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

SUNS has been the subject of several other research reports. Zacks Investment Research upgraded shares of Solar Senior Capital from a “sell” rating to a “hold” rating in a report on Friday, September 16th. Citigroup Inc. started coverage on shares of Solar Senior Capital in a report on Friday, November 4th. They set a “neutral” rating and a $16.00 price target for the company. Ladenburg Thalmann cut shares of Solar Senior Capital from a “buy” rating to a “neutral” rating in a report on Thursday, August 4th. Finally, Oppenheimer Holdings Inc. started coverage on shares of Solar Senior Capital in a report on Tuesday. They set an “outperform” rating and a $17.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Solar Senior Capital has an average rating of “Buy” and an average 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 company traded hands. The stock’s 50-day moving average price is $15.97 and its 200-day moving average price is $16.19. Solar Senior Capital has a 12 month low of $12.80 and a 12 month high of $17.09. The company has a market capitalization of $267.30 million, a PE ratio of 14.16 and a beta of 0.45.

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

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

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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