Solar Capital (SLRC) Rating Lowered to Strong Sell at BidaskClub

Solar Capital (NASDAQ:SLRC) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

Other research analysts have also issued research reports about the stock. National Securities reaffirmed a “buy” rating and set a $25.00 target price on shares of Solar Capital in a research note on Monday, February 26th. Zacks Investment Research raised shares of Solar Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. JMP Securities raised shares of Solar Capital from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods raised shares of Solar Capital from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research note on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Solar Capital presently has a consensus rating of “Hold” and an average target price of $23.67.

Solar Capital stock opened at $20.50 on Friday. Solar Capital has a 12-month low of $19.70 and a 12-month high of $22.94. The stock has a market cap of $868.88, a P/E ratio of 12.65, a PEG ratio of 2.32 and a beta of 0.54. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.59.



Solar Capital (NASDAQ:SLRC) last released its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Solar Capital had a net margin of 49.14% and a return on equity of 7.43%. The firm had revenue of $38.91 million during the quarter, compared to analysts’ expectations of $37.65 million. equities research analysts predict that Solar Capital will post 1.77 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the business. PVG Asset Management Corp purchased a new position in Solar Capital during the fourth quarter worth about $2,410,000. Macquarie Group Ltd. boosted its stake in Solar Capital by 295.6% during the fourth quarter. Macquarie Group Ltd. now owns 38,315 shares of the financial services provider’s stock worth $774,000 after buying an additional 28,630 shares during the period. Millennium Management LLC boosted its stake in Solar Capital by 263.7% during the fourth quarter. Millennium Management LLC now owns 344,680 shares of the financial services provider’s stock worth $6,966,000 after buying an additional 249,906 shares during the period. Two Sigma Investments LP boosted its stake in shares of Solar Capital by 157.2% in the fourth quarter. Two Sigma Investments LP now owns 189,547 shares of the financial services provider’s stock valued at $3,831,000 after purchasing an additional 115,859 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in shares of Solar Capital by 74.0% in the fourth quarter. Two Sigma Advisers LP now owns 227,880 shares of the financial services provider’s stock valued at $4,605,000 after purchasing an additional 96,927 shares during the period. 62.05% of the stock is owned by institutional investors.

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About Solar Capital

Solar Capital Ltd is a business development company that seeks investment opportunities in middle market companies located in the US. The fund targets companies operating in the fields of aerospace & defense, automobile, banking, beverage, food & tobacco, buildings & real estate, broadcasting & entertainment, cargo transport, chemicals, plastics & rubber, containers, packaging & glass, diversified or conglomerate manufacturing, diversified financial services, electronics, farming & agriculture, finance, grocery, healthcare, education & childcare, home, office furnishings & durable consumer products, hotels, motels, inns & gaming, insurance, IT services, leisure, amusement & entertainment, machinery, mining, steel, iron & non-precious metals, personal & nondurable consumer products, personal, food &services, personal transportation, professional services, retail stores, software, telecommunications, textiles and leather, and utilities.

Analyst Recommendations for Solar Capital (NASDAQ:SLRC)

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