Solar Capital Ltd. (NASDAQ:SLRC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “Solar Capital Ltd. is a closed-end investment company that invests primarily in leveraged companies, including middle market companies, in the form of senior secured loans, mezzanine loans, and equity securities. “

SLRC has been the topic of a number of other reports. Keefe, Bruyette & Woods set a $23.00 price target on shares of Solar Capital and gave the company a “hold” rating in a report on Thursday, August 3rd. National Securities reiterated a “buy” rating and issued a $24.00 price target on shares of Solar Capital in a report on Monday, August 7th. BidaskClub downgraded shares of Solar Capital from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Ladenburg Thalmann Financial Services upgraded shares of Solar Capital from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.35.

Shares of Solar Capital (NASDAQ:SLRC) traded down $0.13 during mid-day trading on Thursday, hitting $21.70. 105,100 shares of the stock traded hands, compared to its average volume of 98,122. The company has a market cap of $922.55, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 2.73 and a beta of 0.55. Solar Capital has a 12-month low of $20.14 and a 12-month high of $22.94. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.51.

Solar Capital (NASDAQ:SLRC) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $36.15 million for the quarter, compared to the consensus estimate of $35.95 million. Solar Capital had a net margin of 50.29% and a return on equity of 7.32%. equities analysts expect that Solar Capital will post 1.6 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in SLRC. Muzinich & Co. Inc. increased its holdings in Solar Capital by 20.7% in the 2nd quarter. Muzinich & Co. Inc. now owns 1,888,476 shares of the financial services provider’s stock valued at $41,301,000 after acquiring an additional 323,733 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Solar Capital in the 2nd quarter worth $2,389,000. Eagle Boston Investment Management Inc. grew its stake in shares of Solar Capital by 20.0% in the 3rd quarter. Eagle Boston Investment Management Inc. now owns 426,322 shares of the financial services provider’s stock worth $9,191,000 after buying an additional 71,041 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Solar Capital by 18.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 375,783 shares of the financial services provider’s stock worth $8,218,000 after buying an additional 59,621 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Solar Capital in the 2nd quarter worth $1,207,000. Institutional investors own 62.87% of the company’s stock.

Solar Capital Company Profile

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.

Analyst Recommendations for Solar Capital (NASDAQ:SLRC)

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