Headlines about Solar Senior Capital (NASDAQ:SUNS) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Solar Senior Capital earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the asset manager an impact score of 46.6794732021657 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Solar Senior Capital traded down $0.05, reaching $16.65, on Friday, according to Marketbeat. 30,819 shares of the company’s stock were exchanged, compared to its average volume of 38,797. The firm has a market capitalization of $267.88 million, a PE ratio of 11.81, a PEG ratio of 2.38 and a beta of 0.60. Solar Senior Capital has a twelve month low of $16.10 and a twelve month high of $18.40.
Solar Senior Capital (NASDAQ:SUNS) last posted its quarterly earnings results on Monday, May 7th. The asset manager reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $9.34 million for the quarter, compared to analyst estimates of $9.54 million. Solar Senior Capital had a net margin of 67.60% and a return on equity of 8.38%. equities analysts anticipate that Solar Senior Capital will post 1.4 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Thursday, June 21st will be given a dividend of $0.1175 per share. The ex-dividend date of this dividend is Wednesday, June 20th. This is a positive change from Solar Senior Capital’s previous monthly dividend of $0.12. This represents a $1.41 dividend on an annualized basis and a yield of 8.47%. Solar Senior Capital’s payout ratio is presently 100.00%.
Several analysts have recently issued reports on SUNS shares. BidaskClub upgraded shares of Solar Senior Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. Zacks Investment Research upgraded shares of Solar Senior Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, May 1st. Finally, ValuEngine lowered shares of Solar Senior Capital from a “buy” rating to a “hold” rating in a research report on Monday, April 23rd.
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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