Solar Capital (NASDAQ:SLRC) was upgraded by stock analysts at JMP Securities from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, MarketBeat reports.

SLRC has been the subject of a number of other research reports. Keefe, Bruyette & Woods raised shares of Solar Capital from a “market perform” rating to an “outperform” rating and set a $23.00 price target for the company in a report on Friday, January 12th. Zacks Investment Research raised shares of Solar Capital from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. National Securities raised their price target on shares of Solar Capital from $24.00 to $25.00 and gave the company a “buy” rating in a report on Monday, November 6th. BidaskClub lowered shares of Solar Capital from a “sell” rating to a “strong sell” rating in a report on Thursday, December 7th. Finally, Ladenburg Thalmann Financial Services raised shares of Solar Capital from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Solar Capital presently has an average rating of “Hold” and a consensus price target of $23.67.

Shares of Solar Capital (NASDAQ SLRC) traded up $0.10 during trading on Tuesday, hitting $21.10. 184,000 shares of the company were exchanged, compared to its average volume of 177,600. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $892.13, a price-to-earnings ratio of 12.56, a P/E/G ratio of 2.37 and a beta of 0.55. Solar Capital has a fifty-two week low of $19.90 and a fifty-two week high of $22.94.

Solar Capital (NASDAQ:SLRC) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $36.15 million during the quarter, compared to analyst estimates of $35.95 million. Solar Capital had a net margin of 50.29% and a return on equity of 7.32%. equities analysts anticipate that Solar Capital will post 1.6 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Muzinich & Co. Inc. grew its holdings in Solar Capital by 20.7% during the 2nd quarter. Muzinich & Co. Inc. now owns 1,888,476 shares of the financial services provider’s stock worth $41,301,000 after acquiring an additional 323,733 shares during the period. JPMorgan Chase & Co. grew its holdings in Solar Capital by 3.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 520,778 shares of the financial services provider’s stock worth $11,259,000 after acquiring an additional 15,314 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its holdings in Solar Capital by 7.4% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 434,100 shares of the financial services provider’s stock worth $9,393,000 after acquiring an additional 29,985 shares during the period. Eagle Boston Investment Management Inc. grew its holdings in Solar Capital by 20.0% during the 3rd quarter. Eagle Boston Investment Management Inc. now owns 426,322 shares of the financial services provider’s stock worth $9,191,000 after acquiring an additional 71,041 shares during the period. Finally, Van ECK Associates Corp grew its holdings in Solar Capital by 11.9% during the 2nd quarter. Van ECK Associates Corp now owns 252,996 shares of the financial services provider’s stock worth $5,533,000 after acquiring an additional 26,844 shares during the period. 63.08% of the stock is owned by hedge funds and other institutional investors.

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About Solar Capital

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.

Analyst Recommendations for Solar Capital (NASDAQ:SLRC)

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