Solar Senior Capital (NASDAQ:SUNS) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday, BidAskClub reports.

Several other brokerages have also issued reports on SUNS. Zacks Investment Research lowered Solar Senior Capital from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Maxim Group reiterated a “buy” rating and issued a $19.00 price target on shares of Solar Senior Capital in a report on Wednesday.

Shares of NASDAQ:SUNS opened at $17.77 on Friday. The business’s 50 day simple moving average is $17.43 and its two-hundred day simple moving average is $16.89. The firm has a market cap of $283.66 million, a P/E ratio of 12.60 and a beta of 0.59. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.54 and a current ratio of 0.56. Solar Senior Capital has a 52-week low of $14.50 and a 52-week high of $18.00.

Solar Senior Capital (NASDAQ:SUNS) last announced its quarterly earnings results on Monday, November 4th. The asset manager reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $10.40 million for the quarter, compared to analyst estimates of $10.89 million. Solar Senior Capital had a return on equity of 8.59% and a net margin of 35.72%. On average, equities analysts forecast that Solar Senior Capital will post 1.39 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Virtus ETF Advisers LLC bought a new position in shares of Solar Senior Capital in the second quarter valued at approximately $2,984,000. Acadian Asset Management LLC lifted its holdings in shares of Solar Senior Capital by 7.0% in the second quarter. Acadian Asset Management LLC now owns 131,779 shares of the asset manager’s stock valued at $2,094,000 after purchasing an additional 8,631 shares in the last quarter. Confluence Investment Management LLC lifted its holdings in shares of Solar Senior Capital by 1.5% in the third quarter. Confluence Investment Management LLC now owns 69,047 shares of the asset manager’s stock valued at $1,226,000 after purchasing an additional 992 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Solar Senior Capital by 49.6% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 68,705 shares of the asset manager’s stock valued at $1,093,000 after purchasing an additional 22,790 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Solar Senior Capital by 38.7% in the second quarter. Morgan Stanley now owns 34,652 shares of the asset manager’s stock valued at $551,000 after purchasing an additional 9,670 shares in the last quarter. Institutional investors own 20.02% of the company’s stock.

About Solar Senior Capital

Solar Senior Capital Ltd. is a business development company specializing in investments in leveraged, middle-market companies in the United States. The fund invests in the form of senior secured loans, including first lien, unitranche, and second lien debt instruments. It does not invest in start-up companies or companies having speculative business plans.

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