Solar Capital (SLRC) to Release Earnings on Thursday

Solar Capital (NASDAQ:SLRC) is set to post its quarterly earnings results after the market closes on Thursday, February 22nd. Analysts expect Solar Capital to post earnings of $0.42 per share for the quarter.

Shares of Solar Capital (SLRC) opened at $20.49 on Thursday. 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 cap of $861.28, a PE ratio of 12.20, a PEG ratio of 2.32 and a beta of 0.53. Solar Capital has a 1-year low of $19.70 and a 1-year high of $22.94.

An institutional investor recently raised its position in Solar Capital stock. Northern Trust Corp boosted its stake in Solar Capital Ltd. (NASDAQ:SLRC) by 11.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,412 shares of the financial services provider’s stock after buying an additional 1,088 shares during the period. Northern Trust Corp’s holdings in Solar Capital were worth $228,000 at the end of the most recent reporting period. Institutional investors own 62.65% of the company’s stock.

A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Solar Capital from a “hold” rating to a “sell” rating in a report on Friday, February 9th. National Securities reiterated a “buy” rating and set a $25.00 target price on shares of Solar Capital in a report on Friday, February 2nd. JMP Securities upgraded shares of Solar Capital from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 16th. Keefe, Bruyette & Woods upgraded shares of Solar Capital from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a report on Friday, January 12th. Finally, Ladenburg Thalmann Financial Services upgraded shares of Solar Capital from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $23.67.

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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.

Earnings History for Solar Capital (NASDAQ:SLRC)

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