Solar Capital Ltd. (SLRC) Given Average Rating of “Hold” by Analysts

Solar Capital Ltd. (NASDAQ:SLRC) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $23.67.

A number of brokerages recently commented on SLRC. Zacks Investment Research downgraded Solar Capital from a “hold” rating to a “sell” rating in a research note on Friday. National Securities restated a “buy” rating and set a $25.00 price objective on shares of Solar Capital in a research note on Friday, February 2nd. JMP Securities upgraded Solar Capital from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 16th. Keefe, Bruyette & Woods upgraded Solar Capital from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research note on Friday, January 12th. Finally, Ladenburg Thalmann Financial Services upgraded Solar Capital from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th.

Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Solar Capital by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 520,778 shares of the financial services provider’s stock valued at $11,259,000 after buying an additional 15,314 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Solar Capital by 7.4% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 434,100 shares of the financial services provider’s stock valued at $9,393,000 after buying an additional 29,985 shares during the period. Eagle Boston Investment Management Inc. lifted its holdings in shares of Solar Capital by 20.0% in the third quarter. Eagle Boston Investment Management Inc. now owns 426,322 shares of the financial services provider’s stock valued at $9,191,000 after buying an additional 71,041 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Solar Capital by 69.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 340,634 shares of the financial services provider’s stock valued at $6,884,000 after buying an additional 140,121 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Solar Capital by 5.8% in the fourth quarter. Wells Fargo & Company MN now owns 263,505 shares of the financial services provider’s stock valued at $5,326,000 after buying an additional 14,372 shares during the period. Institutional investors and hedge funds own 62.78% of the company’s stock.

Shares of Solar Capital (SLRC) traded down $0.10 during midday trading on Friday, hitting $20.17. The stock had a trading volume of 178,268 shares, compared to its average volume of 150,899. The company has a market cap of $856.63, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 2.31 and a beta of 0.53. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.51. Solar Capital has a 1-year low of $19.70 and a 1-year high of $22.94.

COPYRIGHT VIOLATION WARNING: “Solar Capital Ltd. (SLRC) Given Average Rating of “Hold” by Analysts” was originally published by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/02/10/solar-capital-ltd-slrc-given-average-rating-of-hold-by-analysts.html.

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)

Receive News & Ratings for Solar Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solar Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply