Solar Senior Capital Ltd. (SUNS) to Issue Monthly Dividend of $0.12 on December 1st
Solar Senior Capital Ltd. (NASDAQ:SUNS) announced a monthly dividend on Thursday, November 3rd. Shareholders of record on Wednesday, November 23rd will be given a dividend of 0.1175 per share on Thursday, December 1st. This represents a $1.41 dividend on an annualized basis and a dividend yield of 8.72%. The ex-dividend date is Monday, November 21st.
Solar Senior Capital (NASDAQ:SUNS) opened at 16.17 on Wednesday. The firm has a 50-day moving average price of $15.95 and a 200 day moving average price of $16.14. Solar Senior Capital has a one year low of $12.80 and a one year high of $17.09.
SUNS has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Solar Senior Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th. TheStreet downgraded shares of Solar Senior Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 9th. Citigroup Inc. initiated coverage on shares of 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. Finally, Ladenburg Thalmann downgraded shares of Solar Senior Capital from a “buy” rating to a “neutral” rating in a research note on Thursday, August 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Solar Senior Capital presently has a consensus rating of “Hold” and an average price target of $16.67.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SUNS. Two Sigma Advisers LP boosted its stake in Solar Senior Capital by 605.4% in the third quarter. Two Sigma Advisers LP now owns 144,493 shares of the company’s stock worth $2,342,000 after buying an additional 124,010 shares in the last quarter. Eagle Global Advisors LLC acquired a new position in Solar Senior Capital during the second quarter worth $324,000. Guggenheim Capital LLC raised its position in Solar Senior Capital by 53.4% in the second quarter. Guggenheim Capital LLC now owns 57,871 shares of the company’s stock worth $932,000 after buying an additional 20,135 shares during the last quarter. Nuveen Fund Advisors LLC acquired a new position in Solar Senior Capital during the second quarter worth $820,000. Finally, Burnham Asset Management Corp NY acquired a new position in Solar Senior Capital during the second quarter worth $435,000. 18.83% of the stock is owned by institutional investors.
About Solar Senior Capital
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.
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