Shares of Solar Capital Ltd. (NASDAQ:SLRC) have received an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $23.10.

A number of brokerages recently issued reports on SLRC. Zacks Investment Research upgraded Solar Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. National Securities restated a “buy” rating and issued a $24.00 target price on shares of Solar Capital in a research note on Monday, August 7th. J P Morgan Chase & Co lowered Solar Capital from an “overweight” rating to a “neutral” rating and set a $23.00 target price for the company. in a research note on Monday, May 1st. Keefe, Bruyette & Woods set a $23.00 target price on Solar Capital and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Finally, BidaskClub lowered Solar Capital from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.

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A number of large investors have recently made changes to their positions in SLRC. Muzinich & Co. Inc. increased its stake in shares of Solar Capital by 20.7% in the second quarter. Muzinich & Co. Inc. now owns 1,888,476 shares of the financial services provider’s stock valued at $41,301,000 after buying an additional 323,733 shares in the last quarter. UBS Group AG increased its stake in shares of Solar Capital by 13.5% in the first quarter. UBS Group AG now owns 1,594,885 shares of the financial services provider’s stock valued at $36,060,000 after buying an additional 189,227 shares in the last quarter. Yorktown Management & Research Co Inc increased its stake in shares of Solar Capital by 5.4% in the first quarter. Yorktown Management & Research Co Inc now owns 1,240,000 shares of the financial services provider’s stock valued at $28,036,000 after buying an additional 63,707 shares in the last quarter. Clough Capital Partners L P increased its stake in shares of Solar Capital by 12.0% in the first quarter. Clough Capital Partners L P now owns 825,572 shares of the financial services provider’s stock valued at $18,666,000 after buying an additional 88,141 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Solar Capital by 1.0% in the second quarter. JPMorgan Chase & Co. now owns 505,464 shares of the financial services provider’s stock valued at $11,054,000 after buying an additional 4,916 shares in the last quarter. 62.75% of the stock is currently owned by institutional investors.

Solar Capital (NASDAQ SLRC) traded down 0.23% on Friday, hitting $21.36. The stock had a trading volume of 39,443 shares. The company has a 50-day moving average price of $21.81 and a 200 day moving average price of $21.98. Solar Capital has a 52-week low of $19.26 and a 52-week high of $22.94.

Solar Capital (NASDAQ:SLRC) last issued its earnings results on Tuesday, August 1st. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.03. The firm had revenue of $33.89 million during the quarter, compared to analysts’ expectations of $36.51 million. Solar Capital had a return on equity of 7.30% and a net margin of 54.87%. On average, equities research analysts predict that Solar Capital will post $1.62 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Thursday, September 21st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $1.60 dividend on an annualized basis and a yield of 7.49%. Solar Capital’s dividend payout ratio (DPR) is 85.11%.

About Solar Capital

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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