Solar Senior Capital (SUNS) Given Daily Media Sentiment Rating of 0.44
Media coverage about Solar Senior Capital (NASDAQ:SUNS) has trended positive this week, according to Accern. The research group identifies positive and negative media 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 news impact score of 0.44 on Accern’s scale. Accern also gave news headlines about the asset manager an impact score of 66 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the immediate future.
Solar Senior Capital (NASDAQ:SUNS) opened at 17.34 on Monday. Solar Senior Capital has a 52 week low of $15.06 and a 52 week high of $18.46. The firm’s 50-day moving average price is $17.16 and its 200-day moving average price is $17.28.
Solar Senior Capital (NASDAQ:SUNS) last posted its earnings results on Tuesday, May 2nd. The asset manager reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The company had revenue of $7.50 million during the quarter, compared to analyst estimates of $7.96 million. Solar Senior Capital had a return on equity of 7.95% and a net margin of 76.74%. Equities analysts expect that Solar Senior Capital will post $1.40 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Thursday, July 20th will be issued a dividend of $0.117 per share. The ex-dividend date is Tuesday, July 18th. This represents a $1.40 dividend on an annualized basis and a yield of 8.10%. Solar Senior Capital’s dividend payout ratio is currently 89.81%.
A number of research analysts have recently commented on the company. Zacks Investment Research cut Solar Senior Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. BidaskClub upgraded Solar Senior Capital from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Maxim Group reiterated a “buy” rating and set a $18.50 price objective on shares of Solar Senior Capital in a research note on Wednesday, May 3rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $17.88.
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About Solar Senior Capital
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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