Solar Senior Capital Ltd. (NASDAQ:SUNS) Plans $0.12 Monthly Dividend
Solar Senior Capital Ltd. (NASDAQ:SUNS) declared a monthly dividend on Thursday, August 3rd, NASDAQ reports. Stockholders of record on Thursday, August 17th will be given a dividend of 0.117 per share by the asset manager on Thursday, August 31st. This represents a $1.40 annualized dividend and a dividend yield of 8.20%. The ex-dividend date of this dividend is Tuesday, August 15th.
Solar Senior Capital (NASDAQ SUNS) traded up 0.088% during trading on Friday, hitting $17.145. 22,023 shares of the stock traded hands. Solar Senior Capital has a 52-week low of $15.06 and a 52-week high of $18.46. The stock has a 50 day moving average price of $17.16 and a 200-day moving average price of $17.41.
Solar Senior Capital (NASDAQ:SUNS) last posted its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Solar Senior Capital had a return on equity of 7.98% and a net margin of 76.07%. The business had revenue of $7.66 million for the quarter, compared to analyst estimates of $8.24 million. On average, equities analysts anticipate that Solar Senior Capital will post $1.35 earnings per share for the current fiscal year.
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Several research analysts have recently commented on SUNS shares. BidaskClub lowered Solar Senior Capital from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Solar Senior Capital from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Thursday, April 13th. Finally, Maxim Group reiterated a “buy” rating and set a $18.50 price target on shares of Solar Senior Capital in a report on Wednesday, May 3rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.88.
Solar Senior Capital Company Profile
Solar Senior Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to seek to maximize current income consistent with the preservation of capital. The Company seeks to achieve its investment objective by directly and indirectly investing in senior loans, including first lien, unitranche, and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade, which it refers to collectively as senior loans.
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