Wedbush Securities Inc. boosted its stake in Solar Senior Capital Ltd. (NASDAQ:SUNS) by 0.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 11,122 shares of the asset manager’s stock after buying an additional 48 shares during the period. Wedbush Securities Inc.’s holdings in Solar Senior Capital were worth $186,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Ares Management LLC boosted its stake in shares of Solar Senior Capital by 3.2% in the first quarter. Ares Management LLC now owns 275,284 shares of the asset manager’s stock valued at $4,950,000 after buying an additional 8,500 shares in the last quarter. Menlo Advisors LLC boosted its stake in shares of Solar Senior Capital by 5.4% in the second quarter. Menlo Advisors LLC now owns 20,590 shares of the asset manager’s stock valued at $344,000 after buying an additional 1,050 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Solar Senior Capital by 4.7% in the first quarter. Wells Fargo & Company MN now owns 68,802 shares of the asset manager’s stock valued at $1,238,000 after buying an additional 3,086 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Solar Senior Capital by 67.4% in the first quarter. Mackenzie Financial Corp now owns 27,836 shares of the asset manager’s stock valued at $500,000 after buying an additional 11,209 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Solar Senior Capital by 12.5% in the first quarter. Wellington Management Group LLP now owns 160,272 shares of the asset manager’s stock valued at $2,882,000 after buying an additional 17,840 shares in the last quarter. 32.53% of the stock is currently owned by hedge funds and other institutional investors.

Solar Senior Capital Ltd. (NASDAQ SUNS) opened at 16.23 on Wednesday. The stock’s 50 day moving average is $17.13 and its 200-day moving average is $17.40. Solar Senior Capital Ltd. has a 12 month low of $15.06 and a 12 month high of $18.46.

Solar Senior Capital (NASDAQ:SUNS) last announced its earnings results on Tuesday, August 1st. The asset manager reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $7.66 million for the quarter, compared to the consensus estimate of $8.24 million. Solar Senior Capital had a net margin of 76.07% and a return on equity of 7.98%. Equities research analysts expect that Solar Senior Capital Ltd. will post $1.35 EPS for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be paid a $0.117 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date of this dividend is Tuesday, August 15th. Solar Senior Capital’s dividend payout ratio is currently 94.63%.

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SUNS has been the topic of several research analyst reports. Zacks Investment Research cut shares of Solar Senior Capital from a “hold” rating to a “sell” rating in a research note on Friday, May 5th. Maxim Group reaffirmed a “buy” rating and set a $18.50 price objective on shares of Solar Senior Capital in a research note on Wednesday, May 3rd. Finally, BidaskClub raised shares of Solar Senior Capital from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $17.88.

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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Institutional Ownership by Quarter for Solar Senior Capital (NASDAQ:SUNS)

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