Solar Capital (SLRC) Getting Somewhat Favorable Press Coverage, Accern Reports
News headlines about Solar Capital (NASDAQ:SLRC) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Solar Capital earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.1335518491041 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Solar Capital (SLRC) opened at 20.80 on Monday. The firm has a 50-day moving average of $21.54 and a 200-day moving average of $21.91. Solar Capital has a one year low of $19.26 and a one year high of $22.94.
Solar Capital (NASDAQ:SLRC) last announced its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.03). The firm had revenue of $33.89 million during the quarter, compared to analyst estimates of $36.51 million. Solar Capital had a return on equity of 7.30% and a net margin of 54.87%. On average, equities research analysts anticipate that Solar Capital will post $1.62 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Thursday, September 21st will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $1.60 dividend on an annualized basis and a yield of 7.69%. Solar Capital’s payout ratio is 85.11%.
A number of equities analysts recently issued reports on the stock. National Securities reiterated a “buy” rating and issued a $24.00 target price on shares of Solar Capital in a research report on Monday, August 7th. Keefe, Bruyette & Woods set a $23.00 target price on shares of Solar Capital and gave the company a “hold” rating in a research report on Thursday, August 3rd. BidaskClub lowered shares of Solar Capital from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research upgraded shares of Solar Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $22.88.
Solar Capital Company Profile
Solar Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests in privately held the United States middle market companies.
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