Chicago Partners Investment Group LLC Has $2.51 Million Stake in Solar Capital Ltd. (SLRC)
Chicago Partners Investment Group LLC lifted its stake in Solar Capital Ltd. (NASDAQ:SLRC) by 184.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,967 shares of the financial services provider’s stock after acquiring an additional 75,139 shares during the period. Chicago Partners Investment Group LLC owned approximately 0.27% of Solar Capital worth $2,510,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Muzinich & Co. Inc. boosted its holdings in shares of Solar Capital by 20.7% in the second quarter. Muzinich & Co. Inc. now owns 1,888,476 shares of the financial services provider’s stock worth $41,301,000 after acquiring an additional 323,733 shares during the period. JPMorgan Chase & Co. boosted its stake in Solar Capital by 3.0% during the third quarter. JPMorgan Chase & Co. now owns 520,778 shares of the financial services provider’s stock valued at $11,259,000 after buying an additional 15,314 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Solar Capital by 7.4% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 434,100 shares of the financial services provider’s stock valued at $9,393,000 after buying an additional 29,985 shares during the period. Eagle Boston Investment Management Inc. boosted its stake in Solar Capital by 20.0% during the third quarter. Eagle Boston Investment Management Inc. now owns 426,322 shares of the financial services provider’s stock valued at $9,191,000 after buying an additional 71,041 shares during the period. Finally, Van ECK Associates Corp boosted its stake in Solar Capital by 11.9% during the second quarter. Van ECK Associates Corp now owns 252,996 shares of the financial services provider’s stock valued at $5,533,000 after buying an additional 26,844 shares during the period. 63.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Solar Capital Ltd. (NASDAQ SLRC) opened at $20.28 on Friday. The stock has a market capitalization of $862.97, a price-to-earnings ratio of 12.77, a P/E/G ratio of 2.55 and a beta of 0.54. Solar Capital Ltd. has a 52 week low of $20.17 and a 52 week high of $22.94. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.01 and a current ratio of 1.01.
Solar Capital (NASDAQ:SLRC) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The business 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 Ltd. will post 1.6 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 22nd will be given a dividend of $0.41 per share. This is an increase from Solar Capital’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, March 21st. This represents a $1.64 dividend on an annualized basis and a yield of 8.09%. Solar Capital’s dividend payout ratio (DPR) is presently 95.24%.
Several equities research analysts recently issued reports on SLRC shares. National Securities lifted their price objective on Solar Capital from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research raised Solar Capital from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Ladenburg Thalmann Financial Services raised Solar Capital from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Finally, BidaskClub lowered Solar Capital from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Solar Capital currently has an average rating of “Hold” and an average price target of $23.35.
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.
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