Shares of Solar Senior Capital Ltd. (NASDAQ:SUNS) have received a consensus recommendation of “Buy” from the six research firms that are presently covering the firm. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $16.75.

SUNS has been the topic of several research reports. TheStreet upgraded Solar Senior Capital from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded Solar Senior Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 6th. Ladenburg Thalmann downgraded Solar Senior Capital from a “buy” rating to a “neutral” rating in a report on Thursday, August 4th. Citigroup Inc. assumed coverage on Solar Senior Capital in a report on Friday, November 4th. They set a “neutral” rating and a $16.00 price objective on the stock. Finally, Oppenheimer Holdings Inc. assumed coverage on Solar Senior Capital in a report on Tuesday, November 22nd. They issued an “outperform” rating and a $17.00 price target on the stock.

Shares of Solar Senior Capital (NASDAQ:SUNS) opened at 16.68 on Tuesday. The company’s 50-day moving average price is $15.97 and its 200-day moving average price is $16.19. Solar Senior Capital has a 52-week low of $12.80 and a 52-week high of $17.09. The stock has a market cap of $267.30 million, a PE ratio of 14.16 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 issued a $0.1175 dividend. The ex-dividend date of this dividend is Monday, November 21st. This represents a $1.41 dividend on an annualized basis and a dividend yield of 8.45%. Solar Senior Capital’s dividend payout ratio is presently 120.51%.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada bought a new position in shares of Solar Senior Capital during the second quarter worth about $118,000. Eagle Global Advisors LLC bought a new position in shares of Solar Senior Capital during the second quarter worth about $324,000. Guggenheim Capital LLC increased its position in shares of 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 in the last quarter. Nuveen Fund Advisors LLC bought a new position in shares of Solar Senior Capital during the second quarter worth about $820,000. Finally, Burnham Asset Management Corp NY bought a new position in shares of Solar Senior Capital during the second quarter worth about $435,000. Institutional investors and hedge funds own 18.72% of the company’s stock.

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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