Equities research analysts at Oppenheimer Holdings Inc. began coverage on shares of Solar Senior Capital Ltd. (NASDAQ:SUNS) in a research note issued to investors on Tuesday. The brokerage set an “outperform” rating and a $17.00 price target on the stock. Oppenheimer Holdings Inc.’s target price would indicate a potential upside of 4.23% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Solar Senior Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th. 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 price objective for the company. TheStreet downgraded shares of Solar Senior Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 9th. 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $16.75.

Solar Senior Capital (NASDAQ:SUNS) opened at 16.31 on Tuesday. Solar Senior Capital has a 52-week low of $12.80 and a 52-week high of $17.09. The company has a 50-day moving average price of $15.96 and a 200 day moving average price of $16.18. The company has a market capitalization of $261.37 million, a PE ratio of 13.85 and a beta of 0.45.

The business 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 dividend of $0.1175 per share. This represents a $1.41 annualized dividend and a dividend yield of 8.65%. The ex-dividend date is Monday, November 21st. Solar Senior Capital’s dividend payout ratio is presently 120.51%.

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada acquired a new position in shares of Solar Senior Capital during the second quarter valued at about $118,000. Advisor Group Inc. acquired a new position in shares of Solar Senior Capital during the second quarter valued at about $130,000. Two Sigma Securities LLC acquired a new position in shares of Solar Senior Capital during the third quarter valued at about $180,000. Cetera Advisors LLC raised its position in shares of 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 last quarter. Finally, California Public Employees Retirement System acquired a new position in shares of Solar Senior Capital during the second quarter valued at about $264,000. 18.72% of the stock is currently owned by institutional investors.

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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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