Today, Solar Senior Capital Ltd. (SUNS) Stock Rating Upgrade by TheStreet

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

A number of other research firms also recently issued reports on SUNS. Citigroup Inc. upped their price target on shares of Solar Senior Capital from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. Ladenburg Thalmann downgraded shares of Solar Senior Capital from a “buy” rating to a “neutral” rating in a research note on Thursday, August 4th. Zacks Investment Research raised shares of Solar Senior Capital from a “sell” rating to a “hold” rating in a research note on Friday, August 26th. Finally, Oppenheimer Holdings Inc. assumed coverage on shares of Solar Senior Capital in a research note on Tuesday. They issued an “outperform” rating and a $17.00 target price on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $16.75.

Solar Senior Capital (NASDAQ:SUNS) traded up 2.27% during midday trading on Wednesday, reaching $16.68. 70,856 shares of the company traded hands. Solar Senior Capital has a one year low of $12.80 and a one year high of $17.09. The stock has a market capitalization of $267.30 million, a P/E ratio of 14.16 and a beta of 0.45. The company has a 50 day moving average price of $15.97 and a 200-day moving average price of $16.19.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of SUNS. B. Riley Financial Inc. increased its position in Solar Senior Capital by 1.5% in the third quarter. B. Riley Financial Inc. now owns 282,323 shares of the company’s stock valued at $4,576,000 after buying an additional 4,170 shares in the last quarter. Cetera Advisors LLC increased its position in 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 in the last quarter. Ares Management LLC bought a new position in Solar Senior Capital during the third quarter valued at approximately $3,745,000. UBS Group AG increased its position in Solar Senior Capital by 37.8% in the third quarter. UBS Group AG now owns 298,854 shares of the company’s stock valued at $4,845,000 after buying an additional 82,041 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new position in Solar Senior Capital during the third quarter valued at approximately $180,000. 18.72% of the stock is currently owned by institutional investors.

Solar Senior Capital Company Profile

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