Several other equities research analysts have also commented on the stock. TheStreet lowered shares of Solar Capital from a “b” rating to a “c+” rating in a research note on Tuesday, November 19th. Zacks Investment Research cut Solar Capital from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $22.63.
SLRC traded down $0.10 during trading on Tuesday, reaching $20.81. The stock had a trading volume of 464 shares, compared to its average volume of 119,662. The stock’s 50 day moving average is $20.72 and its two-hundred day moving average is $20.57. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $879.85 million, a price-to-earnings ratio of 11.76, a P/E/G ratio of 3.92 and a beta of 0.69. Solar Capital has a one year low of $19.72 and a one year high of $21.83.
In related news, insider Guy Talarico bought 7,150 shares of the business’s stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $20.86 per share, with a total value of $149,149.00. Following the transaction, the insider now owns 930 shares in the company, valued at approximately $19,399.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven Hochberg sold 15,000 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $20.57, for a total transaction of $308,550.00. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in SLRC. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in Solar Capital in the 2nd quarter worth approximately $41,000. Centaurus Financial Inc. boosted its stake in Solar Capital by 4,820.7% in the 2nd quarter. Centaurus Financial Inc. now owns 5,462 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 5,351 shares during the period. Round Table Services LLC bought a new position in Solar Capital in the 3rd quarter worth approximately $210,000. Wambolt & Associates LLC bought a new position in Solar Capital in the 3rd quarter worth approximately $213,000. Finally, D.A. Davidson & CO. bought a new position in Solar Capital in the 3rd quarter worth approximately $249,000. 58.96% of the stock is owned by institutional investors.
About Solar Capital
Solar Capital Ltd. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, and strategic income-oriented control equity investments in leveraged middle market companies. The fund invests in aerospace and defense; air freight & logistics; asset management; automotive; banking; beverage, food and tobacco; building products; buildings and real estate; broadcasting and entertainment; cargo transport; commercial services and supplies; communications equipment; chemicals, plastics and rubber; containers, packaging and glass; construction & engineering; diversified/conglomerate manufacturing; consumer Finance; distributors; diversified/conglomerate services; diversified financial services; diversified real estate sctivities; food products; Footwear; Education Services; diversified telecommunications services; electronics; farming and agriculture; finance; grocery; health care equipment and supplies; health care facilities; education and childcare; home and office furnishing, durable consumer products; hotels, motels, inns and gaming; insurance; restaurants, leisure, amusement, and entertainment; leisure equipment tolls and services, media, multiline retail, multi sector holdings; paper and forest products; personal products; professional services, research and consulting services, software; specialty retail; textiles apparel and luxury goods, thrifts and mortgage finance, trading companies and distributors, utilities, and wireless telecommunication services; industrial conglomerates; internet software and services, IT services, machinery; mining, steel, iron, and non precious metals; oil and gas; personal, food and miscellaneous services; printing and publishing; retail stores; telecommunications; textiles and leather; and utilities.
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