Solar Capital Ltd. (NASDAQ:SLRC) shares hit a new 52-week low on Wednesday . The company traded as low as $20.08 and last traded at $20.40, with a volume of 297300 shares changing hands. The stock had previously closed at $20.40.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Solar Capital from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. National Securities lifted their price target on shares of Solar Capital from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, November 6th. BidaskClub lowered shares of Solar Capital from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 7th. Finally, Ladenburg Thalmann Financial Services raised shares of Solar Capital from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Solar Capital currently has an average rating of “Hold” and an average target price of $23.35.

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $849.87, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 2.55 and a beta of 0.54.

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 Zacks’ consensus estimate of $0.42 by ($0.01). The business had revenue of $36.15 million during the quarter, compared to the consensus estimate of $35.95 million. Solar Capital had a return on equity of 7.32% and a net margin of 50.29%. analysts forecast that Solar Capital Ltd. will post 1.6 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 22nd will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 8.04%. The ex-dividend date of this dividend is Wednesday, March 21st. This is a positive change from Solar Capital’s previous quarterly dividend of $0.40. Solar Capital’s payout ratio is currently 95.24%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Muzinich & Co. Inc. increased its holdings in Solar Capital by 20.7% during the second quarter. Muzinich & Co. Inc. now owns 1,888,476 shares of the financial services provider’s stock worth $41,301,000 after buying an additional 323,733 shares during the last quarter. JPMorgan Chase & Co. increased its holdings 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 worth $11,259,000 after buying an additional 15,314 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its holdings 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 worth $9,393,000 after buying an additional 29,985 shares during the last quarter. Eagle Boston Investment Management Inc. increased its holdings 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 worth $9,191,000 after buying an additional 71,041 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings 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 worth $5,533,000 after buying an additional 26,844 shares during the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

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About Solar Capital

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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