Trade Report: Today: Solar Senior Capital Ltd. (SUNS) Research Coverage Started at Oppenheimer Holdings Inc.

Today: Solar Senior Capital Ltd. (SUNS) Research Coverage Started at Oppenheimer Holdings Inc.

Oppenheimer Holdings Inc. started coverage on shares of Solar Senior Capital Ltd. (NASDAQ:SUNS) in a report issued on Tuesday morning. The brokerage issued an outperform rating and a $17.00 target price on the stock.

A number of other analysts also recently 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 objective for the company. TheStreet downgraded shares of Solar Senior Capital from a buy rating to a hold rating in a report on Friday, September 9th. Finally, Ladenburg Thalmann downgraded shares of Solar Senior Capital from a buy rating to a neutral rating in a report on Thursday, August 4th. Two investment analysts have rated the stock with a hold rating and four have issued 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) opened at 16.68 on Tuesday. The stock’s 50 day moving average is $15.97 and its 200 day moving average is $16.19. Solar Senior Capital has a 1-year low of $12.80 and a 1-year high of $17.09.

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

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada purchased a new stake in Solar Senior Capital during the second quarter valued at $118,000. Advisor Group Inc. purchased a new stake in Solar Senior Capital during the second quarter valued at $130,000. Two Sigma Securities LLC purchased a new stake in Solar Senior Capital during the third quarter valued at $180,000. Cetera Advisors LLC boosted its stake 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 during the period. Finally, California Public Employees Retirement System purchased a new stake in Solar Senior Capital during the second quarter valued at $264,000. 25.93% of the stock is owned by institutional investors and hedge funds.

Solar Senior Capital Company Profile

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