Solar Senior Capital Ltd. (NASDAQ:SUNS) declared a monthly dividend on Wednesday, October 5th. Shareholders of record on Thursday, October 20th will be given a dividend of 0.1175 per share on Tuesday, November 1st. This represents a $1.41 annualized dividend and a yield of 8.76%. The ex-dividend date of this dividend is Tuesday, October 18th.

Solar Senior Capital (NASDAQ:SUNS) opened at 16.10 on Thursday. Solar Senior Capital has a 1-year low of $12.80 and a 1-year high of $17.09. The firm has a 50-day moving average of $16.45 and a 200 day moving average of $15.88.

Solar Senior Capital (NASDAQ:SUNS) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. Solar Senior Capital had a net margin of 27.85% and a return on equity of 8.45%. On average, equities research analysts forecast that Solar Senior Capital will post $1.41 earnings per share for the current fiscal year.

Dividend History for Solar Senior Capital (NASDAQ:SUNS)

Institutional investors have recently modified their holdings of the stock. Nuveen Fund Advisors LLC purchased a new stake in Solar Senior Capital during the second quarter valued at about $820,000. Burnham Asset Management Corp NY purchased a new stake in Solar Senior Capital during the second quarter valued at about $435,000. Guggenheim Capital LLC increased its stake in 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. Eagle Global Advisors LLC purchased a new stake in Solar Senior Capital during the second quarter valued at about $324,000. Finally, California Public Employees Retirement System purchased a new stake in Solar Senior Capital during the second quarter valued at about $264,000. 16.71% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on SUNS shares. Zacks Investment Research raised shares of Solar Senior Capital from a “sell” rating to a “hold” rating in a research note on Friday, September 16th. Ladenburg Thalmann downgraded shares of Solar Senior Capital from a “buy” rating to a “neutral” rating in a research note on Thursday, August 4th. Citigroup Inc. raised their target price 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. Finally, TheStreet downgraded shares of Solar Senior Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 9th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $16.67.

Solar Senior Capital Company Profile

Solar Senior Capital Ltd. (SUNS) is a management investment company. The Company’s investment objective is to seek to maximize current income consistent with the preservation of capital. It invests in senior loans, including first lien and second lien debt instruments. It also invests in debt of public companies that are thinly traded.

5 Day Chart for NASDAQ:SUNS

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