Solar Capital Ltd. (NASDAQ:SLRC) declared a quarterly dividend on Thursday, November 2nd, Zacks reports. Investors of record on Thursday, December 21st will be paid a dividend of 0.40 per share by the financial services provider on Thursday, January 4th. This represents a $1.60 annualized dividend and a yield of 7.89%. The ex-dividend date of this dividend is Wednesday, December 20th.

Shares of Solar Capital (SLRC) opened at $20.28 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $863.81, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 2.55 and a beta of 0.54. Solar Capital has a 1-year low of $20.17 and a 1-year high of $22.94.

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). The company had revenue of $36.15 million for the quarter, compared to analyst estimates of $35.95 million. Solar Capital had a net margin of 50.29% and a return on equity of 7.32%. equities research analysts predict that Solar Capital will post 1.6 EPS for the current fiscal year.

An institutional investor recently raised its position in Solar Capital stock. Northern Trust Corp lifted its holdings in Solar Capital Ltd. (NASDAQ:SLRC) by 11.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,412 shares of the financial services provider’s stock after acquiring an additional 1,088 shares during the quarter. Northern Trust Corp’s holdings in Solar Capital were worth $228,000 at the end of the most recent reporting period. Institutional investors own 63.08% of the company’s stock.

A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Solar Capital from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. National Securities lifted their price objective on Solar Capital from $24.00 to $25.00 and gave the company a “buy” rating in a report on Monday, November 6th. BidaskClub downgraded Solar Capital from a “sell” rating to a “strong sell” rating in a report on Thursday, December 7th. Finally, Ladenburg Thalmann Financial Services raised Solar Capital from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $23.35.

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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.

Dividend History for Solar Capital (NASDAQ:SLRC)

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