Solar Senior Capital Ltd. (NASDAQ:SUNS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Solar Senior Capital Ltd. operates as a business development company under the Investment Company Act of 1940. The Company invests primarily in senior secured loans, including first lien, unitranche and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade. “

Separately, BidaskClub lowered shares of Solar Senior Capital from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $17.17.

Solar Senior Capital (NASDAQ:SUNS) last issued its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. The firm had revenue of $7.66 million for the quarter, compared to analyst estimates of $8.24 million. Solar Senior Capital had a net margin of 76.07% and a return on equity of 7.98%.

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Several hedge funds have recently added to or reduced their stakes in SUNS. Advisor Group Inc. grew its holdings in shares of Solar Senior Capital by 1.4% during the 2nd quarter. Advisor Group Inc. now owns 6,657 shares of the asset manager’s stock valued at $112,000 after purchasing an additional 95 shares during the last quarter. Wedbush Securities Inc. grew its holdings in shares of Solar Senior Capital by 0.4% during the 2nd quarter. Wedbush Securities Inc. now owns 11,122 shares of the asset manager’s stock valued at $186,000 after purchasing an additional 48 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Solar Senior Capital by 149.7% during the 1st quarter. Russell Investments Group Ltd. now owns 11,392 shares of the asset manager’s stock valued at $205,000 after purchasing an additional 6,829 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Solar Senior Capital during the 2nd quarter valued at $241,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Solar Senior Capital by 2.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,127 shares of the asset manager’s stock valued at $308,000 after purchasing an additional 388 shares during the last quarter. 32.84% of the stock is currently owned by institutional investors.

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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