Solar Senior Capital Ltd. (SUNS) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Solar Senior Capital Ltd. (NASDAQ:SUNS) issued its quarterly earnings data on Thursday. The asset manager reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02, Bloomberg Earnings reports. The firm had revenue of $7.97 million during the quarter, compared to the consensus estimate of $7.82 million. Solar Senior Capital had a return on equity of 8.39% and a net margin of 76.43%.
Solar Senior Capital (NASDAQ SUNS) traded up $0.24 during trading hours on Friday, reaching $17.90. The company’s stock had a trading volume of 41,592 shares, compared to its average volume of 37,129. The firm has a market capitalization of $283.65, a PE ratio of 12.64 and a beta of 0.63.
The company also recently announced a monthly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Thursday, October 19th were given a $0.1175 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date of this dividend was Wednesday, October 18th. Solar Senior Capital’s dividend payout ratio is currently 97.92%.
A number of analysts recently commented on SUNS shares. BidaskClub downgraded Solar Senior Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Zacks Investment Research downgraded Solar Senior Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $17.17.
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About Solar Senior Capital
Solar Senior Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to seek to maximize current income consistent with the preservation of capital. The Company seeks to achieve its investment objective by directly and indirectly investing in senior loans, including first lien, unitranche, and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade, which it refers to collectively as senior loans.
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