” rating and issued a $24.00 price objective on shares of Solar Capital in a research note on Monday, May 8th. Finally, J P Morgan Chase & Co downgraded shares of Solar Capital from an “overweight” rating to a “neutral” rating and set a $23.00 price objective for the company. in a research note on Monday, May 1st.

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Shares of Solar Capital (NASDAQ SLRC) traded up 0.23% during mid-day trading on Tuesday, hitting $21.83. 86,555 shares of the company were exchanged. The company’s 50-day moving average price is $21.80 and its 200-day moving average price is $21.93. Solar Capital has a 12-month low of $19.26 and a 12-month high of $22.94.

Solar Capital (NASDAQ:SLRC) last issued its quarterly earnings data on Tuesday, May 2nd. The financial services provider reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The company had revenue of $34.39 million during the quarter, compared to the consensus estimate of $36.24 million. Solar Capital had a net margin of 62.94% and a return on equity of 7.70%. On average, equities research analysts forecast that Solar Capital will post $1.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Thursday, June 22nd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 7.33%. The ex-dividend date of this dividend was Tuesday, June 20th. Solar Capital’s payout ratio is 70.48%.

Several institutional investors have recently added to or reduced their stakes in SLRC. JPMorgan Chase & Co. increased its position in Solar Capital by 0.5% in the first quarter. JPMorgan Chase & Co. now owns 500,548 shares of the financial services provider’s stock valued at $11,317,000 after buying an additional 2,580 shares during the last quarter. Oxford Asset Management acquired a new position in Solar Capital during the first quarter valued at about $2,016,000. Northwestern Mutual Wealth Management Co. acquired a new position in Solar Capital during the first quarter valued at about $104,000. Eagle Global Advisors LLC acquired a new position in Solar Capital during the first quarter valued at about $306,000. Finally, Trexquant Investment LP increased its position in Solar Capital by 49.7% in the first quarter. Trexquant Investment LP now owns 31,437 shares of the financial services provider’s stock valued at $711,000 after buying an additional 10,437 shares during the last quarter. 62.41% of the stock is owned by hedge funds and other institutional investors.

Solar Capital Company Profile

Solar Capital Ltd. is a closed-end, externally managed, non-diversified 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 privately held the United States middle market companies.

Analyst Recommendations for Solar Capital (NASDAQ:SLRC)

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