Trade Report: Today, Brokerages Set Solar Senior Capital Ltd. (SUNS) Target Price at $16.75

Today, Brokerages Set Solar Senior Capital Ltd. (SUNS) Target Price at $16.75

Solar Senior Capital Ltd. (NASDAQ:SUNS) has received a consensus rating of “Buy” from the six brokerages that are covering the stock. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $16.75.

SUNS has been the subject of several recent research reports. Zacks Investment Research upgraded Solar Senior Capital from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Saturday, November 5th. TheStreet cut Solar Senior Capital from a “buy” rating to a “hold” rating in a research report on Friday, September 9th. Citigroup Inc. started coverage on Solar Senior Capital in a research report on Friday, November 4th. They set a “neutral” rating and a $16.00 target price for the company. Ladenburg Thalmann cut Solar Senior Capital from a “buy” rating to a “neutral” rating in a research report on Thursday, August 4th. Finally, Oppenheimer Holdings Inc. started coverage on Solar Senior Capital in a research report on Tuesday. They set an “outperform” rating and a $17.00 target price for the company.

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada purchased a new stake in shares of Solar Senior Capital during the second quarter valued at about $118,000. Eagle Global Advisors LLC purchased a new stake in shares of Solar Senior Capital during the second quarter valued at about $324,000. Guggenheim Capital LLC raised its stake in shares of Solar Senior Capital by 53.4% in the second quarter. Guggenheim Capital LLC now owns 57,871 shares of the company’s stock valued at $932,000 after buying an additional 20,135 shares during the period. Nuveen Fund Advisors LLC purchased a new stake in shares of Solar Senior Capital during the second quarter valued at about $820,000. Finally, Burnham Asset Management Corp NY purchased a new stake in shares of Solar Senior Capital during the second quarter valued at about $435,000. 18.72% of the stock is owned by hedge funds and other institutional investors.

Shares of Solar Senior Capital (NASDAQ:SUNS) opened at 16.31 on Tuesday. The company has a market capitalization of $261.37 million, a P/E ratio of 13.85 and a beta of 0.45. Solar Senior Capital has a 52-week low of $12.80 and a 52-week high of $17.09. The stock’s 50 day moving average price is $15.96 and its 200-day moving average price is $16.18.

The company also recently declared a monthly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 23rd will be paid a dividend of $0.1175 per share. This represents a $1.41 annualized dividend and a yield of 8.65%. The ex-dividend date of this dividend is Monday, November 21st. Solar Senior Capital’s dividend payout ratio (DPR) is currently 120.51%.

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