Trade Report: Today, Solar Senior Capital Ltd. (SUNS) Rating Increased to Buy at TheStreet

Today, Solar Senior Capital Ltd. (SUNS) Rating Increased to Buy at TheStreet

Solar Senior Capital Ltd. (NASDAQ:SUNS) was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Solar Senior Capital from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Saturday, November 5th. Citigroup Inc. started coverage on Solar Senior Capital in a research note on Friday, November 4th. They issued a “neutral” rating and a $16.00 target price for the company. Ladenburg Thalmann downgraded Solar Senior Capital from a “buy” rating to a “neutral” rating in a research note on Thursday, August 4th. Finally, Oppenheimer Holdings Inc. started coverage on Solar Senior Capital in a research note on Tuesday. They issued an “outperform” rating and a $17.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $16.75.

Shares of Solar Senior Capital (NASDAQ:SUNS) traded up 2.27% during midday trading on Wednesday, reaching $16.68. The company’s stock had a trading volume of 70,856 shares. The stock’s 50 day moving average is $15.97 and its 200 day moving average is $16.19. Solar Senior Capital has a 12 month low of $12.80 and a 12 month high of $17.09. The stock has a market capitalization of $267.30 million, a PE ratio of 14.16 and a beta of 0.45.

The company also recently announced a monthly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 23rd will be issued a dividend of $0.1175 per share. The ex-dividend date of this dividend is Monday, November 21st. This represents a $1.41 annualized dividend and a yield of 8.45%. Solar Senior Capital’s payout ratio is 120.51%.

A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada purchased a new stake in shares of Solar Senior Capital during the second quarter valued at approximately $118,000. Advisor Group Inc. purchased a new stake in shares of Solar Senior Capital during the second quarter valued at approximately $130,000. Two Sigma Securities LLC purchased a new stake in shares of Solar Senior Capital during the third quarter valued at approximately $180,000. Cetera Advisors LLC boosted its stake in shares of Solar Senior Capital by 15.0% in the third quarter. Cetera Advisors LLC now owns 15,300 shares of the company’s stock valued at $247,000 after buying an additional 2,000 shares during the last quarter. Finally, California Public Employees Retirement System purchased a new stake in shares of Solar Senior Capital during the second quarter valued at approximately $264,000. 18.72% of the stock is currently owned by hedge funds and other institutional investors.

Solar Senior Capital Company Profile

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