Solar Capital Ltd. (NASDAQ:SLRC) insider Bruce J. Spohler bought 53,526 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were bought at an average price of $9.32 per share, for a total transaction of $498,862.32. Following the completion of the transaction, the insider now directly owns 67,526 shares in the company, valued at approximately $629,342.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Solar Capital stock opened at $10.62 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $349.91 million, a price-to-earnings ratio of 8.05 and a beta of 0.73. Solar Capital Ltd. has a fifty-two week low of $7.42 and a fifty-two week high of $21.72. The stock’s fifty day moving average is $17.51 and its two-hundred day moving average is $19.84.

Solar Capital (NASDAQ:SLRC) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.03). Solar Capital had a return on equity of 7.86% and a net margin of 36.21%. The firm had revenue of $37.06 million for the quarter, compared to analyst estimates of $38.98 million. As a group, sell-side analysts forecast that Solar Capital Ltd. will post 1.71 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Thursday, March 19th will be paid a $0.41 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $1.64 dividend on an annualized basis and a yield of 15.44%. Solar Capital’s payout ratio is 95.91%.

A number of equities analysts have recently issued reports on SLRC shares. BidaskClub downgraded shares of Solar Capital from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 14th. Wells Fargo & Co raised shares of Solar Capital from an “equal weight” rating to an “overweight” rating in a report on Wednesday. Compass Point downgraded shares of Solar Capital from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $22.50 to $21.50 in a report on Friday, February 21st. LADENBURG THALM/SH SH lowered shares of Solar Capital from a “buy” rating to a “neutral” rating in a research report on Monday, February 24th. Finally, Deutsche Bank dropped their target price on shares of Solar Capital from $24.00 to $23.50 and set a “buy” rating for the company in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.00.

A number of large investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new position in shares of Solar Capital during the 4th quarter worth approximately $203,000. CA Family Wealth LLC acquired a new position in shares of Solar Capital during the 4th quarter worth approximately $223,000. Eagle Global Advisors LLC purchased a new stake in Solar Capital in the 4th quarter valued at approximately $245,000. Great West Life Assurance Co. Can purchased a new stake in Solar Capital in the 4th quarter valued at approximately $244,000. Finally, Aigen Investment Management LP purchased a new stake in Solar Capital in the 4th quarter valued at approximately $246,000. Hedge funds and other institutional investors own 59.13% of the company’s stock.

About Solar Capital

Solar Capital Ltd. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, and strategic income-oriented control equity investments in leveraged middle market companies. The fund invests in aerospace and defense; air freight & logistics; asset management; automotive; banking; beverage, food and tobacco; building products; buildings and real estate; broadcasting and entertainment; cargo transport; commercial services and supplies; communications equipment; chemicals, plastics and rubber; containers, packaging and glass; construction & engineering; diversified/conglomerate manufacturing; consumer Finance; distributors; diversified/conglomerate services; diversified financial services; diversified real estate sctivities; food products; Footwear; Education Services; diversified telecommunications services; electronics; farming and agriculture; finance; grocery; health care equipment and supplies; health care facilities; education and childcare; home and office furnishing, durable consumer products; hotels, motels, inns and gaming; insurance; restaurants, leisure, amusement, and entertainment; leisure equipment tolls and services, media, multiline retail, multi sector holdings; paper and forest products; personal products; professional services, research and consulting services, software; specialty retail; textiles apparel and luxury goods, thrifts and mortgage finance, trading companies and distributors, utilities, and wireless telecommunication services; industrial conglomerates; internet software and services, IT services, machinery; mining, steel, iron, and non precious metals; oil and gas; personal, food and miscellaneous services; printing and publishing; retail stores; telecommunications; textiles and leather; and utilities.

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Insider Buying and Selling by Quarter for Solar Capital (NASDAQ:SLRC)

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