Solar Capital (NASDAQ:SLRC) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.

SLRC has been the subject of a number of other research reports. Zacks Investment Research cut shares of Solar Capital from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. National Securities boosted their target price on shares of Solar Capital from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Finally, Ladenburg Thalmann Financial Services raised shares of Solar Capital from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $23.35.

Solar Capital (NASDAQ:SLRC) traded down $0.23 on Thursday, reaching $20.69. 156,049 shares of the company’s stock were exchanged, compared to its average volume of 101,383. Solar Capital has a one year low of $20.17 and a one year high of $22.94. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $882.41, a PE ratio of 13.05, a price-to-earnings-growth ratio of 2.61 and a beta of 0.54.

Solar Capital (NASDAQ:SLRC) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Solar Capital had a net margin of 50.29% and a return on equity of 7.32%. The firm had revenue of $36.15 million during the quarter, compared to analysts’ expectations of $35.95 million. analysts predict that Solar Capital will post 1.6 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in SLRC. Muzinich & Co. Inc. increased its stake in shares of Solar Capital by 20.7% during the second quarter. Muzinich & Co. Inc. now owns 1,888,476 shares of the financial services provider’s stock worth $41,301,000 after purchasing an additional 323,733 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in Solar Capital by 184.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 115,967 shares of the financial services provider’s stock valued at $2,510,000 after acquiring an additional 75,139 shares in the last quarter. Eagle Boston Investment Management Inc. grew its stake in Solar Capital by 20.0% during the 3rd quarter. Eagle Boston Investment Management Inc. now owns 426,322 shares of the financial services provider’s stock valued at $9,191,000 after acquiring an additional 71,041 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Solar Capital by 18.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 375,783 shares of the financial services provider’s stock valued at $8,218,000 after acquiring an additional 59,621 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Solar Capital during the 2nd quarter valued at about $1,207,000. 63.08% of the stock is owned by institutional investors and hedge funds.

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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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