B. Riley Financial Inc. Has $4.72 Million Position in Solar Senior Capital Ltd. (SUNS)
B. Riley Financial Inc. reduced its position in shares of Solar Senior Capital Ltd. (NASDAQ:SUNS) by 1.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 273,933 shares of the asset manager’s stock after selling 3,898 shares during the period. Solar Senior Capital comprises about 1.3% of B. Riley Financial Inc.’s investment portfolio, making the stock its 14th biggest position. B. Riley Financial Inc. owned 1.71% of Solar Senior Capital worth $4,720,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. OxFORD Asset Management LLP lifted its holdings in Solar Senior Capital by 24.8% during the 3rd quarter. OxFORD Asset Management LLP now owns 33,478 shares of the asset manager’s stock valued at $583,000 after purchasing an additional 6,644 shares during the last quarter. JPMorgan Chase & Co. increased its position in Solar Senior Capital by 19.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 542,976 shares of the asset manager’s stock valued at $9,453,000 after acquiring an additional 87,062 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Solar Senior Capital in the 2nd quarter valued at about $241,000. Intrinsic Edge Capital Management LLC acquired a new stake in Solar Senior Capital in the 2nd quarter valued at about $837,000. Finally, Muzinich & Co. Inc. increased its position in Solar Senior Capital by 1.5% in the 2nd quarter. Muzinich & Co. Inc. now owns 573,781 shares of the asset manager’s stock valued at $9,605,000 after acquiring an additional 8,242 shares in the last quarter. 30.24% of the stock is owned by hedge funds and other institutional investors.
Shares of Solar Senior Capital Ltd. (NASDAQ:SUNS) opened at $17.95 on Tuesday. The firm has a market cap of $284.29, a PE ratio of 12.66, a price-to-earnings-growth ratio of 2.51 and a beta of 0.63. Solar Senior Capital Ltd. has a 1 year low of $15.89 and a 1 year high of $18.46.
Solar Senior Capital (NASDAQ:SUNS) last issued its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. Solar Senior Capital had a net margin of 76.43% and a return on equity of 8.39%. The company had revenue of $7.97 million during the quarter, compared to analysts’ expectations of $7.82 million. equities research analysts forecast that Solar Senior Capital Ltd. will post 1.41 earnings per share for the current year.
The firm also recently declared a monthly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 22nd were given a dividend of $0.1175 per share. This represents a $1.41 annualized dividend and a dividend yield of 7.86%. The ex-dividend date was Tuesday, November 21st. Solar Senior Capital’s dividend payout ratio is 97.92%.
SUNS has been the subject of several research reports. Zacks Investment Research cut shares of Solar Senior Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. BidaskClub cut shares of Solar Senior Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th.
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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