JPMorgan Chase & Co. increased its stake in Solar Senior Capital Ltd (NASDAQ:SUNS) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 811,612 shares of the asset manager’s stock after acquiring an additional 36,287 shares during the quarter. JPMorgan Chase & Co. owned 5.06% of Solar Senior Capital worth $13,562,000 at the end of the most recent reporting period.
Separately, Stratos Wealth Partners LTD. bought a new stake in shares of Solar Senior Capital in the 3rd quarter valued at $105,000. Institutional investors and hedge funds own 22.41% of the company’s stock.
SUNS has been the subject of a number of recent research reports. BidaskClub lowered shares of Solar Senior Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. Zacks Investment Research upgraded shares of Solar Senior Capital from a “sell” rating to a “hold” rating in a research note on Friday, November 16th.
Shares of SUNS stock opened at $15.56 on Friday. The firm has a market cap of $247.18 million, a price-to-earnings ratio of 11.04 and a beta of 0.55. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.11 and a quick ratio of 0.11. Solar Senior Capital Ltd has a 12 month low of $14.90 and a 12 month high of $18.35.
Solar Senior Capital (NASDAQ:SUNS) last announced its quarterly earnings results on Monday, November 5th. The asset manager reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.02. The business had revenue of $11.01 million during the quarter, compared to analyst estimates of $10.10 million. Solar Senior Capital had a net margin of 58.33% and a return on equity of 8.41%. Analysts forecast that Solar Senior Capital Ltd will post 1.41 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Friday, January 4th. Shareholders of record on Thursday, December 20th will be paid a dividend of $0.1175 per share. The ex-dividend date is Wednesday, December 19th. This represents a $1.41 dividend on an annualized basis and a yield of 9.06%. Solar Senior Capital’s dividend payout ratio (DPR) is presently 100.00%.
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Solar Senior Capital Company Profile
Solar Senior Capital Ltd. is a business development company specializing in investments in leveraged, middle-market companies in the United States. The fund invests in the form of senior secured loans, including first lien, unitranche, and second lien debt instruments. It does not invest in start-up companies or companies having speculative business plans.
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