Solar Capital (NASDAQ:SLRC) Receives Daily Coverage Optimism Score of 0.15
News headlines about Solar Capital (NASDAQ:SLRC) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Solar Capital earned a news impact score of 0.15 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.7281016767769 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Solar Capital (SLRC) traded down 1.34% during midday trading on Friday, reaching $21.42. 131,004 shares of the company’s stock were exchanged. Solar Capital has a 52 week low of $19.26 and a 52 week high of $22.94. The firm’s 50 day moving average is $21.86 and its 200 day moving average is $21.98.
Solar Capital (NASDAQ:SLRC) last announced its earnings results on Tuesday, August 1st. The financial services provider reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The business had revenue of $33.89 million for the quarter, compared to analyst estimates of $36.51 million. Solar Capital had a return on equity of 7.30% and a net margin of 54.87%. Equities research analysts anticipate that Solar Capital will post $1.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Thursday, September 21st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 7.47%. The ex-dividend date is Wednesday, September 20th. Solar Capital’s payout ratio is 85.11%.
SLRC has been the topic of a number of recent analyst reports. National Securities restated a “buy” rating and set a $24.00 target price on shares of Solar Capital in a research note on Monday, May 8th. Zacks Investment Research upgraded shares of Solar Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. J P Morgan Chase & Co cut shares of Solar Capital from an “overweight” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research note on Monday, May 1st. Keefe, Bruyette & Woods set a $23.00 target price on shares of Solar Capital and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Finally, BidaskClub cut shares of Solar Capital from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $22.40.
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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.
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