Trading Report: Today, TheStreet Upgraded Solar Senior Capital Ltd. (SUNS) to “Buy”

Today, TheStreet Upgraded Solar Senior Capital Ltd. (SUNS) to “Buy”

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

Several other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Solar Senior Capital from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Citigroup Inc. initiated coverage on shares of Solar Senior Capital in a report on Friday, November 4th. They issued a “neutral” rating and a $16.00 price target on the stock. Oppenheimer Holdings Inc. initiated coverage on shares of Solar Senior Capital in a report on Tuesday. They issued an “outperform” rating and a $17.00 price target on the stock. Finally, Ladenburg Thalmann lowered shares of Solar Senior Capital from a “buy” rating to a “neutral” rating in a report on Thursday, August 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $16.75.

Shares of Solar Senior Capital (NASDAQ:SUNS) traded up 2.27% on Wednesday, hitting $16.68. 70,856 shares of the stock traded hands. Solar Senior Capital has a 12-month low of $12.80 and a 12-month high of $17.09. The firm’s 50-day moving average is $15.97 and its 200 day moving average is $16.19. The firm has a market cap of $267.30 million, a P/E ratio of 14.16 and a beta of 0.45.

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

Several hedge funds have recently bought and sold shares of SUNS. Advisors Asset Management Inc. raised its stake in Solar Senior Capital by 18.5% in the second quarter. Advisors Asset Management Inc. now owns 256,377 shares of the company’s stock worth $4,130,000 after buying an additional 40,105 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Solar Senior Capital by 6.4% in the first quarter. JPMorgan Chase & Co. now owns 162,979 shares of the company’s stock worth $2,376,000 after buying an additional 9,768 shares in the last quarter. Muzinich & Co. Inc. raised its stake in Solar Senior Capital by 6.0% in the second quarter. Muzinich & Co. Inc. now owns 120,959 shares of the company’s stock worth $1,949,000 after buying an additional 6,860 shares in the last quarter. Confluence Investment Management LLC purchased a new stake in Solar Senior Capital during the third quarter worth about $1,426,000. Finally, Clear Harbor Asset Management LLC raised its stake in Solar Senior Capital by 3.1% in the second quarter. Clear Harbor Asset Management LLC now owns 132,021 shares of the company’s stock worth $2,127,000 after buying an additional 3,998 shares in the last quarter. Institutional investors own 18.72% of the company’s stock.

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